1999 United States federal budget

1999 Budget of the United States federal government
‹ 1998
2000 ›
Submitted February 2, 1998 [1]
Submitted by Bill Clinton
Submitted to 105th Congress
Total revenue $1.74 trillion (requested)[2]
$1.83 trillion (actual)[3]
Program Spending $1.70 trillion
Surplus $124 billion
Website Office of Management and Budget

The Budget of the United States Government Fiscal Year 1999[4] (FY99) was a spending request by President Bill Clinton to fund government operations for October 1998–September 1999. It was the first balanced Federal budget in 30 years.[5] In FY99, revenues were 1.82 trillion dollars. Spending was 1.70 trillion dollars, the surplus was $124 billion, and the GDP was 9.2 trillion.

Total Receipts

1999 Actual Receipts by Source

  Social Security/other payroll tax (33.5%)
  Excise tax (3.8%)
  Estate and gift taxes (1.5%)
  Customs duties (1.0%)
  Other miscellaneous receipts (1.9%)

(in billions of dollars)

Source Requested[2] Actual[3]
Individual income tax 791 879
Corporate income tax 198 185
Social Security and other payroll tax 596 612
Excise tax 72 70
Estate and gift taxes 21 28
Customs duties 18 18
Other miscellaneous receipts 47 35
Total 1,743 1,827

Spending

Notes

  1. ↑ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. ↑ 2.0 2.1 "1999 Public Budget Database". Fiscal Year 1999 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  3. ↑ 3.0 3.1 "2001 Public Budget Database". Fiscal Year 2001 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  4. ↑ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999
  5. ↑ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999

External links