[Economic Indicators December, 2002]
[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 2003, there was a deficit of $113.1 
billion, compared with a deficit of $61.9 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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
2003 (estimates)........................   2,029.0   2,138.2    -109.2   1,489.0    1,771.2    -282.2     540.0     367.0     173.0    6,561.0   3,654.8
Cumulative total, first 2 months: \2\
  Fiscal year 2002......................     278.4     340.3     -61.9     205.4      274.4     -69.0      73.0      65.9       7.1    5,854.6   3,388.3
  Fiscal year 2003......................     244.6     357.7    -113.1     168.7      288.5    -119.7      75.9      69.2       6.6    6,316.2   3,636.8
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    \1\ Data from Final Monthly 
Treasury Statement, September 2002, 
issued October 25, 2002.
    \2\ Data from current issue 
Monthly Treasury Statement.

    Note.--Data for fiscal 2001 and 
2003 are from Mid-Session Review, 
Budget of the UnitedStates 
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.