2002 United States federal budget
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| Submitted | April 9, 2001 [1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 107th Congress |
| Total revenue | $2.19 trillion (requested)[2] $1.853 trillion (actual)[3] 17.0% of GDP (actual)[4] |
| Total expenditures | $1.96 trillion (requested) $2.01 trillion (actual)[5] 18.5% of GDP (actual)[4] |
| Deficit | $157.8 billion (actual)[5] 1.5% of GDP (actual)[4] |
| Debt | $6.198 trillion (at fiscal end) 57.0% of GDP[6] |
| GDP | $10.877 trillion[4] |
| Website | Office of Management and Budget |
|
‹ 2001 2003› | |
The United States Federal Budget for Fiscal Year 2002, was a spending request by President George W. Bush to fund government operations for October 2001-September 2002. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2002, which must be authorized by Congress.
2002 Actual Receipts by Source
- Individual income tax (46.32%)
- Social Security/other payroll tax (37.81%)
- Corporate income tax (7.99%)
- Excise tax (3.61%)
- Customs duties (1%)
- Estate and gift taxes (1.43%)
- Other miscellaneous receipts (1.83%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 1,079 | 858.3 |
| Corporate income tax | 219 | 148 |
| Social Security and other payroll tax | 726 | 700.7 |
| Excise tax | 74 | 67 |
| Estate and gift taxes | 29 | 26.5 |
| Customs duties | 23 | 18.6 |
| Other miscellaneous receipts | 43 | 33.9 |
| Total | 2,192 | 1,853 |
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