2004 United States federal budget
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| Submitted | February 3, 2003[1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 108th Congress |
| Total revenue | $1.92 trillion (requested)[2] $1.88 trillion (actual)[3] 15.6% of GDP (actual)[4] |
| Total expenditures | $2.23 trillion (requested)[2] $2.292 trillion (actual)[3] 19.0% of GDP (actual)[4] |
| Deficit | $307 billion (requested)[2] $412 billion (actual)[3] 3.4% of GDP (actual)[4] |
| Debt | $7.35 trillion (at fiscal end) 60.8% of GDP[5] |
| GDP | $12.089 trillion[4] |
| Website | Government Publishing Office |
|
‹ 2003 2005› | |
The 2004 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2003 – September 30, 2004. The requested budget was submitted to the 108th Congress on February 3, 2003.
2004 Actual Receipts by Source
- Individual income tax (43%)
- Social Security/other payroll tax (39%)
- Corporate income tax (10.1%)
- Excise tax (3.7%)
- Estate and gift taxes (1.3%)
- Customs duties (1.1%)
- Other miscellaneous receipts (1.8%)
Receipts by source: (in billions of dollars)
| Source | Requested[6] | Actual[7] |
|---|---|---|
| Individual income tax | 850 | 809 |
| Corporate income tax | 169 | 189 |
| Social Security and other payroll tax | 765 | 733 |
| Excise tax | 71 | 70 |
| Estate and gift taxes | 23 | 25 |
| Customs duties | 21 | 21 |
| Other miscellaneous receipts | 24 | 33 |
| Total | 1,922 | 1,880 |
