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



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 2 months of fiscal 2005, there was a deficit of $115.2 
billion, compared with a deficit of $112.5 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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   1,863.8      127.4   1,483.7    1,516.9      -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\..............................   1,782.1   2,159.2     -377.1   1,258.3    1,796.2     -538.0     523.8     363.0     160.8    6,758.7   3,913.3
2004 \1\ .............................   1,879.8   2,292.4     -412.6   1,345.1    1,912.8     -567.8     534.7     379.5     155.2    7,352.0   4,293.0
2005 (estimates) .....................   2,091.4   2,422.6     -331.2   1,513.7    2,025.4     -511.7     577.7     397.2     180.5    8,016.1   4,664.7
Cumulative total, first 2 months: \2\
  Fiscal year 2004 ...................     254.0     366.5     -112.5     176.1      294.6     -118.6      78.0      71.9       6.0    6,900.8   4,022.3
  Fiscal year 2005 ...................     271.4     386.6     -115.2     189.9      311.8     -121.9      81.5      74.8       6.7    7,497.5   4,395.3
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    \1\ Data from Final Monthly 
Treasury Statement for fiscal 2004 
released October 14, 2004.
    \2\ Data from current issue 
Monthly Treasury Statement.
    Note.--Data for fiscal 2005 are 
from Mid-Session Review of the FY 
2005 Budget issued July 30, 2004. 
Other 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.