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



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first two months of fiscal 1997, there was a deficit of $78.1 
billion, compared with a deficit of $61.0 billion a year earlier.
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                                                                  [Billions of dollars]                                                                 
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                                                       Total                       On-budget                     Off-budget            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     Gross      the  
                                                                  (-)                           (-)                           (-)      Federal   public 
--------------------------------------------------------------------------------------------------------------------------------------------------------
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\.................................   1,351.5   1,515.4    -163.9   1,000.4   1,226.7    -226.3     351.1     288.7      62.4    4,920.9   3,603.3
1996 \1\.................................   1,452.8   1,560.1    -107.3   1,085.3   1,259.6    -174.4     367.5     300.5      67.0    5,181.9   3,733.0
1997 (estimates).........................   1,504.9   1,630.6    -125.7   1,117.4   1,313.2    -195.7     387.4     317.4      70.0    5,457.0   3,894.1
                                                                                                                                                        
Cumulative total, first 2 months: \1\                                                                                                                   
      Fiscal year 1996...................     185.8     246.8     -61.0     136.0     193.9     -57.9      49.8      52.9      -3.1    4,937.6   3,655.0
      Fiscal year 1997...................     198.0     276.1     -78.1     144.1     220.1     -76.0      53.8      56.0      -2.2    5,253.8   3,794.0
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    \1\ Data from Monthly Treasury 
Statement.

    Note.--Data for fiscal year 1997 
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.