2003 United Kingdom budget

2003 (2003) United Kingdom Budget

Parliament	53th
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	2005-06 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	2005-06 Expenditure (£bn)
Debt Interest	22
Defense	27
Education	59
Health	73
Housing & Enviroment	20
Industry, Agriculture, Employment	17
Law & Order	29
Other	46
Personal Social Services	17
Social Security	135
Transport	16
Total Government spending	461