1994 United States federal budget
| Submitted by | Bill Clinton |
|---|---|
| Submitted to | 103rd Congress |
| Total revenue | $1.26 trillion (actual) 17.5% of GDP (actual)[1] |
| Total expenditures | $1.46 trillion (actual) 20.3% of GDP (actual)[1] |
| Deficit | $203 billion (actual) 2.8% of GDP (actual)[1] |
| Debt | $4.643 trillion (at fiscal end) 64.5% of GDP[2] |
| GDP | $7.198 trillion[1] |
|
‹ 1993 1995› | |
The 1994 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1994, which was October 1993 – September 1994. This budget was the first federal budget submitted by Bill Clinton.
Receipts
[edit]1994 Actual Receipts by Source
Individual income tax (43.0%)
Corporate income tax (11.1%)
Excise tax (4.3%)
Other receipts (4.6%)
(in billions of dollars)
| Source | Actual[3] |
|---|---|
| Individual income tax | 543 |
| Corporate income tax | 140 |
| Social Security and other payroll tax | 461 |
| Excise tax | 55 |
| Other miscellaneous receipts | 58 |
| Total | 1,257 |
Outlays
[edit]The total outlays for FY1994 was 1.46 trillion dollars as authorized by congress.[1]
Deficit/Surplus
[edit]The budget had an estimated deficit for enacted legislation of $203 billion.
2.8% of GDP[1]
References
[edit]- ^ a b c d e f "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.
- ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
- ^ "1999 Historical Tables" (PDF). Fiscal Year 1999 Budget Historical Tables. United States Office of Management and Budget. Table 2.1 - Receipts by Source: 1934-2003. Retrieved March 15, 2015.
- ^ "1999 Historical Tables" (PDF). The Budget for Fiscal Year 1999, Budget Historical Tables. United States Office of Management and Budget. Table 2.5 - Composition of "Other Receipts". Retrieved March 15, 2015.
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