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
1994 Actual Receipts by Source
- Individual income tax (43%)
- Social Security/other payroll tax (36.5%)
- Corporate income tax (11.1%)
- Excise tax (4.3%)
(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
The total outlays for FY1994 was 1.46 trillion dollars as authorized by congress.[1]
Deficit/Surplus
The budget had an estimated deficit for enacted legislation of $203 billion.
2.8% of GDP[1]
References
- ^ 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.
You must be logged in to post a comment.