Categories
Economic Indicators

Federal Finance – Illustration

Federal Finance – Illustration – Statistical Data Included

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 10 months of fiscal 2001, there was a surplus of $171.5

billion, compared with a surplus of $181.6 billion a year earlier.

[GRAPH OMITTED]

[Billions of dollars]

Total On-budget

Sur- Sur-

plus plus

Fiscal year Re- Outlays or de- Re- Outlays or de-

or period ceipts ficit ceipts ficit

(-) (-)

1984 666.5 851.9 -185.4 500.4 686.1 -185.7

1985 734.1 946.4 -212.3 547.9 769.6 -221.7

1986 769.2 990.5 -221.2 569.0 807.0 -238.0

1987 854.4 1,004.1 -149.8 641.0 810.3 -169.3

1988 909.3 1,064.5 -155.2 667.8 861.8 -194.0

1989 991.2 1,143.7 -152.5 727.5 932.8 -205.2

1990 1,032.0 1,253.2 -221.2 750.3 1,028.1 -277.8

1991 1,055.0 1,324.4 -269.4 761.2 1,082.7 -321.6

1992 1,091.3 1,381.7 -290.4 788.9 1,129.3 -340.5

1993 1,154.4 1,409.5 -255.1 842.5 1,142.9 -300.5

1994 1,258.6 1,461.9 -203.3 923.6 1,182.5 -258.9

1995 1,351.8 1,515.8 -164.0 1,000.8 1,227.2 -226.4

1996 1,453.1 1,560.6 -107.5 1,085.6 1,259.7 -174.1

1997 1,579.3 1,601.3 -22.0 1,187.3 1,290.7 -103.4

1998 1,721.8 1,652.6 69.2 1,306.0 1,336.0 -30.0

1999 1,827.5 1,702.9 124.6 1,383.0 1,382.1 .9

2000 2,025.2 1,788.8 236.4 1,544.6 1,458.1 86.6

2001 (esti-

mates)(r) 2,012.7 1,854.9 157.8 1,510.6 1,508.7 1.9

Cumulative

total,

first 10

months:

(l)

Fiscal

year 2000 1,667.4 1,485.8 181.6 1,266.3 1,227.0 39.3

Fiscal

year 2001 1,709.2 1,537.7 171.5 1,282.1 1,267.2 14.9

Federal debt (end

Off-budget of period)

Sur-

plus Held by

Fiscal year Re- Out- or de- Gross the

or period ceipts lays ficit Federal public

(-)

1984 166.1 165.8 0.3 1,564.7 1,307.0

1985 186.2 176.8 9.4 1,817.5 1,507.4

1986 200.2 183.5 16.7 2,120.6 1,740.8

1987 213.4 193.8 19.6 2,346.1 1,889.9

1988 241.5 202.7 38.8 2,601.3 2,051.8

1989 263.7 210.9 52.8 2,868.0 2,191.0

1990 281.7 225.1 56.6 3,206.6 2,411.8

1991 293.9 241.7 52.2 3,598.5 2,689.3

1992 302.4 252.3 50.1 4,002.1 3,000.1

1993 311.9 266.6 45.3 4,351.4 3,248.8

1994 335.0 279.4 55.7 4,643.7 3,433.4

1995 351.1 288.7 62.4 4,921.0 3,604.8

1996 367.5 300.9 66.6 5,181.9 3,734.5

1997 392.0 310.6 81.4 5,369.7 3,772.8

1998 415.8 316.6 99.2 5,478.7 3,721.6

1999 444.5 320.8 123.7 5,606.1 3,632.9

2000 480.6 330.8 149.8 5,629.0 3,410.1

2001 (esti-

mates)(r) 502.1 346.2 155.9 5,753.5 3,300.0

Cumulative

total,

first 10

months:

(l)

Fiscal

year 2000 401.1 258.8 142.3 5,613.3 3,432.6

Fiscal

year 2001 427.1 270.5 156.6 5,676.2 3,244.2

(1) Data from current issue Monthly Treasury Statement.

NOTE.–Data for fiscal 2001 are from Mid-Session Review, Budget of the

United States Government, Fiscal Year 2002, issued August 22, 2001.

Other data (except as noted) are from Budget of the United States

Government, Fiscal Year 2002, issued April 9, 2001.

Sources: Department of the Treasury and Office of the Management and

Budget.

FEDERAL RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION

In the first 10 months of fiscal 2001, receipts were $41.8 billion

higher than a year earlier and outlays were $51.9 billion higher.

[GRAPH OMITTED]

[Billions of dollars]

On-budget and off-budget receipts

Social

Indi- Corpo- insurance

Fiscal year vidual ration and

or period Total income income retire- Other

taxes taxes ment

receipts

1984 666.5 298.4 56.9 239.4 71.8

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 (estimates)(r) 2,012.7 1,014.3 155.4 689.4 153.6

Cumulative total,

first 10

months:(1)

Fiscal year 2000 1,667.4 832.0 159.2 544.5 131.8

Fiscal year 2001 1,709.2 861.0 140.5 584.1 123.5

On-budget and off-budget outlays

National Defense

Depart-

Fiscal year ment of Inter-

or period Total Total Defense, national Health

military affairs

1984 851.9 227.4 220.9 15.9 30.4

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 1,702.9 274.9 261.4 15.2 141.1

2000 1,788.8 294.5 281.2 17.2 154.5

2001 (estimates)(r) 1,854.9 303.6 288.3 16.6 173.8

Cumulative total,

first 10

months:(1)

Fiscal year 2000 1,485.8 240.8 230.4 16.4 126.1

Fiscal year 2001 1,537.7 250.4 239.0 14.9 142.4

On-budget and off-budget outlays

Income Social Net

Fiscal year Medi- Secu- secu- inte- Other

or period care rity rity rest

1984 57.5 112.7 178.2 111.1 118.6

1985 65.8 128.2 188.6 129.5 131.8

1986 70.2 119.8 198.8 136.0 142.2

1987 75.1 123.3 207.4 138.7 126.1

1988 78.9 129.4 219.3 151.8 139.7

1989 85.0 136.1 232.5 169.0 159.5

1990 98.1 147.1 248.6 184.4 204.2

1991 104.5 170.3 269.0 194.5 225.8

1992 119.0 197.0 287.6 199.4 174.7

1993 130.6 207.3 304.6 198.7 160.6

1994 144.7 214.1 319.6 203.0 174.7

1995 159.9 220.5 335.8 232.2 163.6

1996 174.2 226.0 349.7 241.1 171.0

1997 190.0 230.9 365.3 244.0 161.5

1998 192.8 233.2 379.2 241.2 193.2

1999 190.4 237.7 390.0 229.7 223.8

2000 197.1 247.9 409.4 223.2 244.9

2001 (estimates)(r) 217.4 265.1 433.5 204.2 240.7

Cumulative total,

first 10

months:(1)

Fiscal year 2000 163.8 208.8 340.2 190.2 199.4

Fiscal year 2001 177.7 223.5 360.5 179.5 188.7

(1) Data from current issue Monthly Treasury Statement.

NOTE.–Data for fiscal 2001 are from Mid-Session Review, Budget

of the United States Government, Fiscal Year 2002, issued August

22, 2001. Other data (except as noted) are from Budget of the

United States Government, Fiscal Year 2002, issued April 9, 2001.

Sources: Department of the Treasury and Office of Management

and Budget.

FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the second quarter of 2001, according to preliminary estimates,

Federal current receipts rose $5.3 billion (annual rate), while

Federal current expenditures rose $21.3 billion.

[GRAPH OMITTED]

[Billions of dollars; quarterly data at

seasonally adjusted annual rates]

Federal Government current receipts

Contri-

Personal Corpo- Indirect butions

tax and rate business for

Period Total nontax profits tax and social

receipts tax nontax insu-

accruals accruals rance

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

1998: I 1,708.0 805.8 205.1 96.0 601.1

II 1,733.8 825.0 203.4 96.5 608.9

III 1,768.9 844.8 208.3 98.6 617.2

IV 1,788.2 864.1 200.3 98.5 625.3

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 1,936.5 935.9 230.8 106.1 663.7

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(r) 2,092.7 1,059.6 199.8 111.1 722.1

Federal Government current expenditures

Grants-

in-aid to

Period Total Consumption Transfer 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

1998: I 1,688.4 444.2 727.9 205.2

II 1,700.8 456.5 726.3 206.4

III 1,703.2 449.9 729.7 209.9

IV 1,731.1 461.8 738.5 219.6

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 1,793.4 487.6 756.5 239.3

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(r) 1,903.4 509.8 822.5 281.2

Federal Government current

expenditures

Current

surplus

Subsidies or

less deficit

Net current Less: Wage (-),

Period interest surplus of accruals less national

paid Government disbursements income

enterprises and

product

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

1998: I 280.8 30.3 .0 19.6

II 280.0 31.6 .0 33.0

III 279.7 34.0 .0 65.7

IV 273.3 37.9 .0 57.0

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 263.7 46.3 .0 143.1

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(r) 242.2 47.7 .0 189.3

Source: Department of Commerce, Bureau of Economic Analysis.

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