[Economic Indicators July, 1995]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 9 months of fiscal 1995, there was a deficit of $119.7 
billion, compared with a deficit of $149.9 billion a year earlier.
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                                                                  [Billions of dollars]                                                                 
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                                                       Total                       On-budget                     Off-budget           Gross Federal debt
                                          -------------------------------------------------------------------------------------------   (end of period) 
                                                                Surplus                       Surplus                       Surplus  -------------------
          Fiscal year or period                                   or                            or                             or                Held by
                                           Receipts   Outlays   deficit  Receipts   Outlays   deficit  Receipts   Outlays  deficit (-   Total      the  
                                                                  (-)                           (-)                            )                 public 
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976.....................................     298.1     371.8     -73.7     231.7     302.2     -70.5      66.4      69.6      -3.2      629.0     477.4
1977.....................................     355.6     409.2     -53.7     278.7     328.5     -49.8      76.8      80.7      -3.9      706.4     549.1
1978.....................................     399.6     458.7     -59.2     314.2     369.1     -54.9      85.4      89.7      -4.3      776.6     607.1
1979.....................................     463.3     504.0     -40.7     365.3     404.1     -38.7      98.0     100.0      -2.0      829.5     640.3
1980.....................................     517.1     590.9     -73.8     403.9     476.6     -72.7     113.2     114.3      -1.1      909.1     709.8
1981.....................................     599.3     678.2     -79.0     469.1     543.1     -74.0     130.2     135.2      -5.0      994.8     785.3
1982.....................................     617.8     745.8    -128.0     474.3     594.4    -120.1     143.5     151.4      -7.9    1,137.3     919.8
1983.....................................     600.6     808.4    -207.8     453.2     661.3    -208.0     147.3     147.1        .2    1,371.7   1,131.6
1984.....................................     666.5     851.8    -185.4     500.4     686.0    -185.7     166.1     165.8        .3    1,564.7   1,300.5
                                                                                                                                                        
1985.....................................     734.1     946.4    -212.3     547.9     769.6    -221.7     186.2     176.8       9.4    1,817.5   1,499.9
1986.....................................     769.1     990.3    -221.2     568.9     806.8    -238.0     200.2     183.5      16.7    2,120.6   1,736.7
1987.....................................     854.1   1,003.9    -149.8     640.7     810.1    -169.3     213.4     193.8      19.6    2,346.1   1,888.7
1988.....................................     909.0   1,064.1    -155.2     667.5     861.4    -194.0     241.5     202.7      38.8    2,601.3   2,050.8
1989.....................................     990.7   1,143.2    -152.5     727.0     932.3    -205.2     263.7     210.9      52.8    2,868.0   2,189.9
1990.....................................   1,031.3   1,252.7    -221.4     749.7   1,027.6    -278.0     281.7     225.1      56.6    3,206.6   2,410.7
1991.....................................   1,054.3   1,323.4    -269.2     760.4   1,081.8    -321.4     293.9     241.7      52.2    3,598.5   2,688.1
1992.....................................   1,090.5   1,380.9    -290.4     788.0   1,128.5    -340.5     302.4     252.3      50.1    4,002.1   2,998.8
1993.....................................   1,153.5   1,408.7    -255.1     841.6   1,142.1    -300.5     311.9     266.6      45.3    4,351.4   3,247.5
1994.....................................   1,257.7   1,460.9    -203.2     922.7   1,181.5    -258.8     335.0     279.4      55.7    4,643.7   3,432.2
1995 (estimates)r........................   1,357.9   1,517.9    -160.0   1,007.7   1,228.1    -220.5     350.2     289.7      60.5    4,914.0   3,598.0
                                                                                                                                                        
Cumulative total, first 9 months:\1\                                                                                                                    
    Fiscal year 1994.....................     939.4   1,089.3    -149.9     686.1     889.8    -203.7     253.3     199.5      53.8    4,597.8   3,395.6
    Fiscal year 1995.....................   1,018.0   1,137.7    -119.7     751.9     931.5    -179.6     266.1     206.2      60.0    4,897.7   3,583.4
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    \1\Data from Monthly Treasury 
Statement.

    Note.--Data for fiscal 1995 are 
from Mid-Session Review of the 1996 
Budget issued July 31, 1995. Other 
data (except as noted) are from 
Budget of the United States 
Government, Fiscal Year 1996, issued 
February 6, 1995.
    Sources: Department of the 
Treasury and Office of Management 
and Budget.