Federal finance

Federal finance – Statistical Data Included

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 7 months of fiscal 2002, there was a deficit of $66.5 billion, compared with a surplus of $165.0 billion a year earlier.

[GRAPHIC OMITTED]

[Billions of dollars]

Total On-budget

Surplus

Fiscal year or period Receipts Outlays deficit Receipts

(-)

1985 734.1 946.4 -212.3 547.9

1986 769.2 990.5 -221.2 569.0

1987 854.4 1,004.1 -149.8 641.0

1988 909.3 1,064.5 -155.2 667.8

1989 991.2 1,143.7 -152.5 727.5

1990 1,032.0 1,253.2 -221.2 750.3

1991 1,055.0 1,324.4 -269.4 761.2

1992 1,091.3 1,381.7 -290.4 788.9

1993 1,154.4 1,409.5 -255.1 842.5

1994 1,258.6 1,461.9 -203.3 923.6

1995 1,351.8 1,515.8 -164.0 1,000.8

1996 1,453.1 1,560.6 -107.5 1,085.6

1997 1,579.3 1,601.3 -22.0 1,187.3

1998 1,721.8 1,652.6 69.2 1,306.0

1999 1,827.5 1,701.9 125.5 1,383.0

2000 2,025.2 1,788.8 236.4 1,544.6

2001 1,991.0 1,863.9 127.1 1,483.5

2002 (estimates) 1,946.1 2,052.3 -106.2 1,428.9

Cumulative total, first 7

months: (1)

Fiscal year 2001 1,253.6 1,088.6 165.0 957.1

Fiscal year 2002 1,116.4 1,182.8 -66.5 815.0

On-budget Off-budget

Surplus

Fiscal year or period Outlays deficit Receipts Outlays

(-)

1985 769.6 -221.7 186.2 176.8

1986 807.0 -238.0 200.2 183.5

1987 810.3 -169.3 213.4 193.8

1988 861.8 -194.0 241.5 202.7

1989 932.8 -205.2 263.7 210.9

1990 1,028.1 -277.8 281.7 225.1

1991 1,082.7 -321.6 293.9 241.7

1992 1,129.3 -340.5 302.4 252.3

1993 1,142.9 -300.5 311.9 266.6

1994 1,182.5 -258.9 335.0 279.4

1995 1,227.2 -226.4 351.1 288.7

1996 1,259.7 -174.1 367.5 300.9

1997 1,290.7 -103.4 392.0 310.6

1998 1,336.0 -30.0 415.8 316.6

1999 1,381.2 1.8 444.5 320.8

2000 1,458.1 86.6 480.6 330.8

2001 1,516.9 -33.4 507.5 347.0

2002 (estimates) 1,690.6 -261.7 517.2 361.7

Cumulative total, first 7

months: (1)

Fiscal year 2001 889.2 67.9 296.5 199.4

Fiscal year 2002 977.0 -162.0 301.4 205.9

Federal debt (end of

Off-budget period)

Surplus

or Gross Held by

Fiscal year or period deficit Federal the public

(-)

1985 9.4 1,817.5 1,507.4

1986 16.7 2,120.6 1,740.8

1987 19.6 2,346.1 1,889.9

1988 38.8 2,601.3 2,051.8

1989 52.8 2,868.0 2,191.0

1990 56.6 3,206.6 2,411.1

1991 52.2 3,598.5 2,689.3

1992 50.1 4,002.1 3,000.1

1993 45.3 4,351.4 3,248.8

1994 55.7 4,643.7 3,433.4

1995 62.4 4,921.0 3,604.8

1996 66.6 5,181.9 3,734.5

1997 81.4 5,369.7 3,772.8

1998 99.2 5,478.7 3,721.6

1999 123.7 5,606.1 3,632.9

2000 149.8 5,629.0 3,410.1

2001 160.5 5,770.3 3,320.0

2002 (estimates) 155.5 6,137.1 3,477.5

Cumulative total, first 7

months: (1)

Fiscal year 2001 97.1 5,617.4 3,273.2

Fiscal year 2002 95.5 5,952.0 3,388.8

(1) Data from current issue Monthly Treasury Statement.

NOTE.–Data (except as noted) are from Budget of the United States

Government, Fiscal Year 2003, issued February, 4, 2002.

Sources: Department of the Treasury and Office of Management and

Budget.

FEDERAL RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION

In the first 7 months of fiscal 2002, receipts were $137.2 billion lower than a year earlier and outlays were $94.2 billion higher.

[GRAPHIC OMITTED]

[Billions of dollars]

On-budget and off-budget receipts

Social

Indivi- Cor- insur-

Fiscal year or period Total dual pora- ance and Other

income tion retire-

taxes income ment

taxes receipts

1985 734.1 334.5 61.3 265.2 73.1

1986 769.2 349.0 63.1 283.9 73.2

1987 854.4 392.6 83.9 303.3 74.6

1988 909.3 401.2 94.5 334.3 79.3

1989 991.2 445.7 103.3 359.4 82.8

1990 1,032.0 466.9 93.5 380.0 91.5

1991 1,055.0 467.8 98.1 396.0 93.1

1992 1,091.3 476.0 100.3 413.7 101.4

1993 1,154.4 509.7 117.5 428.3 98.9

1994 1,258.6 543.1 140.4 461.5 113.7

1995 1,351.8 590.2 157.0 484.5 120.1

1996 1,453.1 656.4 171.8 509.4 115.4

1997 1,579.3 737.5 182.3 539.4 120.2

1998 1,721.8 828.6 188.7 571.8 132.7

1999 1,827.5 879.5 184.7 611.8 151.5

2000 2,025.2 1,004.5 207.3 652.9 160.6

2001 1,991.0 994.3 151.1 694.0 151.6

2002 (estimates) 1,946.1 949.2 201.4 708.0 87.4

Cumulative total, first

7 months: (1)

Fiscal year 2001 1,253.6 659.1 103.3 403.8 87.3

Fiscal year 2002 1,116.4 536.5 88.2 409.1 82.6

On-budget and off-budget outlays

National

defense

Depart- Inter-

Fiscal year or period Total Total ment of nation- Health

Defense, al

military affairs

1985 946.4 252.7 245.2 16.2 33.5

1986 990.5 273.4 265.5 14.2 35.9

1987 1,004.1 282.0 274.0 11.6 40.0

1988 1,064.5 290.4 281.9 10.5 44.5

1989 1,143.7 303.6 294.9 9.6 48.4

1990 1,253.2 299.3 289.8 13.8 57.7

1991 1,324.4 273.3 262.4 15.9 71.2

1992 1,381.7 298.4 286.9 16.1 89.5

1993 1,409.5 291.1 278.6 17.2 99.4

1994 1,461.9 281.6 268.6 17.1 107.1

1995 1,515.8 272.1 259.4 16.4 115.4

1996 1,560.6 265.8 253.2 13.5 119.4

1997 1,601.3 270.5 258.3 15.2 123.8

1998 1,652.6 268.5 256.1 13.1 131.4

1999 1,701.9 274.9 261.4 15.2 141.1

2000 1,788.8 294.5 281.2 17.2 154.5

2001 1,863.9 308.5 294.0 16.6 172.6

2002 (estimates) 2,052.3 348.0 330.6 23.5 195.2

Cumulative total, first

7 months: (1)

Fiscal year 2001 1,088.6 172.8 164.9 13.7 97.6

Fiscal year 2002 1,182.8 196.3 187.2 16.4 112.9

On-budget and off-budget outlays

Social

Fiscal year or period Medi- Income secu- Net Other

care security rity interest

1985 65.8 129.0 188.6 129.5 131.0

1986 70.2 120.6 198.8 136.0 141.4

1987 75.1 124.1 207.4 138.7 125.3

1988 78.9 130.4 219.3 151.8 138.7

1989 85.0 137.4 232.5 169.0 158.2

1990 98.1 148.7 248.6 184.4 202.6

1991 104.5 172.4 269.0 194.5 223.7

1992 119.0 199.5 287.6 199.4 172.2

1993 130.6 209.9 304.6 198.7 158.0

1994 144.7 217.1 319.6 203.0 171.7

1995 159.9 223.7 335.8 232.2 160.3

1996 174.2 229.7 349.7 241.1 167.3

1997 190.0 234.9 365.3 244.0 157.3

1998 192.8 237.7 379.2 241.2 188.8

1999 190.4 242.4 390.0 229.8 218.1

2000 197.1 253.5 409.4 223.0 239.5

2001 217.5 269.8 433.1 206.2 239.6

2002 (estimates) 226.4 310.7 459.7 178.4 310.4

Cumulative total, first

7 months: (1)

Fiscal year 2001 121.0 166.0 247.6 128.0 142.0

Fiscal year 2002 131.1 191.5 261.9 104.7 168.1

(1) Data from current issue Monthly Treasury Statement.

NOTE.–Data (except as noted) are form Budget of the United States

Government, Fiscal Year 2003, issued February 4, 2002.

Sources: Department of the Treasury and Office of Management

and Budget.

FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the first quarter of 2002, according to current estimates, Federal current receipts fell $101.7 billion (annual rate) and Federal current expenditures rose $60.1 billion.

[GRAPHIC OMITTED]

[Billions of dollars; quarterly data at seasonally

adjusted annual rates]

Federal Government current receipts

Indirect Contri-

Personal Corporate business butions

Period Total tax and profits tax and for

nontax tax ac- nontax social

receipts cruals accruals insurance

Calendar year:

1992 1,121.3 479.4 118.8 81.3 441.8

1993 1,197.3 509.9 138.5 85.3 463.7

1994 1,293.7 547.8 156.7 95.2 493.9

1995 1,383.7 591.8 179.3 93.0 519.6

1996 1,499.1 670.0 190.6 95.1 543.3

1997 1,625.5 751.9 203.0 93.7 577.0

1998 1,749.7 834.9 204.2 97.4 613.1

1999 1,872.8 903.3 218.3 100.6 650.6

2000 2,046.8 1,009.5 234.7 111.2 691.5

2001 2,028.2 1,010.1 186.5 110.9 720.6

1999: I 1,818.2 871.3 212.2 97.2 637.5

II 1,849.5 891.8 213.8 97.9 646.0

III 1,886.9 914.3 216.3 101.0 655.4

IV 2,026.7 1,031.8 166.4 109.5 719.1

2000: I 2,003.0 976.6 239.3 108.6 678.5

II 2,042.5 1,001.1 242.3 111.5 687.6

III 2,064.3 1,019.8 237.6 111.9 695.0

IV 2,077.5 1,040.5 219.4 112.7 704.9

2001: I 2,087.4 1,051.4 205.0 112.2 718.8

II 2,091.5 1,060.0 197.3 112.0 722.2

III 1,907.1 897.2 177.4 110.2 722.3

IV 2,026.7 1,031.8 166.4 109.5 719.1

2002: I (r) 1,925.0 901.9 183.0 108.6 731.5

Federal Government current expenditures

Grants-in-aid

Period Total Consumption Transfer to State

expenditures payments and local

governments

Calendar year:

1992 1,418.9 445.8 565.2 149.1

1993 1,471.5 442.6 597.9 162.6

1994 1,506.0 439.7 618.6 174.5

1995 1,575.7 439.2 652.1 184.5

1996 1,635.9 445.3 691.6 190.4

1997 1,678.8 456.9 717.5 196.8

1998 1,705.9 453.1 730.6 210.3

1999 1,753.6 469.6 746.1 230.5

2000 1,828.3 493.7 779.3 245.6

2001 1,909.2 514.1 831.7 274.2

1999: I 1,733.0 462.3 740.1 225.5

II 1,733.0 457.9 744.1 223.8

III 1,754.9 470.6 744.0 233.4

IV 1,929.3 525.0 853.1 285.0

2000: I 1,790.2 483.4 758.7 237.2

II 1,833.4 503.8 775.1 244.2

III 1,834.4 493.6 780.5 250.9

IV 1,855.0 494.1 802.9 250.1

2001: I 1,882.1 507.5 811.7 264.0

II 1,904.7 510.1 823.3 281.2

III 1,920.7 513.7 838.6 266.4

IV 1,929.3 525.0 853.1 285.0

2002: I (r) 1,989.4 551.3 895.3 293.8

Federal Government

current expenditures

Subsidies Current sur-

less plus or

Net current Less: Wage deficit (-),

Period interest surplus accruals less national

paid of disbursements income

Government and product

enterprises accounts

Calendar year:

1992 229.2 29.6 0.0 -297.5

1993 230.2 38.2 .0 -274.1

1994 239.6 33.6 .0 -212.3

1995 267.5 32.4 .0 -192.0

1996 273.6 35.1 .0 -136.8

1997 276.2 31.5 .0 -53.3

1998 278.5 33.4 .0 43.8

1999 263.9 43.4 .0 119.2

2000 262.9 46.8 .0 218.6

2001 236.9 52.4 .0 119.0

1999: I 265.3 39.9 .0 85.2

II 264.6 42.6 .0 116.5

III 262.1 44.9 .0 132.0

IV 219.1 47.1 .0 97.4

2000: I 264.2 46.7 .0 212.8

II 264.4 46.0 .0 209.1

III 262.9 46.5 .0 229.9

IV 259.9 48.1 .0 222.5

2001: I 253.5 45.4 .0 205.3

II 242.5 47.6 .0 186.7

III 232.5 69.5 .0 -13.6

IV 219.1 47.1 .0 97.4

2002: I (r) 205.3 43.6 .0 -64.4

Source: Department of Commerce, Bureau of Economic Analysis.