1999 United States federal budget

1999 (1999) Budget of the United States federal government
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]
19.2% of GDP (actual)[4]
Total expenditures $1.73 trillion (requested)[5]
$1.7 trillion (actual)[6]
17.9% of GDP (actual)[4]
Surplus $126 billion (actual)[6]
1.3% of GDP (actual)[4]
Debt $5.606 trillion (at fiscal end)
58.9% of GDP[7]
GDP $9.51 trillion[4]
Website Office of Management and Budget
‹ 1998
2000 ›

The Budget of the United States Government Fiscal Year 1999[8] (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.[9] 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

  Individual income tax (48.1%)
  Social Security/other payroll tax (33.5%)
  Corporate income tax (10.1%)
  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

Total Outlays

Outlays by budget function (in millions)

Function Title Actual
050 National Defense $274,769
150 International Affairs $15,239
250 General Science, Space and Technology $18,084
270 Energy $911
300 Natural Resources and Environment $23,943
350 Agriculture $22,879
370 Commerce and Housing Credit $2,641
400 Transportation $42,532
450 Community and Regional Development $11,865
500 Education, Training, Employment and Social Services $50,605
550 Health $141,048
570 Medicare $190,447
600 Income Security $242,478
650 Social Security $390,037
700 Veterans Benefits and Services $43,155
750 Administration of Justice $26,536
800 General Government $15,363
900 Net Interest $229,755
920 Allowances $-
950 Undistributed Offsetting Receipts $-40,445
Total $1,701,842

References

  1. ↑ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. 1 2 "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. 1 2 "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. 1 2 3 4 "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved October 28, 2015.
  5. ↑ Budget of the United States Government, Fiscal Year 2001
  6. 1 2 "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
  7. ↑ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
  8. ↑ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)
  9. ↑ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)

External links

This article is issued from Wikipedia - version of the Friday, October 30, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.