[Economic Indicators January, 2005]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 4 months of fiscal 2005, there was a deficit of $109.2 
billion, compared with a deficit of $131.5 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1988 .................................     909.3   1,064.5     -155.2     667.8     r860.1    r-192.3     241.5    r204.4     r37.1    2,601.1   2,051.6
1989 .................................     991.2  r1,143.8    r-152.6     727.5     r932.9    r-205.4     263.7     210.9      52.8    2,867.8   2,190.7
 
1990 .................................   1,032.0  r1,253.1    r-221.1     750.3    1,028.1    r-277.7     281.7     225.1      56.6    3,206.3   2,411.6
1991 .................................   1,055.0  r1,324.3     -269.3     761.2   r1,082.6     -321.5     293.9     241.7      52.2    3,598.2   2,689.0
1992 .................................   1,091.3  r1,381.6    r-290.3     788.9    1,129.3    r-340.4     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    r-203.2     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   r1,227.2     -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  r1,601.2     r-21.9   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     r125.5   1,383.0    1,381.1        1.9     444.5     320.8     123.7    5,605.5   3,632.4
 
2000 .................................   2,025.2  r 1,789.    r 236.2   1,544.6   r1,458.3     r 86.3     480.6     330.8     149.8    5,628.7   3,409.8
                                                         1
2001 .................................   1,991.2  r 1,863.    r 128.2   1,483.7  r 1,516.2     r-32.5     507.5     346.8     160.7    5,769.9   3,319.6
                                                         0
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   2,159.9     -377.6   1,258.5    1,796.9     -538.4     523.8     363.0     160.8    6,760.0   3,913.4
2004 r................................   1,880.1   2,292.2     -412.1   1,345.3    1,912.7     -567.4     534.7     379.5     155.2    7,354.7   4,295.5
2005 (estimates) r....................   2,052.8   2,479.4     -426.6   1,491.5    2,080.0     -588.5     561.4     399.4     162.0    8,031.4   4,721.2
Cumulative total, first 4 months: \1\
  Fiscal year 2004 ...................     625.9     757.5     -131.5     456.1      652.3     -196.2     169.9     105.2      64.7    6,986.6   4,036.6
  Fiscal year 2005 ...................     689.4     798.7     -109.2     510.2      688.8     -178.7     179.2     109.8      69.4    7,600.9   4,415.1
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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 2006, issued 
February 7, 2005.

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