[Economic Indicators March, 1996]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 5 months of fiscal 1996, there was a deficit of $80.9 
billion, compared with a deficit of $96.1 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 
--------------------------------------------------------------------------------------------------------------------------------------------------------
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   r1,252.5    r-221.2     749.7   r1,027.5    r-277.8    281.7     225.1    56.6    3,206.6   2,410.7
1991....................................   1,054.3   r1,323.6    r-269.4     760.4   r1,081.9    r-321.6    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   r1,460.8    r-203.1     922.7    1,181.5     -258.8    335.0     279.4    55.7    4,643.7  r3,432.1
1995r...................................   1,355.2    1,519.1     -163.9   1,004.1    1,230.5     -226.3    351.1     288.7    62.4    4,921.0   3,603.4
1996 (estimates)........................   1,426.8    1,572.4     -145.6   1,059.3    1,270.3     -211.0    367.4     302.1    65.3    5,207.3   3,768.7
                                                                                                                                                        
Cumulative total, first 5 months:\1\                                                                                                                    
    Fiscal year 1995....................     521.9      618.0      -96.1     386.8      504.4     -117.6    135.1     113.6    21.5    4,801.0   3,544.2
    Fiscal year 1996....................     556.1      637.1      -80.9     417.7      519.4     -101.7    138.4     117.6    20.8    4,974.4   3,678.9
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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 1997, issued 
March 19, 1996.
    Sources: Department of the 
Treasury and Office of Management 
and Budget.