[Economic Indicators January, 2004]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 3 months of fiscal 2004, there was a deficit of $128.7 
billion, compared with a deficit of $108.2 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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  r 1,863.    r 127.4   1,483.7  r 1,516.9      -33.4     507.5     346.8     160.7    5,769.9   3,319.6
                                                         8
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 r................................   1,782.3   2,157.6     -375.3   1,258.5    1,794.6     -536.1     523.8     363.0     160.8    6,760.0   3,913.6
2004 (estimates)......................   1,798.1   2,318.8     -520.7   1,264.1    1,938.9     -674.8     534.0     380.0     154.0    7,486.4   4,420.8
Cumulative total, first 3 months: \1\
  Fiscal year 2003....................     427.3     535.6     -108.2     309.4      470.7     -161.4     118.0      64.8      53.2    6,381.5   3,637.0
  Fiscal year 2004....................     440.8     569.4     -128.7     322.8      501.1     -178.3     117.9      68.3      49.6    6,972.9   4,033.1
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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 2005, issued 
February 2, 2004.

    Sources: Department of the 
Treasury and Office of Management 
            and Budget.