[Economic Indicators July, 1996]
[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 1996, there was a deficit of $75.0 
billion, compared with a deficit of $123.7 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)r........................   1,453.4   1,570.1    -116.8   1,085.7   1,268.3    -182.7     367.7     301.8      65.9    5,180.1   3,747.1
                                                                                                                                                        
Cumulative total, first 9 months:\1\                                                                                                                    
    Fiscal year 1995.....................   1,018.0   1,141.7    -123.7     751.9     935.6    -183.6     266.1     206.2      60.0    4,897.7   3,583.4
    Fiscal year 1996.....................   1,090.5   1,165.5     -75.0     812.0     951.6    -139.6     278.5     213.9      64.6    5,118.6   3,693.7
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    \1\Data from Monthly Treasury 
Statement.

    Note.--Data for fiscal 1996 are 
from Mid-Session Review of the 1997 
Budget issued July 16, 1996. Other 
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.