2003 United Kingdom budget
Parliament | 53rd |
---|---|
Party | Labour |
Chancellor | Gordon Brown |
Total revenue | £423 billion‡ |
Total expenditures | £460 billion‡ |
Deficit | £37 billion‡ |
Website | Budget 2003 |
‡Numbers are projections. ‹ 2002 2004› |
The 2003 United Kingdom Budget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government budget for the year 2003.[1]
Details
Tax Revenue
Receipts | 2003-04 Revenues (£bn) |
---|---|
Business rates | 19 |
Corporation Tax | 29 |
Council Tax | 18 |
Excise Duties | 38 |
Income Tax | 119 |
NI | 73 |
VAT | 69 |
Other | 58 |
Total Government revenue | 423 |
Spending
Department | 2003-04 Expenditure (£bn) |
---|---|
Debt Interest | 22 |
Defense | 27 |
Education | 59 |
Health | 73 |
Housing & Environment | 20 |
Industry, Agriculture, Employment | 17 |
Law & Order | 29 |
Other | 46 |
Personal Social Services | 17 |
Social Security | 135 |
Transport | 16 |
Total Government spending | 461 |
References
- ^ "Budget 2003" (PDF). HM Revenue and Customs. Archived from the original (PDF) on 1 July 2007. Retrieved 3 October 2017.
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