[Economic Indicators December, 2003]
[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 2004, there was a deficit of $112.5
billion, compared with a deficit of $112.9 billion a year earlier.
______________________________________________________________________
______________________________________________________________________
[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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1987 ................................. 854.4 1,004.1 -149.7 641.0 810.2 -169.3 213.4 193.8 19.6 2,346.0 1,889.8
1988 ................................. 909.3 1,064.5 -155.2 667.8 861.8 -194.0 241.5 202.7 38.8 2,601.1 2,051.6
1989 ................................. 991.2 1,143.6 -152.5 727.5 932.7 -205.2 263.7 210.9 52.8 2,867.8 2,190.7
1990 ................................. 1,032.0 1,253.2 -221.2 750.3 1,028.1 -277.8 281.7 225.1 56.6 3,206.3 2,411.6
1991 ................................. 1,055.0 1,324.4 -269.3 761.2 1,082.7 -321.5 293.9 241.7 52.2 3,598.2 2,689.0
1992 ................................. 1,091.3 1,381.7 -290.4 788.9 1,129.3 -340.5 302.4 252.3 50.1 4,001.8 2,999.7
1993 ................................. 1,154.4 1,409.5 -255.1 842.5 1,142.9 -300.4 311.9 266.6 45.3 4,351.0 3,248.4
1994 ................................. 1,258.6 1,461.9 -203.3 923.6 1,182.5 -258.9 335.0 279.4 55.7 4,643.3 3,433.1
1995 ................................. 1,351.8 1,515.8 -164.0 1,000.8 1,227.1 -226.4 351.1 288.7 62.4 4,920.6 3,604.4
1996 ................................. 1,453.1 1,560.5 -107.5 1,085.6 1,259.6 -174.1 367.5 300.9 66.6 5,181.5 3,734.1
1997 ................................. 1,579.3 1,601.3 -22.0 1,187.3 1,290.6 -103.3 392.0 310.6 81.4 5,369.2 3,772.3
1998 ................................. 1,721.8 1,652.6 69.2 1,306.0 1,336.0 -30.0 415.8 316.6 99.2 5,478.2 3,721.1
1999 ................................. 1,827.5 1,701.9 125.6 1,383.0 1,381.1 1.9 444.5 320.8 123.7 5,605.5 3,632.4
2000 ................................. 2,025.2 1,788.8 236.4 1,544.6 1,458.0 86.6 480.6 330.8 149.8 5,628.7 3,409.8
2001 ................................. 1,991.2 1,863.9 127.3 1,483.7 1,517.1 -33.4 507.5 346.8 160.7 5,769.9 3,319.6
2002 ................................. 1,853.2 2,011.0 -157.8 1,337.9 1,655.3 -317.5 515.3 355.7 159.7 6,198.4 3,540.4
2003 \1\.............................. 1,782.3 2,156.5 -374.2 1,258.5 1,793.5 -535.1 523.8 363.0 160.8 6,759.8 r 3,914.
6
2004 (estimates)...................... 1,797.4 2,272.4 -475.0 1,251.2 1,890.2 -639.0 546.3 382.3 164.0 7,586.3 4,473.5
Cumulative total, first 2 months: \2\
Fiscal year 2003.................... 244.6 357.5 -112.9 168.7 288.3 -119.6 75.9 69.2 6.6 6,316.2 3,636.8
Fiscal year 2004.................... 254.0 366.5 -112.5 176.1 294.6 -118.6 78.0 71.9 6.0 6,900.9 4,022.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Data from Final Monthly
Treasury Statement, October 2003,
issued October 20, 2003.
\2\ Data from current issue
Monthly Treasury Statement.
Note.--Data for fiscal 2002 and
2004 are from Mid-Session Review of
the FY 2004 Budget issued July 15,
2003. Other data (except as noted)
are from Budget of the United States
Government, Fiscal Year 2004, issued
February 3, 2003.
Sources: Department of the
Treasury and Office of Management
and Budget.