1999 United States federal budget
Appearance
This article needs additional citations for verification. (February 2011) |
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
The United States Federal Budget for 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
[edit]1999 Actual Receipts by Source
Individual income tax (48.1%)
Corporate income tax (10.1%)
Excise tax (3.8%)
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
[edit]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
[edit]- ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
- ^ a b "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.
- ^ a b "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.
- ^ 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.
- ^ Budget of the United States Government, Fiscal Year 2001
- ^ a b "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
- ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
- ^ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)
- ^ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)