| Submitted | February 4, 2002[1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 107th Congress |
| Country | United States |
| 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(atfiscal end) 59.7% of GDP[5] |
| GDP | $11.33 trillion[4] |
| Website | Office of Management and Budget |
‹ 2002 2004› | |
The 2003United States Federal Budget began as a proposal byPresident George W. Bush to fund government operations forOctober 1, 2002 – September 30, 2003.The requested budget was submitted to the107th Congress on February 4, 2002.
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 otherpayroll tax | 749 | 713 |
| Excise tax | 69 | 68 |
| Estate andgift taxes | 23 | 22 |
| Customsduties | 20 | 20 |
| Other miscellaneous receipts | −25 | 35 |
| Total | 2,048 | 1,782 |
Outlays bybudget function(in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $404,733 |
| 150 | International Affairs | $21,199 |
| 250 | General Science, Space and Technology | $20,831 |
| 270 | Energy | $−725 |
| 300 | Natural Resources and Environment | $29,667 |
| 350 | Agriculture | $22,496 |
| 370 | Commerce and Housing Credit | $727 |
| 400 | Transportation | $67,069 |
| 450 | Community and Regional Development | $18,850 |
| 500 | Education, Training, Employment and Social Services | $82,587 |
| 550 | Health | $219,541 |
| 570 | Medicare | $249,433 |
| 600 | Income Security | $334,632 |
| 650 | Social Security | $474,680 |
| 700 | Veterans Benefits and Services | $56,984 |
| 750 | Administration of Justice | $35,340 |
| 800 | General Government | $23,164 |
| 900 | Net Interest | $153,073 |
| 920 | Allowances | $- |
| 950 | Undistributed Offsetting Receipts | $−54,382 |
| Total | $2,159,899 |
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