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




 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 8 months of fiscal 1996, there was a deficit of $109.1 
billion, compared with a deficit of $136.5 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   1,252.5    -221.2     749.7   1,027.5    -277.8     281.7     225.1      56.6    3,206.6   2,410.7
1991.....................................   1,054.3   1,323.6    -269.4     760.4   1,081.9    -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   1,460.8    -203.1     922.7   1,181.5    -258.8     335.0     279.4      55.7    4,643.7   3,432.1
1995.....................................   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 8 months:\1\                                                                                                                    
    Fiscal year 1995.....................     870.2   1,006.7    -136.5     635.9     815.3    -179.4     234.2     191.3      42.9    4,851.3   3,574.9
    Fiscal year 1996.....................     938.6   1,047.7    -109.1     695.3     847.4    -152.2     243.3     200.3      43.0    5,085.6   3,702.3
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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.