US and its states finances 2002 2004

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US Budget Receipts and
Outlays, 2002-2004

Source: Financial
Management Service, US Dept. of Treasury; Congressional Budget Office

 

As quoted in:   2005 The
World Almanac & Book of Facts 2005 (World Almanac Education Group Inc.); pp
120-121

 

As of Oct. 2004, the estimate
from the Congressional Budget Office of the total US budget deficit for the
fiscal year 2004 was $413 billion, or 3.6% of GDP, an increase from the $374
billion deficit in 2003, and more than double the $158 billion deficit for 2002.

 

The following figures are in
millions of current dollars.  Many figures may not add up to totals because of
independent rounding or omitted subcategories, including some subcategories with
negative values.

 

Item

2002

[1]

2003

[1]

2004 
[1,2]

 

 

 

 

NET RECEIPTS

 

 

 

Individual Income Taxes

$858,345

$793,699

$808,958

Corporation Income taxes

148,044

131,778

189,370

Social insurance taxes and
contributions:

 

 

 

    Federal old-age and
survivors insurance

440,541

447,806

457,120

    Federal disability
insurance

74,780

76,036

77,624

    Federal hospital
insurance

149,049

147,186

150,589

    Railroad retirement
fund

4,177

3,954

       Total Employment
taxes and contributions

668,548

674,982

689,359

    Other insurance and
retirement:

 

 

 

    Unemployment

27,620

33,366

39,453

    Federal employees
retirement

4,533

4,578

4,545

    Non-federal employees

61

53

51

      Total social
insurance taxes and contributions

700,761

712,979

733,408

Excise taxes

66,989

67,522

69,851

Estate and gift taxes

26,507

21,959

24,831

Customs duties

18,602

19,862

21,083

Miscellaneous receipts

33,803

34,317

32,299

Deposits of earnings by
Federal Reserve Banks

23,683

21,878

19,652

      Net Budget
Receipts

1,853,296

1,782,115

1,879,799

 

 

 

 

NET OUTLAYS

 

 

 

Legislative Branch

3,230

3,428

3,880

The Judiciary

4,824

5,123

5,396

Executive Office of the
President:

 

 

 

    The White House office

58

60

58

     Office of Management
and Budget

71

62

64

         Total
Executive Office of the President

496

388

3,309

Total International
Assistance Program

13,309

13,466

13,788

Total Agriculture
Department

68,989

72,467

71,714

Total Commerce Department

5,322

5,680

5,853

Total Defence Department

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