[Budget of the United States Government]
[IV. Summary Tables]
[From the U.S. Government Publishing Office, www.gpo.gov]


[[Page 223]]


                                      Table S-1.  President's 10-Year Plan
                                            (In billions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                                                     Total 2002-
                                                                                                         2011
----------------------------------------------------------------------------------------------------------------
Baseline surplus...................................................................................        5,637
  Social Security surplus..........................................................................        2,591
  Tax relief.......................................................................................        1,612

  Additional needs, debt service, and contingencies:
    Immediate Helping Hand and Medicare modernization..............................................          153
    Additional spending and other..................................................................           19
    Debt service...................................................................................          420
    Contingencies..................................................................................          841

Memorandum:
  Maximum debt retirement..........................................................................        2,017
----------------------------------------------------------------------------------------------------------------


[[Page 224]]


                                                                                   Table S-2.  Proposed Policy
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                      Estimate                                                     Totals
                                                                        ------------------------------------------------------------------------------------------------------------------------
                                                                           2001     2002     2003     2004     2005     2006     2007     2008     2009     2010     2011   2002-2006  2002-2011
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Baseline unified surplus...............................................      284      283      334      387      439      515      585      651      725      814      903      1,958      5,637

Policy changes:
  Tax package..........................................................       -*      -29      -66      -99     -132     -169     -193     -208     -221     -243     -251       -495     -1,612
  Discretionary programs...............................................       -1       -8       -5       -6       -8       -4        1       -*       -1       -*       -1        -31        -28
  Immediate Helping Hand and Medicare modernization....................       -3      -11      -13      -15      -13      -13      -13      -16      -17      -20      -24        -64       -153
  Other mandatory initiatives and offsets..............................  .......       -2       -2        6        2        4       -1       -*        *        *        1          8          9
  Debt service.........................................................       -*       -2       -6      -12      -20      -29      -40      -54      -69      -86     -104        -68       -420
                                                                        ------------------------------------------------------------------------------------------------------------------------
Total, policy changes..................................................       -3      -52      -92     -125     -170     -211     -246     -278     -305     -349     -377       -649     -2,204

Debt reduction and reserve for contingencies \1\.......................      281      231      242      262      269      305      340      373      420      465      526      1,309      3,433
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.

\1\ The actual amount of annual debt retirement will vary depending upon the availability of eligible redeemable debt, and the use, if any, of the contingency reserve.


[[Page 225]]


                                                               Table S-3.  Budget Summary
                                                                (In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                   Estimate                                                      Total
                                ------------------------------------------------------------------------------------------------------------------------
                                   2001      2002      2003      2004      2005      2006      2007      2008      2009      2010      2011    2002-2011
--------------------------------------------------------------------------------------------------------------------------------------------------------
Outlays:
  Discretionary................       649       692       712       731       754       770       787       809       830       854       877      7,816
  Mandatory:
    Social Security............       430       452       474       498       524       553       584       618       656       698       744      5,801
    Medicare...................       216       226       239       252       279       292       314       336       358       384       419      3,100
    Medicaid...................       129       142       153       166       181       196       214       232       253       275       298      2,109
    Other mandatory............       226       260       264       268       286       285       296       312       324       336       349      2,981
                                ------------------------------------------------------------------------------------------------------------------------
  Subtotal, mandatory..........     1,001     1,081     1,129     1,184     1,270     1,326     1,408     1,498     1,591     1,693     1,810     13,991
  Net interest.................       206       188       175       161       145       127       109        90        69        46        20      1,130
                                ------------------------------------------------------------------------------------------------------------------------
Total outlays..................     1,856     1,961     2,016     2,077     2,169     2,224     2,303     2,398     2,490     2,593     2,706     22,938
Receipts.......................     2,137     2,192     2,258     2,339     2,438     2,529     2,643     2,771     2,910     3,058     3,233     26,370
                                ------------------------------------------------------------------------------------------------------------------------
  Unified surplus..............       281       231       242       262       269       305       340       373       420       465       526      3,433
  On-budget surplus/contingency       125        59        49        52        32        52        69        85       117       142       184        841
  Off-budget surplus...........       156       172       193       211       237       252       270       287       303       323       343      2,591
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 226]]


                           Table S-4.  Bridge to 2002 Proposed Discretionary Spending
                                 (Budget authority, dollar amounts in billions)
----------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------
2001 Enacted.......................................................................................        634.9

Department of Defense:
  Additions:
    Campaign initiatives...........................................................................          4.4
    Pay, inflation, health, and other..............................................................          9.7

Non-Department of Defense:
  Additions:
    Campaign initiatives...........................................................................         10.9
    Pay and programmatic increases.................................................................          9.3
    National Emergency Reserve.....................................................................          5.6
    Technical adjustments (contract renewals, new advances, etc.)..................................          5.6
  Offsets:
    Non-repetition of earmarked funding............................................................         -4.3
    Non-repetition of one-time funding.............................................................         -4.1
    Program decreases..............................................................................        -11.5

2002 Total Discretionary...........................................................................        660.6
                                                                                                    ------------
2002 Discretionary Baseline........................................................................        660.6
----------------------------------------------------------------------------------------------------------------

          Increase over 2001 Enacted...............................................................         25.7

          Percentage Increase......................................................................         4.0%
----------------------------------------------------------------------------------------------------------------


[[Page 227]]


                                  Table S-5.  Discretionary Policy Initiatives
                                   (Budget authority, in billions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                                                 Totals
                                                                               2002    -------------------------
                                                                             Estimate    2002-2006    2002-2011
----------------------------------------------------------------------------------------------------------------
Strengthen and Reform Education..........................................          3.6         19.9         42.6
Revitalize National Defense..............................................          4.4         39.6         95.4
Champion Compassionate Conservatism......................................          0.7          5.0         11.4
Assist Americans with Disabilities.......................................          0.3          1.4          3.0
Combat Crime and Drug Abuse..............................................          1.4          6.3         12.2
Create a Comprehensive Energy Policy and Protect the Environment.........          1.4          6.6         13.1
Strengthen Families......................................................          0.3          1.4          2.5
Invest in Health Care....................................................          2.9         33.5         77.5
Reform the Immigration System............................................          0.2          1.2          2.1
Promote Volunteerism.....................................................          0.2          1.3          2.9
                                                                          --------------------------------------
    Total, Discretionary Initiatives.....................................         15.3        116.2        262.6
----------------------------------------------------------------------------------------------------------------
Note: Totals in this table differ from those in A Blueprint for New Beginnings due to the subsequent development
  of detailed budget and outyear estimates.


[[Page 228]]


                                                  Table S-6.  Discretionary Budget Authority by Agency
                                                              (Dollar amounts in billions)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                         Actual                         Estimate                              Average
                         Agency                         -----------------------------------------------------------------  Change: 2001    Growth: 1998
                                                             1998         1999         2000         2001         2002         to 2002         to 2002
--------------------------------------------------------------------------------------------------------------------------------------------------------
Agriculture............................................         15.8         16.5         17.1         19.3         17.9            -1.4            3.1%
Commerce \1\...........................................          4.2          5.4          8.7          5.1          4.8            -0.4            3.3%
Defense................................................        259.8        274.6        287.3        296.3        310.5            14.1            4.5%
Education..............................................         29.8         28.8         29.4         39.9         44.5             4.6           10.6%
Energy.................................................         16.8         17.9         17.8         19.7         19.2            -0.5            3.4%
Health and Human Services..............................         37.1         41.5         45.5         53.9         56.7             2.8           11.2%
Housing and Urban Development..........................         20.1         22.5         21.1         28.5         30.4             1.9           10.9%
Interior...............................................          8.1          8.0          8.5         10.2          9.8            -0.4            5.1%
International Affairs Programs \2\.....................         18.2         22.3         22.7         21.9         23.1             1.2            6.2%
Justice................................................         17.6         18.4         18.8         20.9         19.9            -1.1            3.1%
Labor..................................................         10.7         11.0          8.8         11.9         11.3            -0.6            1.4%
Transportation.........................................         15.0         12.9         14.5         18.4         16.3            -2.1            2.0%
Treasury...............................................         11.5         12.8         12.5         14.0         14.7             0.7            6.4%
Veterans Affairs.......................................         18.9         19.2         20.9         22.4         23.4             1.0            5.5%
Corps of Engineers.....................................          4.2          4.1          4.1          4.5          3.9            -0.6           -1.7%
Environmental Protection Agency........................          7.4          7.6          7.6          7.8          7.3            -0.5           -0.2%
Federal Emergency Management Agency....................          2.4          2.9          3.9          2.4          2.2            -0.2           -2.4%
National Aeronautics and Space Administration..........         13.6         13.7         13.6         14.3         14.5             0.3            1.5%
National Science Foundation............................          3.4          3.7          3.9          4.4          4.5             0.1            6.8%
Small Business Administration..........................          0.7          0.8          0.9          0.3          0.5             0.3           -6.9%
Social Security Administration.........................          5.5          5.5          5.7          6.0          6.4             0.3            3.9%
Legal Services Corporation.............................          0.3          0.3          0.3          0.3          0.3  ..............            3.8%
National Endowment for the Arts........................          0.1          0.1          0.1          0.1          0.1  ..............            1.7%
National Endowment for the Humanities..................          0.1          0.1          0.1          0.1          0.1               *            2.2%
Smithsonian Institution................................          0.4          0.4          0.4          0.5          0.5               *            5.3%
Other Agencies.........................................         10.2         11.4         10.4         11.7         12.2             0.5            4.4%
National Emergency Reserve.............................  ...........  ...........  ...........  ...........          5.6             5.6  ..............
                                                        ------------------------------------------------------------------------------------------------
  Total................................................        531.9        562.2        584.4        634.9        660.6            25.7            5.6%
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.

\1\ 2000 Commerce data includes funding for Census 2000.

\2\ International Affairs Program totals do not include P.L. 480 Title II food aid, which is included in the totals for Agriculture; 1999 data is also
  adjusted to remove $18.2 billion in one-time funding for the International Monetary Fund.


[[Page 229]]


                                           Table S-7.  Discretionary Proposals By Appropriations Subcommittee
                                                                (In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                2000 Enacted          2001 Estimate         2002 Proposed     Change: 2002 to 2000  Change: 2002 to 2001
        Appropriations Subcommittee        -------------------------------------------------------------------------------------------------------------
                                                BA      Outlays       BA      Outlays       BA      Outlays       BA      Outlays       BA      Outlays
--------------------------------------------------------------------------------------------------------------------------------------------------------
Agriculture and Rural Development.........       15.0       14.7       16.1       16.3       15.4       16.4        0.4        1.6       -0.7        0.1
Commerce, Justice, State, and the                38.8       36.9       37.6       37.5       37.9       39.6       -1.0        2.7        0.2        2.1
 Judiciary................................
Defense...................................      278.8      273.5      287.5      276.2      301.0      296.1       22.1       22.6       13.4       19.9
District of Columbia......................        0.5        0.4        0.5        0.5        0.3        0.3       -0.1       -0.1       -0.1       -0.1
Energy and Water Development..............       21.6       21.7       23.6       23.3       22.5       23.2        0.9        1.4       -1.1       -0.1
Foreign Operations........................       16.2       14.8       14.9       15.7       15.2       15.7       -1.1        0.9        0.3          *
Interior and Related Agencies.............       15.4       15.6       19.0       17.9       18.1       18.3        2.7        2.7       -0.9        0.4
Labor, Health and Human Services, and            87.1       87.4      109.4      100.3      116.4      110.3       29.3       22.9        7.0       10.0
 Education................................
Legislative...............................        2.5        2.5        2.7        2.6        3.0        3.0        0.5        0.5        0.3        0.3
Military Construction.....................        8.7        8.5        9.0        8.9        9.6        8.6        1.0        0.1        0.7       -0.3
Transportation and Related Agencies.......       14.4       44.0       18.3       48.2       16.2       52.7        1.9        8.6       -2.0        4.4
Treasury and General Government...........       13.7       13.7       15.8       16.1       16.6       16.3        2.9        2.6        0.8        0.2
Veterans Affairs and Housing and Urban           71.8       81.1       80.7       85.9       83.1       89.0       11.4        8.0        2.4        3.1
 Development..............................
Allowances................................  .........  .........  .........  .........        5.3        2.4        5.3        2.4        5.3        2.4
                                           -------------------------------------------------------------------------------------------------------------
  Total...................................      584.4      614.8      634.9      649.4      660.6      691.7       76.2       76.9       25.7       42.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.


[[Page 230]]


                                                   Table S-8.  Proposed Discretionary Spending Limits
                                                                (In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                       Estimate
                                                                                             -----------------------------------------------------------
                                                                                                2001      2002      2003      2004      2005      2006
--------------------------------------------------------------------------------------------------------------------------------------------------------
Original Balanced Budget Act Limits:
   Budget authority.........................................................................     542.0     552.8       1.9       2.1       2.2       2.4
   Outlays..................................................................................     595.8     594.7      35.9       2.0       2.2       2.4

Spending in excess of Original Caps:
   Budget authority.........................................................................      92.9     107.8  ........  ........  ........  ........
   Outlays..................................................................................      53.6      97.0  ........  ........  ........  ........

Actual and Proposed Discretionary Spending Limits: \1\
   Budget authority.........................................................................     634.9     660.6     685.1     702.7     720.1     737.9
   Outlays..................................................................................     649.4     691.7     711.8     731.2     754.5     770.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Data for 2001 is a current estimate and is not a proposed discretionary spending limit.


[[Page 231]]


                                                                                 Table S-9.  Mandatory Proposals
                                                                                    (In millions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                               Estimate                                                            Totals
                                                           -------------------------------------------------------------------------------------------------------------------------------------
                                                              2001      2002      2003      2004      2005      2006      2007      2008      2009       2010       2011    2002-2006  2002-2011
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Immediate Helping Hand Prescription Drug Plan and Medicare     2,500    11,200    12,900    14,800    12,500    12,800    13,400    15,500    16,700     19,700     23,500     64,200    153,000
 Reform...................................................

Charity and other initiatives:
   Education:
     Expand Teacher Loan Forgiveness......................  ........        11         5         5         5         6         6         6         6          7          7         32         64

   HHS:
     Child Welfare Preventative Services..................  ........        30       158       192       196       200       200       200       200        200        200        776      1,776
     Education and Training for Older Foster Children.....  ........         9        46        58        60        60        60        60        60         60         60        233        533
     Charity State Tax Credit, TANF outlays...............  ........  ........       400       300       150  ........  ........      -200      -200       -200       -250        850  .........

  Interior:
    Use recreation fees to reduce NPS backlog (NPS/FWS/     ........  ........       -39        -2        49        80       134        92        44  .........  .........         88        358
     BLM).................................................
    Correct trust accounting deficiencies (individual       ........         7  ........  ........  ........  ........  ........  ........  ........  .........  .........          7          7
     Indian money investments)............................
  Justice:
    Radiation exposure compensation.......................  ........        97       155       150       108        68        55        40        20         12          5        578        710
  Treasury:
    Tax credits...........................................  ........        81     2,129     1,674     2,619     2,987     3,424     3,423     3,385      3,342      3,302      9,490     26,366
  Reclassification of advance appropriations:
    Postal Service........................................  ........        67  ........  ........  ........  ........  ........  ........  ........  .........  .........         67         67
    Elk Hills school lands fund...........................  ........        36  ........  ........  ........  ........  ........  ........  ........  .........  .........         36         36
                                                           -------------------------------------------------------------------------------------------------------------------------------------
      Total, other initiatives............................  ........       338     2,854     2,377     3,187     3,401     3,879     3,621     3,515      3,421      3,324     12,157     29,917
Offsets:
   Agriculture:
     Long-term recreation fee program with four-year        ........  ........       -25       -13        -2        -2        28        13         1  .........  .........        -42  .........
     reauthorization......................................

   Energy:
     ANWR, lease bonuses..................................  ........  ........  ........    -1,200  ........  ........  ........  ........  ........  .........  .........     -1,200     -1,200

   HHS:
     Medicaid savings proposals...........................  ........      -606    -1,071    -1,450    -1,844    -1,906    -1,965    -2,024    -2,098     -2,170     -2,242     -6,876    -17,374

   Interior:
    ANWR, lease bonuses:
      State of Alaska's share:
         Receipts.........................................  ........  ........  ........    -1,201        -1        -1        -1        -1        -1         -1         -1     -1,203     -1,208
         Expenditure......................................  ........  ........  ........     1,201         1         1         1         1         1          1          1      1,203      1,208
       Federal share......................................  ........  ........  ........        -1        -1        -1        -1        -1        -1         -1         -1         -3         -8


[[Page 232]]


   Veterans Affairs:
     OBRA Extenders:
       IRS income verification on means tested veterans     ........  ........  ........        -6        -6        -6        -6        -6        -6         -6         -6        -18        -48
       and survivors benefits.............................
       Round-down disability benefits to nearest dollar     ........  ........       -15       -37       -60       -85      -107      -133      -163       -188       -208       -196       -996
       after COLA.........................................
       Limit VA pensions to Medicaid recipients in nursing  ........  ........  ........  ........  ........  ........  ........  ........      -127       -138       -149  .........       -415
       homes (includes Medicaid offsets)..................
       Continue current housing loan fees.................  ........  ........  ........  ........  ........  ........  ........  ........      -275       -280       -286  .........       -841
     Eliminate ``Vendee'' loan program....................  ........        19        -9       -12       -21       -26       -29       -34       -37        -36        -40        -49       -225

   Army Corps of Engineers:
     Recreation user fee increase.........................  ........       -10        -5        -5        -5  ........  ........  ........  ........  .........  .........        -25        -25

   FCC:
    Shift spectrum auction deadlines and promote clearing.  ........     2,600     1,000    -5,100    -2,000    -4,000  ........  ........  ........  .........  .........     -7,500     -7,500
     Analog spectrum lease fee............................  ........      -198      -200      -200      -200      -200      -175      -150       -75        -25  .........       -998     -1,423

   FDIC:
     State Bank Examination fees:
       Reduction in FDIC outlays..........................  ........       -92       -97      -101      -106      -112      -118      -123      -129       -136       -143       -508     -1,157
  FEMA:
     Phase out subsidized premiums for non-primary          ........       -12       -41       -93      -194      -334      -410      -416      -421       -421       -421       -674     -2,763
     residences in the flood insurance program............
    Reform flood insurance program for repetitive loss      ........  ........       -20       -30       -38       -43       -46       -49       -51        -53        -55       -131       -385
     properties that experience chronic flooding..........

   OPM:
     Extend higher agency contributions to the Civil        ........  ........      -469      -482      -449      -415      -380      -343      -306       -268       -222     -1,815     -3,334
     Service Retirement Fund..............................
   Other:
    Indirect impact of other proposals....................  ........  ........        -2        -4        -7        -7        -6        -3        -4         -4         -7        -20        -44
                                                           -------------------------------------------------------------------------------------------------------------------------------------
      Total, offsets......................................  ........     1,631    -1,028    -8,810    -5,012    -7,220    -3,303    -3,361    -3,788     -3,827     -3,885    -20,439    -38,604
                                                           =====================================================================================================================================
  Total, mandatory proposals                                   2,500    13,239    14,800     8,443    10,754     9,064    14,064    15,852    16,523     19,395     23,044     56,300    145,178
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 233]]


                                                                          Table S-10.  Effect of Proposals on Receipts
                                                                                    (In millions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           Estimate                                                               Totals
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
                                                        2001     2002      2003      2004       2005       2006       2007       2008       2009       2010       2011    2002-2006   2002-2011
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
President's Tax Plan presented to Congress on
 February 8th:
  Create new 10-percent individual income tax         .......    -5,678   -13,847   -21,932    -29,849    -37,407    -39,734    -40,281    -40,602    -40,685    -40,603   -108,713     -310,618
   bracket..........................................
  Reduce individual income tax rates................  .......   -11,793   -21,047   -33,493    -42,306    -57,299    -63,741    -65,454    -67,020    -68,550    -69,963   -165,938     -500,666
  Increase the child tax credit \1\.................  .......    -1,238    -7,505   -11,455    -16,347    -20,963    -25,296    -26,277    -27,098    -27,876    -28,602    -57,508     -192,657
  Reduce the marriage penalty.......................  .......    -1,435    -4,844    -7,773    -10,343    -12,675    -14,125    -14,645    -15,154    -15,657    -16,183    -37,070     -112,834
  Provide charitable contribution deduction for       .......      -482    -1,690    -2,963     -4,448     -6,065     -6,988     -7,087     -7,306     -7,500     -7,642    -15,648      -52,171
   nonitemizers.....................................
  Permit tax-free withdrawals from IRAs for           .......       -53      -181      -195       -210       -225       -241       -258       -277       -299       -322       -864       -2,261
   charitable contributions.........................
  Raise the cap on corporate charitable               .......       -85      -136      -136       -143       -149       -159       -169       -178       -202       -222       -649       -1,579
   contributions....................................
  Increase and expand education savings accounts....  .......        -3       -25       -88       -204       -373       -593       -829     -1,037     -1,206     -1,287       -693       -5,645
  Permanently extend the R&E tax credit.............  .......  ........  ........    -1,055     -3,431     -5,415     -6,543     -7,388     -8,019     -8,567     -9,158     -9,901      -49,576
  Phase out death tax...............................     -154    -4,930   -10,435   -11,442    -13,411    -16,263    -21,152    -30,603    -38,369    -55,691    -58,961    -56,481     -261,257
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
    Total, President's Tax Plan presented to             -154   -25,697   -59,710   -90,532   -120,692   -156,834   -178,572   -192,991   -205,060   -226,233   -232,943   -453,465   -1,489,264
     Congress on February 8th \1\...................

Provide refundable tax credit for the purchase of     .......      -219    -1,513    -3,966     -5,796     -6,143     -6,777     -7,007     -7,101     -7,153     -7,183    -17,637      -52,858
 health insurance \1\...............................
Additional tax incentives \2\.......................      -18    -1,812    -3,602    -4,322     -5,090     -6,001     -7,340     -8,406     -9,255     -9,997    -10,706    -20,827      -66,531
One-year extension of provisions expiring in 2001     .......    -1,614    -1,355      -170        -94        -66        -37        -20        -18        -18        -18     -3,299       -3,410
 \2\................................................
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
  Total tax reduction \1\, \2\......................     -172   -29,342   -66,180   -98,990   -131,672   -169,044   -192,726   -208,424   -221,434   -243,401   -250,850   -495,228   -1,612,063

Other provisions that affect receipts:
  Recover State bank supervision and regulation       .......        70        74        76         80         84         88         92         96        101        105        384          866
   expenses \1\, \2\................................
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Affects both receipts and outlays. Only the receipt effect is shown here; the outlay effect is shown in Table S-9.

\2\ Net of income offsets.


[[Page 234]]


                                                                            Table S-11.  Receipts by Source--Summary
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                 Estimate
                                                         2000   Actual  ------------------------------------------------------------------------------------------------------------------------
                                                                            2001       2002       2003       2004       2005       2006       2007       2008       2009       2010       2011
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Individual income taxes...............................       1,004.5       1,072.9    1,078.8    1,092.3    1,117.9    1,157.0    1,196.6    1,255.2    1,330.4    1,410.2    1,499.6    1,598.2
Corporation income taxes..............................         207.3         213.1      218.8      227.3      235.5      244.2      252.2      259.9      268.1      275.8      283.5      294.3
Social insurance and retirement receipts .............         652.9         689.7      725.8      766.0      806.0      855.8      896.4      942.0      984.4    1,030.8    1,087.9    1,145.1
  (On-budget).........................................       (172.3)       (185.8)    (194.9)    (205.2)    (215.8)    (226.8)    (237.9)    (248.7)    (258.2)    (269.8)    (284.3)    (298.8)
  (Off-budget)........................................       (480.6)       (503.9)    (530.9)    (560.8)    (590.3)    (629.0)    (658.5)    (693.3)    (726.2)    (761.0)    (803.5)    (846.3)
Excise taxes..........................................          68.9          71.1       74.0       76.3       78.3       80.5       82.3       84.8       87.3       90.0       92.8       95.7
Estate and gift taxes.................................          29.0          31.1       28.7       26.6       28.3       24.9       22.5       20.4       15.7       13.4        0.7        0.7
Customs duties........................................          19.9          21.4       22.5       24.3       25.0       26.0       27.7       29.3       30.7       33.0       34.5       36.2
Miscellaneous receipts................................          42.8          37.6       43.1       45.4       47.8       49.3       51.0       51.6       54.1       56.8       59.5       62.4
                                                       -----------------------------------------------------------------------------------------------------------------------------------------
Total receipts........................................       2,025.2       2,136.9    2,191.7    2,258.2    2,338.8    2,437.8    2,528.7    2,643.3    2,770.6    2,909.9    3,058.4    3,232.6
  (On-budget).........................................     (1,544.6)     (1,633.1)  (1,660.8)  (1,697.4)  (1,748.5)  (1,808.8)  (1,870.2)  (1,950.0)  (2,044.4)  (2,148.9)  (2,254.9)  (2,386.3)
  (Off-budget)........................................       (480.6)       (503.9)    (530.9)    (560.8)    (590.3)    (629.0)    (658.5)    (693.3)    (726.2)    (761.0)    (803.5)    (846.3)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 235]]


                                                                        Table S-12.  Budget Authority Totals by Function
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                         Estimate
                                                  Function                                                       2000    -----------------------------------------------------------------------
                                                                                                               Actual        2001        2002        2003        2004        2005        2006
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
National defense............................................................................................      304.1       310.6       325.1       333.9       342.8       352.2       361.9
International affairs.......................................................................................       22.6        18.6        22.3        22.8        22.9        23.6        24.4
General science, space, and technology......................................................................       19.3        21.0        21.4        22.1        22.5        22.9        23.5
Energy......................................................................................................       -1.2        -0.9        -0.4        -0.2        -0.5        -0.4        -0.2
Natural resources and environment...........................................................................       25.0        28.5        26.6        27.2        27.9        27.9        27.7
Agriculture.................................................................................................       33.7        29.3        15.8        14.2        14.1        14.5        14.9
Commerce and housing credit.................................................................................       15.4        -6.5        10.3         8.4         6.7         6.6         6.6
  On-Budget.................................................................................................      (11.7)     (-11.3)       (7.8)       (6.5)       (5.8)       (5.7)       (5.6)
  Off-Budget................................................................................................       (3.7)       (4.8)       (2.5)       (1.9)       (0.9)       (0.9)       (1.0)
Transportation..............................................................................................       55.4        61.5        62.1        60.0        61.5        63.1        64.8
Community and regional development..........................................................................       11.3        10.4        10.1        10.4        10.5        10.7        10.9
Education, training, employment, and social services........................................................       55.2        70.3        98.5        82.0        84.1        86.7        89.3
Health......................................................................................................      161.5       181.4       204.9       230.0       246.3       254.1       268.1
Medicare....................................................................................................      200.6       219.0       229.9       242.3       255.6       282.9       296.3
Income security.............................................................................................      243.6       261.9       277.1       286.4       298.1       310.6       319.2
Social security.............................................................................................      412.0       435.3       456.8       479.1       503.8       530.3       559.3
  On-Budget.................................................................................................      (13.3)      (11.7)      (14.0)      (14.5)      (15.5)      (16.3)      (17.3)
  Off-Budget................................................................................................     (398.8)     (423.6)     (442.8)     (464.6)     (488.3)     (514.0)     (542.0)
Veterans benefits and services..............................................................................       45.5        47.7        51.8        53.8        55.9        57.8        59.7
Administration of justice...................................................................................       26.7        30.4        31.6        32.5        34.7        35.2        36.0
General government..........................................................................................       13.5        16.2        16.6        16.9        18.4        17.6        17.9
Net interest................................................................................................      223.2       206.4       188.1       175.2       161.5       144.7       127.2
  On-Budget.................................................................................................     (283.0)     (275.3)     (264.2)     (260.7)     (257.3)     (252.0)     (247.3)
  Off-Budget................................................................................................     (-59.8)     (-68.9)     (-76.1)     (-85.4)     (-95.9)    (-107.3)    (-120.1)
Allowances..................................................................................................  ..........  ..........        5.3         5.4         5.6         5.7         5.8
Undistributed offsetting receipts...........................................................................      -42.6       -47.7       -49.4       -60.4       -70.6       -58.9       -62.4
  On-Budget.................................................................................................     (-34.9)     (-39.8)     (-40.5)     (-51.2)     (-60.7)     (-48.2)     (-50.9)
  Off-Budget................................................................................................      (-7.6)      (-7.9)      (-8.9)      (-9.2)      (-9.9)     (-10.7)     (-11.4)
                                                                                                             -----------------------------------------------------------------------------------
Total.......................................................................................................    1,825.0     1,893.5     2,004.6     2,041.9     2,101.8     2,187.8     2,251.0
  On-Budget.................................................................................................   (1,489.9)   (1,541.8)   (1,644.2)   (1,670.0)   (1,718.3)   (1,791.0)   (1,839.6)
  Off-Budget................................................................................................     (335.0)     (351.7)     (360.3)     (372.0)     (383.5)     (396.8)     (411.4)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note: The Administration proposes to reverse the misleading budget practice of using advance appropriations simply to avoid spending limitations. In order to avoid overstating discretionary
  budget authority in 2002, language is proposed to exclude the advance appropriation budget authority, appropriated in 2001, from discretionary budget authority.


[[Page 236]]


                                                                             Table S-13.  Outlay Totals by Function
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                         Estimate
                                                  Function                                                       2000    -----------------------------------------------------------------------
                                                                                                               Actual        2001        2002        2003        2004        2005        2006
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
National defense............................................................................................      294.5       299.1       319.2       322.1       333.1       347.2       354.0
International affairs.......................................................................................       17.2        17.5        21.0        21.3        21.5        21.6        22.2
General science, space, and technology......................................................................       18.6        19.7        20.8        21.4        22.2        22.6        23.1
Energy......................................................................................................       -1.1        -0.7        -0.3        -0.1        -0.6        -0.4        -0.3
Natural resources and environment...........................................................................       25.0        27.4        27.5        27.7        28.0        28.4        28.7
Agriculture.................................................................................................       36.6        25.9        18.6        15.0        14.0        14.1        14.5
Commerce and housing credit.................................................................................        3.2        -0.8         6.9         4.7         3.6         3.5         2.3
  On-Budget.................................................................................................       (1.2)      (-3.4)       (3.9)       (5.2)       (4.3)       (4.9)       (4.1)
  Off-Budget................................................................................................       (2.0)       (2.6)       (3.1)      (-0.5)      (-0.7)      (-1.3)      (-1.8)
Transportation..............................................................................................       46.9        51.1        55.0        57.5        59.7        62.1        63.8
Community and regional development..........................................................................       10.6        10.6        11.7        11.3        10.8        10.5        10.1
Education, training, employment, and social services........................................................       59.2        65.3        76.6        81.3        82.6        84.7        87.2
Health......................................................................................................      154.5       175.3       201.5       224.4       243.3       250.7       264.8
Medicare....................................................................................................      197.1       219.3       229.9       242.1       255.9       282.8       296.0
Income security.............................................................................................      247.9       262.6       275.7       285.9       295.9       308.8       317.1
Social security.............................................................................................      409.4       433.6       455.1       477.1       501.6       528.1       556.8
  On-Budget.................................................................................................      (13.3)      (11.7)      (14.0)      (14.5)      (15.5)      (16.3)      (17.3)
  Off-Budget................................................................................................     (396.2)     (421.9)     (441.1)     (462.7)     (486.2)     (511.7)     (539.5)
Veterans benefits and services..............................................................................       47.1        45.4        51.6        53.6        55.8        60.4        59.6
Administration of justice...................................................................................       27.8        29.4        32.3        35.4        35.5        35.2        35.8
General government..........................................................................................       13.5        16.8        16.3        16.7        18.4        17.4        17.6
Net interest................................................................................................      223.2       206.4       188.1       175.2       161.5       144.7       127.2
  On-Budget.................................................................................................     (283.0)     (275.3)     (264.2)     (260.7)     (257.3)     (252.0)     (247.3)
  Off-Budget................................................................................................     (-59.8)     (-68.9)     (-76.1)     (-85.4)     (-95.9)    (-107.3)    (-120.1)
Allowances..................................................................................................  ..........  ..........        2.4         3.9         4.7         5.4         5.7
Undistributed offsetting receipts...........................................................................      -42.6       -47.7       -49.4       -60.4       -70.6       -58.9       -62.4
  On-Budget.................................................................................................     (-34.9)     (-39.8)     (-40.5)     (-51.2)     (-60.7)     (-48.2)     (-50.9)
  Off-Budget................................................................................................      (-7.6)      (-7.9)      (-8.9)      (-9.2)      (-9.9)     (-10.7)     (-11.4)
                                                                                                             -----------------------------------------------------------------------------------
Total.......................................................................................................    1,788.8     1,856.2     1,960.6     2,016.2     2,076.7     2,168.7     2,223.9
  On-Budget.................................................................................................   (1,458.1)   (1,508.5)   (1,601.4)   (1,648.7)   (1,697.0)   (1,776.4)   (1,817.8)
  Off-Budget................................................................................................     (330.8)     (347.7)     (359.2)     (367.6)     (379.7)     (392.4)     (406.1)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 237]]


                                                                     Table S-14.  Discretionary Budget Authority by Function
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                         Estimate
                                                  Function                                                       2000    -----------------------------------------------------------------------
                                                                                                               Actual        2001        2002        2003        2004        2005        2006
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
National defense............................................................................................      300.8       311.3       325.1       333.9       343.2       352.7       362.5
International affairs.......................................................................................       23.5        22.7        23.9        24.4        24.9        25.5        26.0
General science, space, and technology......................................................................       19.2        20.9        21.2        21.9        22.4        22.9        23.5
Energy......................................................................................................        2.7         3.1         2.8         2.9         3.1         3.2         3.3
Natural resources and environment...........................................................................       24.6        28.7        26.4        27.0        27.6        27.6        27.4
Agriculture.................................................................................................        4.7         5.1         4.8         5.2         5.2         5.3         5.4
Commerce and housing credit.................................................................................        5.1         0.7        -0.3        -0.1        -0.4        -0.5        -0.5
Transportation..............................................................................................       15.2        18.9        16.8        17.8        18.2        18.6        19.0
Community and regional development..........................................................................       12.2        11.0        10.4        10.7        10.9        11.1        11.3
Education, training, employment, and social services........................................................       44.4        61.1        65.4        67.1        69.0        70.7        72.3
Health......................................................................................................       33.8        38.9        41.0        45.7        46.9        48.1        49.4
Medicare....................................................................................................        3.0         3.4         3.5         3.5         3.6         3.7         3.8
Income security.............................................................................................       31.6        39.5        42.8        45.1        46.7        48.3        49.6
Social security.............................................................................................        3.2         3.4         3.5         3.6         3.7         3.8         3.8
  On-Budget.................................................................................................         (*)         (*)         (*)         (*)         (*)         (*)         (*)
  Off-Budget................................................................................................       (3.2)       (3.4)       (3.5)       (3.6)       (3.7)       (3.7)       (3.8)
Veterans benefits and services..............................................................................       20.9        22.5        23.5        24.0        24.5        25.1        25.7
Administration of justice...................................................................................       27.1        30.0        29.8        31.9        32.3        32.8        33.5
General government..........................................................................................       12.4        14.0        14.8        15.0        15.4        15.7        16.0
Allowances..................................................................................................  ..........  ..........        5.3         5.4         5.6         5.7         5.8
                                                                                                             -----------------------------------------------------------------------------------
Total.......................................................................................................      584.4       634.9       660.6       685.1       702.7       720.1       737.9
  On-Budget.................................................................................................     (581.2)     (631.5)     (657.1)     (681.5)     (699.1)     (716.4)     (734.1)
  Off-Budget................................................................................................       (3.2)       (3.4)       (3.5)       (3.6)       (3.7)       (3.7)       (3.8)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.


[[Page 238]]


                                                                         Table S-15.  Discretionary Outlays by Function
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                         Estimate
                                                  Function                                                       2000    -----------------------------------------------------------------------
                                                                                                               Actual        2001        2002        2003        2004        2005        2006
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
National defense............................................................................................      295.0       299.6       319.2       322.1       333.5       347.6       354.6
International affairs.......................................................................................       21.3        24.1        24.5        24.7        24.9        25.0        25.6
General science, space, and technology......................................................................       18.6        19.6        20.7        21.2        22.0        22.5        23.1
Energy......................................................................................................        3.0         3.0         3.0         3.0         3.1         3.2         3.3
Natural resources and environment...........................................................................       25.0        27.6        27.6        27.6        27.7        28.3        28.5
Agriculture.................................................................................................        4.7         5.5         5.5         5.2         5.3         5.3         5.4
Commerce and housing credit.................................................................................        4.5         1.7         0.4         0.1        -0.3        -0.5        -0.5
Transportation..............................................................................................       44.7        48.9        53.2        55.4        57.7        60.2        61.9
Community and regional development..........................................................................       11.4        11.2        12.0        12.0        11.7        11.5        11.3
Education, training, employment, and social services........................................................       48.9        56.1        62.2        66.5        67.4        69.0        70.7
Health......................................................................................................       30.0        34.1        38.5        41.7        45.0        46.8        48.1
Medicare....................................................................................................        3.0         3.3         3.5         3.5         3.6         3.7         3.8
Income security.............................................................................................       41.4        45.5        46.9        48.0        48.6        49.4        50.4
Social security.............................................................................................        3.4         3.6         3.5         3.6         3.7         3.8         3.8
  On-Budget.................................................................................................         (*)         (*)         (*)         (*)         (*)         (*)         (*)
  Off-Budget................................................................................................       (3.4)       (3.6)       (3.5)       (3.6)       (3.7)       (3.7)       (3.8)
Veterans benefits and services..............................................................................       20.8        22.4        23.4        23.9        24.5        25.0        25.6
Administration of justice...................................................................................       26.8        28.8        30.8        34.3        32.9        32.7        33.3
General government..........................................................................................       12.4        14.5        14.5        14.9        15.2        15.5        15.8
Allowances..................................................................................................  ..........  ..........        2.4         3.9         4.7         5.4         5.7
                                                                                                             -----------------------------------------------------------------------------------
Total.......................................................................................................      614.8       649.4       691.7       711.8       731.2       754.5       770.4
  On-Budget.................................................................................................     (611.5)     (645.8)     (688.2)     (708.3)     (727.6)     (750.7)     (766.6)
  Off-Budget................................................................................................       (3.4)       (3.6)       (3.5)       (3.6)       (3.7)       (3.7)       (3.8)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $50 million or less.


[[Page 239]]


                                                     Table S-16.  Comparison of Economic Assumptions
                                                                    (Calendar years)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                       Projections
                                           ---------------------------------------------------------------------------------------------------  Average
                                              2001     2002     2003     2004     2005     2006     2007     2008     2009     2010     2011   2002-2011
--------------------------------------------------------------------------------------------------------------------------------------------------------
Real GDP (chain-weighted): \1\
  CBO January.............................      2.4      3.4      3.3      3.0      3.0      3.0      3.0      3.0      3.0      3.1      3.1       3.1
  Blue Chip Consensus March...............      1.9      3.4      3.5      3.4      3.4      3.4      3.3      3.3      3.3      3.3      3.3       3.4
  2002 Budget.............................      2.4      3.3      3.2      3.2      3.1      3.1      3.1      3.1      3.1      3.1      3.1       3.2

Chain-weighted GDP Price Index: \1\
  CBO January.............................      2.3      2.1      2.0      1.9      1.9      1.9      1.9      1.9      1.9      1.9      1.9       1.9
  Blue Chip Consensus March...............      2.1      2.0      2.1      2.1      2.1      2.2      2.2      2.2      2.2      2.2      2.2       2.2
  2002 Budget.............................      2.1      2.1      2.1      2.1      2.1      2.1      2.1      2.1      2.1      2.1      2.1       2.1

Consumer Price Index (all-urban): \1\
  CBO January.............................      2.8      2.8      2.7      2.5      2.5      2.5      2.5      2.5      2.5      2.5      2.5       2.6
  Blue Chip Consensus March...............      2.8      2.4      2.6      2.6      2.5      2.6      2.6      2.6      2.6      2.6      2.6       2.6
  2002 Budget.............................      2.7      2.6      2.6      2.5      2.5      2.5      2.5      2.5      2.5      2.5      2.5       2.5

Unemployment rate: \2\
  CBO January.............................      4.4      4.5      4.5      4.7      4.8      4.9      5.0      5.1      5.2      5.2      5.2       4.9
  Blue Chip Consensus March...............      4.5      4.6      4.6      4.6      4.6      4.6      4.6      4.6      4.6      4.6      4.6       4.6
  2002 Budget.............................      4.4      4.6      4.5      4.5      4.5      4.5      4.5      4.6      4.6      4.6      4.6       4.6

Interest rates: \2\
  91-day Treasury bills:
    CBO January...........................      4.8      4.9      5.0      4.9      4.9      4.9      4.9      4.9      4.9      4.9      4.9       4.9
    Blue Chip Consensus March.............      4.6      4.8      5.2      5.3      5.3      5.2      5.2      5.2      5.2      5.2      5.2       5.2
    2002 Budget...........................      5.3      5.6      5.6      5.6      5.3      5.0      5.0      5.0      5.0      5.0      5.0       5.2

  10-year Treasury notes:
    CBO January...........................      4.9      5.3      5.5      5.6      5.7      5.8      5.8      5.8      5.8      5.8      5.8       5.7
    Blue Chip Consensus March.............      5.1      5.4      5.7      5.7      5.7      5.7      5.7      5.7      5.7      5.7      5.7       5.7
    2002 Budget...........................      5.4      5.6      5.7      5.7      5.7      5.7      5.7      5.7      5.7      5.7      5.7       5.7
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Year over year, percent.

\2\ Annual averages, percent.


[[Page 240]]


                                                                              Table S-17.  Baseline Category Totals
                                                                                    (In billions of dollars)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                        Estimate                                                         Total
                                                                 -------------------------------------------------------------------------------------------------------------------------------
                                                                    2001      2002      2003      2004       2005       2006       2007       2008       2009       2010       2011    2002-2011
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Outlays:
  Discretionary:
    Defense function............................................       300       312       319       330        341        351        360        370        381        392        403      3,559
    Nondefense..................................................       349       372       388       396        405        416        427        439        450        462        475      4,230
                                                                 -------------------------------------------------------------------------------------------------------------------------------
      Subtotal, discretionary...................................       649       684       707       726        746        766        788        809        831        854        878      7,789

  Mandatory:
    Social Security.............................................       430       452       474       498        524        553        584        618        656        698        744      5,801
    Medicare....................................................       216       226       239       252        271        279        301        320        342        365        396      2,990
    Medicaid....................................................       129       143       154       167        182        198        216        234        254        276        300      2,125
    Other mandatory.............................................       223       246       248       258        281        287        294        310        323        335        348      2,930
                                                                 -------------------------------------------------------------------------------------------------------------------------------
      Subtotal, mandatory.......................................       998     1,067     1,114     1,176      1,259      1,317      1,394      1,482      1,575      1,674      1,787     13,846

  Net interest:
    Interest earnings...........................................  ........  ........  ........  ........         -3        -14        -32        -56        -84       -118       -159       -466
    Other.......................................................       206       186       169       150        128        113        100         92         85         78         74      1,176
                                                                 -------------------------------------------------------------------------------------------------------------------------------
      Subtotal, net interest....................................       206       186       169       150        125         99         69         36          *        -40        -85        710

Total outlays...................................................     1,853     1,938     1,991     2,051      2,130      2,182      2,250      2,328      2,406      2,488      2,580     22,345
Receipts........................................................     2,137     2,221     2,324     2,438      2,569      2,698      2,836      2,979      3,131      3,302      3,483     27,981
                                                                 -------------------------------------------------------------------------------------------------------------------------------
  Unified surplus...............................................       284       283       334       387        439        515        585        651        725        814        903      5,637
  On-budget surplus.............................................       128       111       140       176        202        262        314        363        421        489        560      3,038
  Off-budget surplus............................................       156       172       194       211        237        253        272        289        304        324        344      2,599
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 million or less.

Note: Baseline assumes earnings on cash balances, which represent the return on investing excess Treasury cash in the private sector. The size of the balances that would be invested would
  vastly overwhelm existing institutional arrangements for investing Treasury operating balances, raising both operational and policy issues.


[[Page 241]]


                                                   Table S-18.  Federal Government Financing and Debt
                                                                (In billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       Estimate
                                                      Actual -------------------------------------------------------------------------------------------
                                                       2000    2001    2002    2003    2004    2005    2006    2007     2008     2009     2010     2011
--------------------------------------------------------------------------------------------------------------------------------------------------------
Financing:
  Unified budget surplus...........................      236     281     231     242     262     269     305     340      373      420      465      526
    On-budget surplus/reserve for contingencies \1\       87     125      59      49      52      32      52      69       85      117      142      184
    Off-budget surplus.............................      150     156     172     193     211     237     252     270      287      303      323      343
  Financing other than the change in debt held by
   the public:
    Premiums paid (-) on buybacks of Treasury             -6     -10  ......  ......  ......  ......  ......  ......  .......  .......  .......  .......
     securities \2\................................
    Changes in: \3\
      Treasury operating cash balance..............        4       3  ......  ......  ......  ......  ......  ......  .......  .......  .......  .......
      Checks outstanding, deposit funds, etc. \4\..        3      -*      -1  ......  ......  ......  ......  ......  .......  .......  .......  .......
    Seigniorage on coins...........................        2       2       2       2       2       2       2       2        2        2        2        2
    Less: Net financing disbursements:
      Direct loan financing accounts...............      -22     -39      -4     -17     -18     -17     -16     -16      -16      -16      -16      -15
      Guaranteed loan financing accounts...........        4      -1      -1       1      -*      -*       1       1        1        1        1        1
                                                    ----------------------------------------------------------------------------------------------------
        Total, financing other than the change in        -13     -45      -4     -15     -16     -15     -14     -13      -13      -13      -13      -13
         debt held by the public...................
                                                    ----------------------------------------------------------------------------------------------------
          Total, amount available to repay debt          223     236     227     227     246     254     291     326      359      406      452      513
           held by the public......................
    Change in debt held by the public: \5\ \6\
      Change in debt held by the public............     -223    -236    -227    -227    -246    -254    -291    -326     -198     -125      -71      -50
      Less change in excess balances...............  .......  ......  ......  ......  ......  ......  ......  ......     -162     -281     -381     -463
        Change in net indebtedness.................     -223    -236    -227    -227    -246    -254    -291    -326     -359     -406     -452     -513

Debt Subject to Statutory Limitation, End of Year:
  Debt issued by Treasury..........................    5,601   5,598   5,637   5,698   5,759   5,832   5,890   5,932    6,118    6,395    6,749    7,140
  Adjustment for Treasury debt not subject to            -15     -15     -15     -15     -15     -15     -15     -15      -15      -15      -15      -15
   limitation and agency debt subject to limitation
   \7\.............................................
  Adjustment for discount and premium \8\..........        6       6       6       6       6       6       6       6        6        6        6        6
                                                    ----------------------------------------------------------------------------------------------------
    Total, debt subject to statutory limitation \9\    5,592   5,588   5,627   5,688   5,749   5,822   5,881   5,922    6,108    6,385    6,740    7,130

Debt Outstanding, End of Year:
  Gross Federal debt: \10\
    Debt issued by Treasury........................    5,601   5,598   5,637   5,698   5,759   5,832   5,890   5,932    6,118    6,395    6,749    7,140
    Debt issued by other agencies..................       28      27      27      26      25      24      23      21       21       21       20       20
                                                    ----------------------------------------------------------------------------------------------------
      Total, gross Federal debt....................    5,629   5,625   5,664   5,724   5,784   5,856   5,913   5,953    6,138    6,415    6,770    7,160

Held by:
  Debt securities held as assets by Government         2,219   2,451   2,717   3,004   3,310   3,636   3,985   4,352    4,735    5,137    5,562    6,002
   accounts........................................
  Debt securities held as assets by the public: \6\
    Debt held by the public........................    3,410   3,174   2,947   2,720   2,473   2,219   1,928   1,602    1,404    1,279    1,208    1,158
    Less excess balances...........................  .......  ......  ......  ......  ......  ......  ......  ......     -162     -443     -824   -1,287
      Net indebtedness \11\........................    3,410   3,174   2,947   2,720   2,473   2,219   1,928   1,602    1,242      836      384     -129

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[[Page 242]]


 *$500 million or less.

\1\ The actual amount of annual debt retirement will vary depending upon the availability of eligible redeemable debt, and the use, if any, of the
  contingency reserve.

\2\ This table includes estimates for Treasury buybacks of outstanding securities only through 2001. These estimates assume that Treasury will buy back
  $35 billion (face value) of securities in 2001. The premiums paid on buybacks are based on experience to date and the interest rates in the economic
  assumptions.

\3\ A decrease in the Treasury operating cash balance (which is an asset) would be a means of financing a deficit and therefore has a positive sign. An
  increase in checks outstanding or deposit fund balances (which are liabilities) would also be a means of financing a deficit and therefore would also
  have a positive sign.

\4\ Besides checks outstanding and deposit funds, includes accrued interest payable on Treasury debt, miscellaneous liability accounts, allocations of
  special drawing rights, and, as an offset, cash and monetary assets other than the Treasury operating cash balance, miscellaneous asset accounts, and
  profit on sale of gold.

\5\ Indian tribal funds that are owned by the Indian tribes and held and managed in a fiduciary capacity by the Government on the tribes' behalf were
  reclassified from trust funds to deposit funds as of October 1, 1999. Their holdings of Treasury securities were accordingly reclassified from debt
  held by Government accounts to debt held by the public, which affected the change in debt held by the public without affecting borrowing or the
  repayment of debt.

\6\ The amount of the unified budget surplus that is available to repay debt held by the public is estimated to be more than the amount of debt that is
  available to be redeemed in 2008 and subsequent years. The difference is assumed to be held as ``excess balances.'' (``Excess'' means in excess of the
  amounts held for operational and programmatic purposes.) The debt held by the public is the amount of Federal debt securities held by the public. The
  net indebtedness is the debt held by the public less the excess balances.

\7\ Consists primarily of Federal Financing Bank debt.

\8\ Consists of unamortized discount (less premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds) and unrealized discount
  on Government account series securities.

\9\ The statutory debt limit is $5,950 billion.

\10\ Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost entirely measured at sales price plus amortized
  discount or less amortized premium. Agency debt is almost entirely measured at face value. Treasury securities in the Government account series are
  measured at face value less unrealized discount (if any).

\11\ At the end of 2000, the Federal Reserve Banks held $511 billion of Federal securities and the rest of the public held $2,899 billion. Debt held by
  the Federal Reserve Banks is not estimated for future years.