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2003 United Kingdom budget

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2003 (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.

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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