1994 United States federal budget

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Main article: United States federal budget
1994 (1994) Budget of the United States federal government
Submitted byBill Clinton
Submitted to103rd Congress
Total revenue$1.26 trillion (actual)
17.5% of GDP (actual)[1]
Total expenditures$1.46 trillion (actual)
20.3% of GDP (actual)[1]
Deficit$203 billion (actual)
2.8% of GDP (actual)[1]
Debt$4.643 trillion (at fiscal end)
64.5% of GDP[2]
GDP$7.198 trillion[1]
‹ 1993
1995 ›

The 1994 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1994, which was October 1993 – September 1994. This budget was the first federal budget submitted by Bill Clinton.

Receipts[]

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1994 Actual Receipts by Source

  Individual income tax (43.0%)
  Social Security/other payroll tax (36.5%)
  Corporate income tax (11.1%)
  Excise tax (4.3%)
  Other receipts (4.6%)

(in billions of dollars)

Source Actual[3]

[4]

Individual income tax 543
Corporate income tax 140
Social Security and other payroll tax 461
Excise tax 55
Other miscellaneous receipts 58
Total 1,257

Outlays[]

The total outlays for FY1994 was 1.46 trillion dollars as authorized by congress.[1]

Deficit/Surplus[]

The budget had an estimated deficit for enacted legislation of $203 billion.
2.8% of GDP[1]


References[]

  1. ^ a b c d e f "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.
  2. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
  3. ^ "1999 Historical Tables" (PDF). Fiscal Year 1999 Budget Historical Tables. United States Office of Management and Budget. Table 2.1 - Receipts by Source: 1934-2003. Retrieved March 15, 2015.
  4. ^ "1999 Historical Tables" (PDF). The Budget for Fiscal Year 1999, Budget Historical Tables. United States Office of Management and Budget. Table 2.5 - Composition of "Other Receipts". Retrieved March 15, 2015.


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