1998 United States federal budget
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| Submitted | February 6, 1997 [1] |
|---|---|
| Submitted by | Bill Clinton |
| Submitted to | 105th Congress |
| Total revenue | $1.57 trillion (requested)[2] $1.72 trillion (actual)[3] 19.2% of GDP (actual)[4] |
| Total expenditures | $1.69 trillion (requested)[5] $1.65 trillion (actual)[6] 18.5% of GDP (actual)[4] |
| Surplus | $69.3 billion (actual)[6] 0.8% of GDP (actual)[4] |
| Debt | $5.478 trillion (at fiscal end) 61.2% of GDP[7] |
| GDP | $8.955 trillion[4] |
| Website | Government Publishing Office |
|
‹ 1997
1999 ›
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The United States Federal Budget for Fiscal Year 1998, was a spending request by President Bill Clinton to fund government operations for October 1997 – September 1998. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 1998, which must be authorized by Congress.
Total Receipts
1998 Actual Receipts by Source
Individual income tax (48.1%)
Corporate income tax (11.0%)
Excise tax (3.4%)
Other miscellaneous receipts (1.9%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 691 | 829 |
| Corporate income tax | 190 | 189 |
| Social Security and other payroll tax | 558 | 572 |
| Excise tax | 61 | 58 |
| Estate and gift taxes | 19 | 24 |
| Customs duties | 18 | 18 |
| Other miscellaneous receipts | 30 | 33 |
| Total | 1,567 | 1,722 |
Total Outlays
Outlays by budget function (in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $268,194 |
| 150 | International Affairs | $13,054 |
| 250 | General Science, Space and Technology | $18,172 |
| 270 | Energy | $1,270 |
| 300 | Natural Resources and Environment | $22,278 |
| 350 | Agriculture | $12,077 |
| 370 | Commerce and Housing Credit | $1,007 |
| 400 | Transportation | $40,343 |
| 450 | Community and Regional Development | $9,771 |
| 500 | Education, Training, Employment and Social Services | $50,512 |
| 550 | Health | $131,425 |
| 570 | Medicare | $192,822 |
| 600 | Income Security | $237,750 |
| 650 | Social Security | $379,215 |
| 700 | Veterans Benefits and Services | $41,741 |
| 750 | Administration of Justice | $23,359 |
| 800 | General Government | $15,544 |
| 900 | Net Interest | $241,118 |
| 920 | Allowances | $- |
| 950 | Undistributed Offsetting Receipts | $-47,194 |
| Total | $1,652,458 |
References
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- ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 4.0 4.1 4.2 4.3 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Budget of the United States Government, Fiscal Year 1998
- ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
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External links
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