 | |
| Parliament | 53rd |
|---|---|
| Party | Labour |
| Chancellor | Gordon Brown |
| Total revenue | £451 billion‡ |
| Total expenditures | £485 billion‡ |
| Deficit | £34 billion‡ |
| Website | Budget 2004 |
| ‡Numbers are projections. ‹ 2003 2005 › | |
The 2004 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 2004. [1]
| Receipts | 2004-05 Revenues (£bn) |
|---|---|
| Business rates | 19 |
| Corporation Tax | 33 |
| Council Tax | 20 |
| Excise Duties | 40 |
| Income Tax | 127 |
| NI | 78 |
| VAT | 74 |
| Other | 61 |
| Total Government revenue | 452 |
| Department | 2004-05 Expenditure (£bn) |
|---|---|
| Debt Interest | 24 |
| Defense | 27 |
| Education | 64 |
| Health | 82 |
| Housing & Environment | 16 |
| Industry, Agriculture, Employment | 19 |
| Law & Order | 29 |
| Other | 44 |
| Personal Social Services | 22 |
| Social Security | 140 |
| Transport | 18 |
| Total Government spending | 485 |
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