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



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 2 months of fiscal 1998, there was a deficit of $53.3 
billion, compared with a deficit of $77.7 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 
--------------------------------------------------------------------------------------------------------------------------------------------------------
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\................................   1,452.8   1,560.2      -107.4   1,085.3   1,259.3    -174.0     367.5     300.9      66.6   5,181.9   3,733.0
1997 \1\................................   1,579.0   1,601.6       -22.6   1,187.0   1,290.6    -103.6     392.0     311.0      81.0   5,369.7   3,771.1
1998 (estimates)........................   1,631.6   1,689.9       -58.3   1,219.8   1,364.8    -145.0     411.8     325.2      86.6   5,598.2   3,871.9
                                                                                                                                                        
Cumulative total, first 2 months: \2\                                                                                                                   
  Fiscal year 1997......................     197.5     275.2       -77.7     143.7     219.6     -76.0      53.8      55.6      -1.7   5,253.8   3,794.0
  Fiscal year 1998......................     218.4     271.7       -53.3     160.8     215.2     -54.4      57.6      56.5       1.1   5,418.9   3,806.6
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    \1\ Data from September 1997 
Monthly Treasury Statement.
    \2\ Data from current issue 
Monthly Treasury Statement.

    Note.--Data for fiscal 1998 are 
from Mid-Session Review of the 1998 
Budget, issued September 5, 1997. 
Other 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.