2002 United States federal budget

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Main article: United States federal budget
2002 (2002) Budget of the United States federal government
SubmittedApril 9, 2001 [1]
Submitted byGeorge W. Bush
Submitted to107th Congress
Total revenue$2.19 trillion (requested)[2]
$1.853 trillion (actual)[3]
17.0% of GDP (actual)[4]
Total expenditures$1.96 trillion (requested)
$2.01 trillion (actual)[5]
18.5% of GDP (actual)[4]
Deficit$157.8 billion (actual)[5]
1.5% of GDP (actual)[4]
Debt$6.198 trillion (at fiscal end)
57.0% of GDP[6]
GDP$10.877 trillion[4]
WebsiteOffice of Management and Budget
‹ 2001
2003 ›

The United States Federal Budget for Fiscal Year 2002, was a spending request by President George W. Bush to fund government operations for October 2001-September 2002. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2002, which must be authorized by Congress.

Total Receipts[]

2002 Actual Receipts by Source

  Individual income tax (46.32%)
  Social Security/other payroll tax (37.81%)
  Corporate income tax (7.99%)
  Excise tax (3.61%)
  Customs duties (1.0%)
  Estate and gift taxes (1.43%)
  Other miscellaneous receipts (1.83%)

(in billions of dollars)

Source Requested[2] Actual[3]
Individual income tax 1,079 858.3
Corporate income tax 219 148
Social Security and other payroll tax 726 700.7
Excise tax 74 67
Estate and gift taxes 29 26.5
Customs duties 23 18.6
Other miscellaneous receipts 43 33.9
Total 2,192 1,853

Total Outlays[]

Outlays by budget function (in millions)

Function Title Actual
050 National Defense $348,456
150 International Affairs $22,315
250 General Science, Space and Technology $20,734
270 Energy $475
300 Natural Resources and Environment $29,426
350 Agriculture $21,965
370 Commerce and Housing Credit $−407
400 Transportation $61,833
450 Community and Regional Development $12,981
500 Education, Training, Employment and Social Services $70,566
550 Health $196,497
570 Medicare $230,855
600 Income Security $312,720
650 Social Security $455,980
700 Veterans Benefits and Services $50,929
750 Administration of Justice $35,061
800 General Government $16,951
900 Net Interest $170,949
920 Allowances $-
950 Undistributed Offsetting Receipts $−47,392
Total $2,010,894

References[]

  1. ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. ^ a b "2002 Public Budget Database". Fiscal Year 2002 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  3. ^ a b "2004 Public Budget Database". Fiscal Year 2004 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  4. ^ a b c d "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. ^ a b "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
  6. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.

External links[]


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