2003 United States federal budget
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| Submitted | February 4, 2002[1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 107th Congress |
| Total revenue | $2.05 trillion (requested)[2] $1.78 trillion (actual)[3] 15.7% of GDP (actual)[4] |
| Total expenditures | $2.13 trillion (requested)[2] $2.16 trillion (actual)[3] 19.1% of GDP (actual)[4] |
| Deficit | $80 billion (requested)[2] $375.3 billion (actual)[3] 3.3% of GDP (actual)[4] |
| Debt | $6.76 trillion (at fiscal end) 59.7% of GDP[5] |
| GDP | $11.33 trillion[4] |
| Website | Office of Management and Budget |
|
‹ 2002 2004› | |
The 2003 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2002 – September 30, 2003. The requested budget was submitted to the 107th Congress on February 4, 2002.
2003 Actual Receipts by Source
- Individual income tax 44.6 (44.6%)
- Social Security/other payroll tax 40 (40.0%)
- Corporate income tax 7.4 (7.39%)
- Excise tax 3.8 (3.80%)
- Estate and gift taxes 1.2 (1.20%)
- Customs duties 1.1 (1.10%)
- Other miscellaneous receipts 2 (2.00%)
Receipts by source: (in billions of dollars)
| Source | Requested[6] | Actual[7] |
|---|---|---|
| Individual income tax | 1,006 | 794 |
| Corporate income tax | 205 | 132 |
| Social Security and other payroll tax | 749 | 713 |
| Excise tax | 69 | 68 |
| Estate and gift taxes | 23 | 22 |
| Customs duties | 20 | 20 |
| Other miscellaneous receipts | −25 | 35 |
| Total | 2,048 | 1,782 |
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