1999 United States federal budget

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.

1999 (1999) Budget of the United States federal government
SubmittedFebruary 2, 1998 [1]
Submitted byBill Clinton
Submitted to105th 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]
WebsiteOffice of Management and Budget
 1998
2000

Total Receipts

1999 Actual Receipts by Source

  Social Security/other payroll tax (33.5%)
  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
050National Defense$274,769
150International Affairs$15,239
250General Science, Space and Technology$18,084
270Energy$911
300Natural Resources and Environment$23,943
350Agriculture$22,879
370Commerce and Housing Credit$2,641
400Transportation$42,532
450Community and Regional Development$11,865
500Education, Training, Employment and Social Services$50,605
550Health$141,048
570Medicare$190,447
600Income Security$242,478
650Social Security$390,037
700Veterans Benefits and Services$43,155
750Administration of Justice$26,536
800General Government$15,363
900Net Interest$229,755
920Allowances$-
950Undistributed 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. "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. "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. "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. "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. Archived from the original (PDF) on 2015-10-21. 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)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.