[Economic Indicators February, 1997]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 4 months of fiscal 1997, there was a deficit of $46.0 
billion, compared with a deficit of $36.3 billion a year earlier.
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                                                                  [Billions of dollars]                                                                 
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       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   r 851.9      -185.4     500.4   r 686.1    -185.7     166.1     165.8        .3   1,564.7   1,300.5
                                                                                                                                                        
1985....................................   r 734.2   r 946.5      -212.3   r 548.0   r 769.7    -221.7     186.2     176.8       9.4   1,817.5   1,499.9
1986....................................   r 769.3   r 990.5      -221.2   r 569.0   r 807.0    -238.0     200.2     183.5      16.7   2,120.6   1,736.7
1987....................................   r 854.4  r 1,004.                                                                                            
                                                           2      -149.8   r 641.0   r 810.3    -169.3     213.4     193.8      19.6   2,346.1   1,888.7
1988....................................   r 909.3  r 1,064.                                                                                            
                                                           5      -155.2   r 667.8   r 861.8    -194.0     241.5     202.7      38.8   2,601.3   2,050.8
1989....................................   r 991.2  r 1,143.                                                                                            
                                                           7      -152.5   r 727.5   r 932.8    -205.2     263.7     210.9      52.8   2,868.0   2,189.9
1990....................................  r 1,032.                                                                                                      
                                                 0  r 1,253.                                                                                            
                                                           2      -221.2   r 750.3  r 1,028.                                                            
                                                                                           1    -277.8     281.7     225.1      56.6   3,206.6   2,410.7
1991....................................  r 1,055.                                                                                                      
                                                 0  r 1,324.                                                                                            
                                                           4      -269.4   r 761.2   1,082.7    -321.6     293.9     241.7      52.2   3,598.5   2,688.1
1992....................................  r 1,091.                                                                                                      
                                                 3  r 1,381.                                                                                            
                                                           7      -290.4   r 788.9   1,129.3    -340.5     302.4     252.3      50.1   4,002.1   2,998.8
1993....................................  r 1,154.                                                                                                      
                                                 4  r 1,409.                                                                                            
                                                           4    r -255.0   r 842.5  r 1,142.                                                            
                                                                                           8   r-300.4     311.9     266.6      45.3   4,351.4   3,247.5
1994....................................  r 1,258.                                                                                                      
                                                 6  r 1,461.                                                                                            
                                                           7      -203.1   r 923.6  r 1,182.                                                            
                                                                                           4    -258.8     335.0     279.4      55.7   4,643.7   3,432.1
1995....................................  r 1,351.                                                                                                      
                                                 8  r 1,515.                                                                                            
                                                           7      -163.9  r 1,000.                                                                      
                                                                                 8  r 1,227.                                                            
                                                                                           1    -226.3     351.1     288.7      62.4  r 4,921.          
                                                                                                                                             0  r 3,603.
                                                                                                                                                       4
1996 r..................................   1,453.1   1,560.3      -107.3   1,085.6   1,259.9    -174.3     367.5     300.5      67.0   5,181.9   3,733.0
1997 (estimates)........................   1,505.4   1,631.0      -125.6   1,116.5   1,316.0    -199.5     388.9     315.0      73.9   5,453.7   3,875.8
                                                                                                                                                        
Cumulative total, first 4 months: \1\                                                                                                                   
      Fiscal year 1996..................     467.1     503.4       -36.3     357.1     413.7     -56.6     110.0      89.7      20.3   4,937.7   3,631.9
      Fiscal year 1997..................     496.7     542.7       -46.0     377.0     450.6     -73.6     119.7      92.1      27.6   5,271.3   3,764.9
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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 1998, issued 
February 6, 1997.
    Sources: Department of the 
Treasury and Office of Management 
and Budget.