[Economic Indicators December, 2007]
[Page Number 32]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                             FEDERAL FINANCE

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the second month of fiscal 2008, there was a deficit of $153.8 
billion, compared with a deficit of $122.4 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991 .................................   1,055.1   1,324.3     -269.2     761.2    1,082.6     -321.4     293.9     241.7      52.2    3,598.2   2,689.0
1992 .................................   1,091.3   1,381.6     -290.3     788.9    1,129.3     -340.4     302.4     252.3      50.1    4,001.8   2,999.7
1993 .................................   1,154.5   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 .................................   1,258.7   1,461.9     -203.2     923.7    1,182.5     -258.8     335.0     279.4      55.7    4,643.3   3,433.1
1995 .................................   1,351.9   1,515.9     -164.0   1,000.9    1,227.2     -226.4     351.1     288.7      62.4    4,920.6   3,604.4
1996 .................................   1,453.2   1,560.6     -107.4   1,085.7    1,259.7     -174.0     367.5     300.9      66.6    5,181.5   3,734.1
1997 .................................   1,579.4   1,601.3      -21.9   1,187.4    1,290.7     -103.2     392.0     310.6      81.4    5,369.2   3,772.3
1998 .................................   1,722.0   1,652.7       69.3   1,306.2    1,336.1      -29.9     415.8     316.6      99.2    5,478.2   3,721.1
1999 .................................   1,827.6   1,702.0      125.6   1,383.2    1,381.3        1.9     444.5     320.8     123.7    5,605.5   3,632.4
 
2000 .................................   2,025.5   1,789.2      236.2   1,544.9    1,458.5       86.4     480.6     330.8     149.8    5,628.7   3,409.8
2001 .................................   1,991.4   1,863.2      128.2   1,483.9    1,516.4      -32.4     507.5     346.8     160.7    5,769.9   3,319.6
2002 .................................   1,853.4   2,011.2     -157.8   1,338.1    1,655.5     -317.4     515.3     355.7     159.7    6,198.4   3,540.4
2003 .................................   1,782.5   2,160.1     -377.6   1,258.7    1,797.1     -538.4     523.8     363.0     160.8    6,760.0   3,913.4
2004 .................................   1,880.3   2,293.0     -412.7   1,345.5    1,913.5     -568.0     534.7     379.5     155.2    7,354.7   4,295.5
2005..................................   2,153.9   2,472.2     -318.3   1,576.4    2,070.0     -493.6     577.5     402.2     175.3    7,905.3   4,592.2
2006 .................................   2,407.3   2,655.4     -248.2   1,798.9    2,233.4     -434.5     608.4     422.1     186.3    8,451.4   4,829.0
2007 \1\..............................   2,567.7   2,730.5     -162.8   1,932.6    2,276.9     -344.3     635.1     453.6     181.5    8,948.5   5,032.9
2008 (estimates) .....................   2,659.4   2,917.7     -258.3   1,990.7    2,450.7     -459.9     668.6     467.1     201.6    9,528.6   5,321.5
 
Cumulative total, first 2 months: \2\
  Fiscal year 2007....................     313.6     435.9     -122.4     224.6      350.2     -125.7      89.0      85.7       3.3    8,574.4   4,915.8
  Fiscal year 2008....................     329.2     483.0     -153.8     235.9      392.1     -156.2      93.4      90.9       2.4    9,093.7   5,131.3
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    \1\ Data from Final Monthly 
Treasury Statement for fiscal 2007 
released on October 11, 2007.
    \2\ Data from current issue 
Monthly Treasury Statement.
    Note.--Data for fiscal 2008 are 
from Mid-Session Review, Budget of 
the U.S. Government, Fiscal Year 
2008, issued July 11, 2007. Other 
data (except as noted) are from 
Budget of the United States 
Government, Fiscal Year 2008, issued 
February 5, 2007.

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