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



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 2 months of fiscal 1996, there was a deficit of $61.2 
billion, compared with a deficit of $68.6 billion a year earlier.
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                                                                  [Billions of dollars]                                                                 
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                      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\1\.................................   1,350.6    1,514.4    -163.8     999.5   1,225.7    -226.2     351.1     288.7      62.4    4,921.0   3,603.3
                                                                                                                                                        
Cumulative total, first 2 months:\1\                                                                                                                    
    Fiscal year 1995....................     176.7      245.3     -68.6     127.5     194.8     -67.3      49.2      50.5      -1.3    4,727.1   3,505.6
    Fiscal year 1996....................     185.6      246.8     -61.2     135.9     193.9     -58.1      49.8      52.9      -3.1    4,937.6   3,655.0
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    \1\Data from Monthly Treasury 
Statement.

    Note.--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.