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



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 7 months of fiscal 1997, there was a deficit of $16.9 
billion, compared with a deficit of $55.3 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     851.9      -185.4     500.4     686.1    -185.7     166.1     165.8        .3   1,564.7   1,300.5
                                                                                                                                                        
1985....................................     734.2     946.5      -212.3     548.0     769.7    -221.7     186.2     176.8       9.4   1,817.5   1,499.9
1986....................................     769.3     990.5      -221.2     569.0     807.0    -238.0     200.2     183.5      16.7   2,120.6   1,736.7
1987....................................     854.4   1,004.2      -149.8     641.0     810.3    -169.3     213.4     193.8      19.6   2,346.1   1,888.7
1988....................................     909.3   1,064.5      -155.2     667.8     861.8    -194.0     241.5     202.7      38.8   2,601.3   2,050.8
1989....................................     991.2   1,143.7      -152.5     727.5     932.8    -205.2     263.7     210.9      52.8   2,868.0   2,189.9
1990....................................   1,032.0   1,253.2      -221.2     750.3   1,028.1    -277.8     281.7     225.1      56.6   3,206.6   2,410.7
1991....................................   1,055.0   1,324.4      -269.4     761.2   1,082.7    -321.6     293.9     241.7      52.2   3,598.5   2,688.1
1992....................................   1,091.3   1,381.7      -290.4     788.9   1,129.3    -340.5     302.4     252.3      50.1   4,002.1   2,998.8
1993....................................   1,154.4   1,409.4      -255.0     842.5   1,142.8    -300.4     311.9     266.6      45.3   4,351.4   3,247.5
1994....................................   1,258.6   1,461.7      -203.1     923.6   1,182.4    -258.8     335.0     279.4      55.7   4,643.7   3,432.1
1995....................................   1,351.8   1,515.7      -163.9   1,000.8   1,227.1    -226.3     351.1     288.7      62.4   4,921.0   3,603.4
1996....................................   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 7 months: \1\                                                                                                                   
      Fiscal year 1996..................     849.1     904.4       -55.3     635.7     733.0     -97.3     213.4     171.4      42.0   5,059.3   3,681.7
      Fiscal year 1997..................     923.7     940.6       -16.9     698.6     763.8     -65.3     225.1     176.8      48.4   5,311.6   3,790.7
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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.