[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b79._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-79.--Federal receipts, outlays, deficit, and debt, fiscal years 1992-98
[Millions of dollars; fiscal years]
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Actual                                   Estimates
Description         -----------------------------------------------------------------------------------
1992        1993        1994        1995        1996        1997        1998
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RECEIPTS AND OUTLAYS:
Total receipts..............   1,091,279   1,154,401   1,258,627   1,351,830   1,453,062   1,505,425   1,566,842
Total outlays...............   1,381,681   1,409,414   1,461,731   1,515,729   1,560,330   1,631,016   1,687,475

Total surplus or deficit (-
)........................    -290,402    -255,013    -203,104    -163,899    -107,268    -125,591    -120,633

On-budget receipts..........     788,853     842,467     923,601   1,000,751   1,085,570   1,116,522   1,161,898
On-budget outlays...........   1,129,343   1,142,827   1,182,359   1,227,065   1,259,872   1,316,014   1,358,896

On-budget surplus or
deficit (-)................    -340,489    -300,360    -258,758    -226,314    -174,302    -199,492    -196,998

Off-budget receipts.........     302,426     311,934     335,026     351,079     367,492     388,903     404,944
Off-budget outlays..........     252,339     266,587     279,372     288,664     300,458     315,002     328,579

Off-budget surplus or
deficit (-)..............      50,087      45,347      55,654      62,415      67,034      73,901      76,365

OUTSTANDING DEBT, END OF
PERIOD:
Gross Federal debt..........   4,002,136   4,351,416   4,643,705   4,921,018   5,181,930   5,453,677   5,736,159

Held by Government
accounts.................   1,003,302   1,103,945   1,211,588   1,317,645   1,448,967   1,577,902   1,714,801
Held by the public........   2,998,834   3,247,471   3,432,117   3,603,373   3,732,964   3,875,775   4,021,358

Federal Reserve System..     296,397     325,653     355,150     374,114     390,924  ..........  ..........
Other...................   2,702,437   2,921,818   3,076,967   3,229,259   3,342,039  ..........  ..........
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RECEIPTS: ON-BUDGET AND OFF-
BUDGET.....................   1,091,279   1,154,401   1,258,627   1,351,830   1,453,062   1,505,425   1,566,842

Individual income taxes.....     475,964     509,680     543,055     590,244     656,417     672,683     691,199
Corporation income taxes....     100,270     117,520     140,385     157,004     171,824     176,199     189,662
Social insurance taxes and
contributions..............     413,689     428,300     461,475     484,473     509,414     535,766     557,783

On-budget.................     111,263     116,366     126,450     133,394     141,922     146,863     152,839
Off-budget................     302,426     311,934     335,026     351,079     367,492     388,903     404,944

Excise taxes................      45,569      48,057      55,225      57,484      54,014      57,247      61,239
Estate and gift taxes.......      11,143      12,577      15,225      14,763      17,189      17,588      18,817
Customs duties and fees.....      17,359      18,802      20,099      19,301      18,670      17,328      18,307
Miscellaneous receipts......      27,284      19,465      23,164      28,561      25,534      28,614      29,835
Deposits of earnings by
Federal
Reserve System..........      22,920      14,908      18,023      23,378      20,477      23,184      23,006
All other.................       4,364       4,557       5,141       5,183       5,057       5,430       6,829

OUTLAYS: ON-BUDGET AND OFF-
BUDGET.....................   1,381,681   1,409,414   1,461,731   1,515,729   1,560,330   1,631,016   1,687,475

National defense............     298,350     291,086     281,642     272,066     265,748     267,176     259,388
International affairs.......      16,107      17,248      17,083      16,434      13,496      14,822      14,905
General science, space, and
technology.................      16,409      17,030      16,227      16,724      16,709      16,551      16,488
Energy......................       4,500       4,319       5,219       4,936       2,836       2,053       2,279
Natural resources and
environment................      20,025      20,239      21,064      22,078      21,614      22,773      22,314
Agriculture.................      15,205      20,363      15,046       9,778       9,159      10,252      12,341
Commerce and housing credit.      10,919     -21,853      -4,228     -17,808     -10,646      -8,808       3,359

On-budget.................      10,260     -23,294      -5,331     -15,839     -10,020     -10,784        -735
Off-budget................         659       1,441       1,103      -1,969        -626       1,976       4,094

Transportation..............      33,332      35,004      38,066      39,350      39,565      39,262      39,259
Community and regional
development................       6,838       9,052      10,454      10,641      10,685      12,752      11,435
Education,  training,  emplo
yment,  and social services      45,248      50,012      46,307      54,263      52,001      51,291      56,204
Health......................      89,497      99,415     107,122     115,418     119,378     127,630     138,241
Medicare....................     119,024     130,552     144,747     159,855     174,225     194,256     207,084
Income security.............     197,022     207,299     214,089     220,493     225,989     238,855     247,499
Social security.............     287,585     304,585     319,565     335,846     349,676     367,713     384,338

On-budget.................       6,166       6,236       5,683       5,476       5,807       6,944       7,626
Off-budget................     281,418     298,349     313,881     330,370     343,869     360,769     376,712

Veterans benefits and
services...................      34,064      35,671      37,585      37,890      36,985      39,650      40,971
Administration of justice...      14,426      14,955      15,256      16,216      17,548      20,784      24,228
General government..........      12,990      13,009      11,303      13,835      11,892      13,109      12,873
Net interest................     199,421     198,811     202,957     232,169     241,090     247,382     249,859

On-budget.................     223,059     225,599     232,160     265,474     277,597     288,620     295,058
Off-budget................     -23,637     -26,788     -29,203     -33,305     -36,507     -41,238     -45,199

Undistributed offsetting
receipts...................     -39,280     -37,386     -37,772     -44,455     -37,620     -46,487     -55,590

On-budget.................     -33,179     -30,970     -31,362     -38,023     -31,342     -39,982     -48,562
Off-budget................      -6,101      -6,416      -6,409      -6,432      -6,278      -6,505      -7,028
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Note.--See Note, Table B-76.

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