1994 United States federal budget

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.

1994 Budget of the United States federal government

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 ›

Receipts

<div style="border:solid transparent;position:absolute;width:100px;line-height:0;

1994 Actual Receipts by Source

  Individual income tax (43.0%)

  Social Security/other payroll tax (36.5%)

  Corporate income tax (11.1%)

  Excise tax (4.3%)

  Other receipts (4.6%)

(in billions of dollars)

Source	Actual[3] [4]
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

1. "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.
2. "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Archived from the original (PDF) on 2015-10-21. Retrieved October 28, 2015.
3. "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.
4. "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.