The United States Federal Budget for Fiscal Year 1998, was a spending request by President Bill Clinton to fund government operations for October 1997 – September 1998. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 1998, which must be authorized by Congress.
| Submitted | February 6, 1997 [1] |
|---|---|
| Submitted by | Bill Clinton |
| Submitted to | 105th Congress |
| Total revenue | $1.57 trillion (requested)[2] $1.72 trillion (actual)[3] 19.2% of GDP (actual)[4] |
| Total expenditures | $1.69 trillion (requested)[5] $1.65 trillion (actual)[6] 18.5% of GDP (actual)[4] |
| Surplus | $69.3 billion (actual)[6] 0.8% of GDP (actual)[4] |
| Debt | $5.478 trillion (at fiscal end) 61.2% of GDP[7] |
| GDP | $8.955 trillion[4] |
| Website | Government Publishing Office |
‹ 1997 1999› | |
Total Receipts
1998 Actual Receipts by Source
Individual income tax (48.1%)
Corporate income tax (11.0%)
Excise tax (3.4%)
Other miscellaneous receipts (1.9%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 691 | 829 |
| Corporate income tax | 190 | 189 |
| Social Security and other payroll tax | 558 | 572 |
| Excise tax | 61 | 58 |
| Estate and gift taxes | 19 | 24 |
| Customs duties | 18 | 18 |
| Other miscellaneous receipts | 30 | 33 |
| Total | 1,567 | 1,722 |
Total Outlays
Outlays by budget function(in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $268,194 |
| 150 | International Affairs | $13,054 |
| 250 | General Science, Space and Technology | $18,172 |
| 270 | Energy | $1,270 |
| 300 | Natural Resources and Environment | $22,278 |
| 350 | Agriculture | $12,077 |
| 370 | Commerce and Housing Credit | $1,007 |
| 400 | Transportation | $40,343 |
| 450 | Community and Regional Development | $9,771 |
| 500 | Education, Training, Employment and Social Services | $50,512 |
| 550 | Health | $131,425 |
| 570 | Medicare | $192,822 |
| 600 | Income Security | $237,750 |
| 650 | Social Security | $379,215 |
| 700 | Veterans Benefits and Services | $41,741 |
| 750 | Administration of Justice | $23,359 |
| 800 | General Government | $15,544 |
| 900 | Net Interest | $241,118 |
| 920 | Allowances | $- |
| 950 | Undistributed Offsetting Receipts | $−47,194 |
| Total | $1,652,458 |