[Economic Indicators October, 1998]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In fiscal 1998, there was a surplus of $70.0 billion, compared with a 
deficit of $22.0 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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....................................     734.1     946.4      -212.3     547.9     769.6    -221.7     186.2     176.8       9.4   1,817.5   1,499.9
1986....................................     769.2     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   1,004.1      -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   1,560.5      -107.5   1,085.6   1,259.6    -174.0     367.5     300.9      66.6   5,181.9   3,733.0
1997\1\.................................   1,579.0   1,600.9       -22.0   1,187.0   1,290.3    -103.3     392.0     310.6      81.4   5,369.7   3,771.1
1998\1\.................................   1,721.4   1,651.4        70.0   1,305.6   1,334.8     -29.2     415.8     316.6      99.2   5,478.7   3,720.1
1999 (estimates)........................   1,784.3   1,730.0        54.2   1,344.6   1,403.9     -59.3     439.6     326.1     113.5   5,660.5   3,714.1
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    \1\ Data from Monthly Treasury 
Statement.

    Note.--Data for fiscal 1999 are 
from the Mid-Session Review, Budget 
of the U.S. Government, Fiscal Year 
1999, issued May 26, 1998. Other 
data (except as noted) are from 
Budget of the United States 
Government, Fiscal Year 1999 issued 
February 2, 1998.
    Sources: Department of the 
Treasury and Office of Management 
and Budget.