Submitted by | Bill Clinton |
---|---|
Submitted to | 103rd Congress |
Total revenue | $1.35 trillion (actual) 17.8% of GDP (actual) [1] |
Total expenditures | $1.52 trillion (actual) 20% of GDP (actual) [1] |
Deficit | $164 billion (actual) 2.2% of GDP (actual) [1] |
Debt | $4.925 trillion (at
fiscal end) 64.9% of GDP [2] |
GDP | $7.583 trillion [1] |
‹
1994
1996› |
The 1995 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1995, which was October 1994 – September 1995. This budget was the last to be submitted before the Republican Revolution in the 1994 midterm elections.
(in billions of dollars)
Source | Actual [3] |
---|---|
Individual income tax | 590 |
Corporate income tax | 157 |
Social Security and other payroll tax | 484 |
Excise tax | 57 |
Other miscellaneous receipts | 63 |
Total | 1,351 |
The total outlays for FY1995 was 1.52 trillion dollars as authorized by congress. [1]
The budget had an estimated deficit for enacted legislation of $164 billion.
2.2% of GDP
[1]