| Submitted | April 9, 2001 [1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 107th 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 (atfiscal end) 57.0% of GDP[6] |
| GDP | $10.877 trillion[4] |
| Website | Office 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.
2002 Actual Receipts by Source
(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 |
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 |
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