[Economic Indicators May, 2002]
[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 2002, there was a deficit of $66.5 
billion, compared with a surplus of $165.0 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985....................................     734.1     946.4    -212.3     547.9      769.6    -221.7     186.2     176.8       9.4    1,817.5   1,507.4
1986....................................     769.2     990.5    -221.2     569.0      807.0    -238.0     200.2     183.5      16.7    2,120.6   1,740.8
1987....................................     854.4   1,004.1    -149.8     641.0      810.3    -169.3     213.4     193.8      19.6    2,346.1   1,889.9
1988....................................     909.3   1,064.5    -155.2     667.8      861.8    -194.0     241.5     202.7      38.8    2,601.3   2,051.8
1989....................................     991.2   1,143.7    -152.5     727.5      932.8    -205.2     263.7     210.9      52.8    2,868.0   2,191.0
 
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   2,411.8
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   2,689.3
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   3,000.1
1993....................................   1,154.4   1,409.5    -255.1     842.5    1,142.9    -300.5     311.9     266.6      45.3    4,351.4   3,248.8
1994....................................   1,258.6   1,461.9    -203.3     923.6    1,182.5    -258.9     335.0     279.4      55.7    4,643.7   3,433.4
1995....................................   1,351.8   1,515.8    -164.0   1,000.8    1,227.2    -226.4     351.1     288.7      62.4    4,921.0   3,604.8
1996....................................   1,453.1   1,560.6    -107.5   1,085.6    1,259.7    -174.1     367.5     300.9      66.6    5,181.9   3,734.5
1997....................................   1,579.3   1,601.3     -22.0   1,187.3    1,290.7    -103.4     392.0     310.6      81.4    5,369.7   3,772.8
1998....................................   1,721.8   1,652.6      69.2   1,306.0    1,336.0     -30.0     415.8     316.6      99.2    5,478.7   3,721.6
1999....................................   1,827.5   1,701.9     125.5   1,383.0    1,381.2       1.8     444.5     320.8     123.7    5,606.1   3,632.9
 
2000....................................   2,025.2   1,788.8     236.4   1,544.6    1,458.1      86.6     480.6     330.8     149.8    5,629.0   3,410.1
2001....................................   1,991.0   1,863.9     127.1   1,483.5    1,516.9     -33.4     507.5     347.0     160.5    5,770.3   3,320.0
2002 (estimates)........................   1,946.1   2,052.3    -106.2   1,428.9    1,690.6    -261.7     517.2     361.7     155.5    6,137.1   3,477.5
Cumulative total, first 7
    months: 1
  Fiscal year 2001......................   1,253.6   1,088.6     165.0     957.1      889.2      67.9     296.5     199.4      97.1    5,617.4   3,273.2
  Fiscal year 2002......................   1,116.4   1,182.8     -66.5     815.0      977.0    -162.0     301.4     205.9      95.5    5,952.0   3,388.8
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    \1\ Data from current issue 
Monthly Treasury Statement.

    Note.--Data (except as noted) 
are from Budget of the United States 
Government, Fiscal Year 2003, issued 
February 4, 2002.
    Sources: Department of the 
Treasury and Office of Management 
            and Budget.