[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b77._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-77.--Federal receipts, outlays, and debt, fiscal years 1989-95
[Millions of dollars; fiscal years]
----------------------------------------------------------------------------------------------------------------
Actual                                   Estimates
Description         -----------------------------------------------------------------------------------
1989        1990        1991        1992        1993        1994        1995
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RECEIPTS AND OUTLAYS:
Total receipts..............     990,691   1,031,321   1,054,272   1,090,453   1,153,535   1,257,745   1,350,576
Total outlays...............   1,143,172   1,252,705   1,323,441   1,380,856   1,408,675   1,460,914   1,514,389

Total surplus or deficit (-
)........................    -152,481    -221,384    -269,169    -290,403    -255,140    -203,169    -163,813

On-budget receipts..........     727,026     749,666     760,388     788,027     841,601     922,719     999,496
On-budget outlays...........     932,261   1,027,640   1,081,754   1,128,518   1,142,088   1,181,542   1,225,724

On-budget surplus or
deficit (-)................    -205,235    -277,974    -321,367    -340,490    -300,487    -258,823    -226,228

Off-budget receipts.........     263,666     281,656     293,885     302,426     311,934     335,026     351,080
Off-budget outlays..........     210,911     225,065     241,687     252,339     266,587     279,372     288,665

Off-budget surplus or
deficit (-)..............      52,754      56,590      52,198      50,087      45,347      55,654      62,415

OUTSTANDING DEBT, END OF
PERIOD:
Gross Federal debt..........   2,868,039   3,206,564   3,598,498   4,002,136   4,351,416   4,643,711   4,920,950

Held by Government
accounts.................     678,157     795,841     910,362   1,003,302   1,103,945   1,211,498   1,317,612
Held by the public........   2,189,882   2,410,722   2,688,137   2,998,834   3,247,471   3,432,213   3,603,338

Federal Reserve System..     220,088     234,410     258,591     296,397     325,653     355,150  ..........
Other...................   1,969,795   2,176,312   2,429,546   2,702,437   2,921,818   3,077,063  ..........
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RECEIPTS: ON-BUDGET AND OFF-
BUDGET.....................     990,691   1,031,321   1,054,272   1,090,453   1,153,535   1,257,745   1,350,576

Individual income taxes.....     445,690     466,884     467,827     475,964     509,680     543,055     590,157
Corporation income taxes....     103,291      93,507      98,086     100,270     117,520     140,385     157,088
Social insurance taxes and
contributions..............     359,416     380,047     396,016     413,689     428,300     461,475     484,474

On-budget.................      95,751      98,392     102,131     111,263     116,366     126,450  ..........
Off-budget................     263,666     281,656     293,885     302,426     311,934     335,026  ..........

Excise taxes................      34,386      35,345      42,402      45,569      48,057      55,225      57,485
Estate and gift taxes.......       8,745      11,500      11,138      11,143      12,577      15,225      14,764
Customs duties and fees.....      16,334      16,707      15,949      17,359      18,802      20,099      19,300
Miscellaneous receipts......      22,829      27,330      22,854      26,458      18,599      22,282      27,306
Deposits of earnings by
Federal
Reserve System..........      19,604      24,319      19,158      22,920      14,908      18,023  ..........
All other.................       3,225       3,011       3,696       3,538       3,691       4,259  ..........

OUTLAYS: ON-BUDGET AND OFF-
BUDGET.....................   1,143,172   1,252,705   1,323,441   1,380,856   1,408,675   1,460,914   1,514,389

National defense............     303,559     299,331     273,292     298,350     291,086     281,563     272,179
International affairs.......       9,573      13,764      15,851      16,107      17,248      17,083      16,448
General science, space, and
technology.................      12,838      14,444      16,111      16,409      17,030      16,227      17,563
Energy......................       2,706       3,341       2,436       4,500       4,319       5,219       5,146
Natural resources and
environment................      16,182      17,080      18,559      20,025      20,239      21,064      23,328
Agriculture.................      16,919      11,958      15,183      15,205      20,490      15,121       9,763
Commerce and housing credit.      29,211      67,142      75,312      10,093     -22,719      -5,122     -18,740

On-budget.................      29,520      65,516      73,994       9,434     -24,160      -6,225  ..........
Off-budget................        -310       1,626       1,317         659       1,441       1,103  ..........

Transportation..............      27,608      29,485      31,099      33,333      35,004      38,134      38,555
Community and regional
development................       5,362       8,498       6,811       6,838       9,052      10,454      11,000
Education,  training,  emplo
yment,  and social services      36,674      38,755      43,354      45,248      50,012      46,307      52,706
Health......................      48,390      57,716      71,183      89,497      99,415     107,122     114,760
Medicare....................      84,964      98,102     104,489     119,024     130,552     144,747     159,854
Income security.............     136,031     147,022     170,276     196,948     207,250     214,036     220,214
Social security.............     232,542     248,623     269,015     287,585     304,585     319,565     335,847

On-budget.................       5,069       3,625       2,619       6,166       6,236       5,683  ..........
Off-budget................     227,473     244,998     266,395     281,418     298,349     313,881  ..........

Veterans benefits and
services...................      30,066      29,112      31,349      34,138      35,720      37,642      37,935
Administration of justice...       9,474       9,993      12,276      14,426      14,955      15,256      16,255
General government..........       9,017      10,734      11,661      12,990      13,009      11,312      13,856
Net interest................     169,266     184,221     194,541     199,421     198,811     202,957     232,175

On-budget.................     180,661     200,212     214,763     223,059     225,599     232,160  ..........
Off-budget................     -11,395     -15,991     -20,222     -23,637     -26,788     -29,203  ..........

Undistributed offsetting
receipts...................     -37,212     -36,615     -39,356     -39,280     -37,386     -37,772     -44,455

On-budget.................     -32,354     -31,048     -33,553     -33,179     -30,970     -31,362  ..........
Off-budget................      -4,858      -5,567      -5,804      -6,101      -6,416      -6,409  ..........
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Note.--Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal
year 1977), the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976
through September 30, 1976 is a separate fiscal period known as the transition quarter.
Refunds of receipts are excluded from receipts and outlays.
Data shown in this table are from Budget of the United States Government, Fiscal Year 1996, February 1995,
except 1995 data are from Final Monthly Treasury Statement, October 1995.

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