[Economic Indicators October, 2002]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In fiscal 2002, there was a deficit of $158.5 billion, compared with a 
surplus of $127.1 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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    1,517.1     -33.6     507.5     346.8     160.7    5,770.3   3,320.0
2002 1..................................   1,853.3   2,011.8    -158.5   1,338.0    1,656.1    -318.2     515.3     355.7     159.7    6,198.8   3,540.8
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    \1\ Data from Final Monthly 
Treasury Statement, September 2002, 
issued October 25, 2002.

    Note.--Data for fiscal 2001 are 
from Mid-Session Review, Budget of 
the United States Government, Fiscal 
Year 2003, issued July 15, 2002. 
Other 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.