[Economic Report of the President (1998)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



Table B-81.--Federal receipts, outlays, deficit, and debt, fiscal years 1993-99
[Millions of dollars; fiscal years]
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Actual                                   Estimates
Description         -----------------------------------------------------------------------------------
1993        1994        1995        1996        1997        1998        1999
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RECEIPTS AND OUTLAYS:
Total receipts..............   1,154,401   1,258,627   1,351,830   1,453,062   1,579,292   1,657,858   1,742,736
Total outlays...............   1,409,414   1,461,731   1,515,729   1,560,512   1,601,235   1,667,815   1,733,217

Total surplus or deficit (-
)........................    -255,013    -203,104    -163,899    -107,450     -21,943      -9,957       9,519

On-budget receipts..........     842,467     923,601   1,000,751   1,085,570   1,187,302   1,241,867   1,308,608
On-budget outlays...........   1,142,827   1,182,359   1,227,065   1,259,608   1,290,609   1,348,140   1,404,355

On-budget surplus or
deficit (-)................    -300,360    -258,758    -226,314    -174,038    -103,307    -106,273     -95,747

Off-budget receipts.........     311,934     335,026     351,079     367,492     391,990     415,991     434,128
Off-budget outlays..........     266,587     279,372     288,664     300,904     310,626     319,675     328,862

Off-budget surplus or
deficit (-)..............      45,347      55,654      62,415      66,588      81,364      96,316     105,266

OUTSTANDING DEBT, END OF
PERIOD:
Gross Federal debt..........   4,351,416   4,643,705   4,921,018   5,181,934   5,369,707   5,543,589   5,738,119

Held by Government
accounts.................   1,103,945   1,211,588   1,317,645   1,448,967   1,598,559   1,746,773   1,930,829
Held by the public........   3,247,471   3,432,117   3,603,373   3,732,968   3,771,148   3,796,816   3,807,290

Federal Reserve System..     325,653     355,150     374,114     390,924     424,507  ..........  ..........
Other...................   2,921,818   3,076,967   3,229,259   3,342,043   3,346,641  ..........  ..........
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RECEIPTS: ON-BUDGET AND OFF-
BUDGET.....................   1,154,401   1,258,627   1,351,830   1,453,062   1,579,292   1,657,858   1,742,736

Individual income taxes.....     509,680     543,055     590,244     656,417     737,466     767,768     791,454
Corporation income taxes....     117,520     140,385     157,004     171,824     182,293     190,842     197,965
Social insurance and
retirement receipts........     428,300     461,475     484,473     509,414     539,371     571,374     595,886

On-budget.................     116,366     126,450     133,394     141,922     147,381     155,383     161,758
Off-budget................     311,934     335,026     351,079     367,492     391,990     415,991     434,128

Excise taxes................      48,057      55,225      57,484      54,014      56,924      55,540      72,009
Estate and gift taxes.......      12,577      15,225      14,763      17,189      19,845      20,436      20,541
Customs duties and fees.....      18,802      20,099      19,301      18,670      17,928      18,363      18,175
Miscellaneous receipts:
Deposits of earnings by
Federal
Reserve System..........      14,908      18,023      23,378      20,477      19,636      24,991      24,642
All other \1\.............       4,557       5,141       5,183       5,057       5,829       8,544      22,064

OUTLAYS: ON-BUDGET AND OFF-
BUDGET.....................   1,409,414   1,461,731   1,515,729   1,560,512   1,601,235   1,667,815   1,733,217

National defense............     291,086     281,642     272,066     265,748     270,473     264,112     265,489
International affairs.......      17,248      17,083      16,434      13,496      15,228      14,480      14,463
General science, space, and
technology.................      17,030      16,227      16,724      16,709      17,174      17,093      17,616
Energy......................       4,319       5,219       4,936       2,844       1,483         403      -1,045
Natural resources and
environment................      20,239      21,064      22,078      21,614      21,369      23,822      23,237
Agriculture.................      20,363      15,046       9,778       9,159       9,032      10,580      11,017
Commerce and housing credit.     -21,853      -4,228     -17,808     -10,472     -14,624       3,525       3,541

On-budget.................     -23,294      -5,331     -15,839     -10,292     -14,575       1,804       2,695
Off-budget................       1,441       1,103      -1,969        -180         -49       1,721         846

Transportation..............      35,004      38,066      39,350      39,565      40,767      41,535      42,259
Community and regional
development................       9,052      10,454      10,641      10,685      11,005      11,802      10,918
Education,  training,  emplo
yment,  and social services      50,012      46,307      54,263      52,001      53,008      55,114      59,488
Health......................      99,415     107,122     115,418     119,378     123,843     131,772     141,457
Medicare....................     130,552     144,747     159,855     174,225     190,016     198,135     207,271
Income security.............     207,299     214,089     220,493     225,989     230,886     239,349     252,808
Social security.............     304,585     319,565     335,846     349,676     365,257     381,499     396,217

On-budget.................       6,236       5,683       5,476       5,807       6,885       9,660       8,911
Off-budget................     298,349     313,881     330,370     343,869     358,372     371,839     387,306

Veterans benefits and
services...................      35,671      37,584      37,890      36,985      39,313      43,114      43,272
Administration of justice...      14,955      15,256      16,216      17,548      20,197      22,274      25,524
General government..........      13,009      11,303      13,835      11,892      12,768      12,878      17,173
Net interest................     198,811     202,957     232,169     241,090     244,013     242,694     241,754

On-budget.................     225,599     232,160     265,474     277,597     285,227     289,424     293,377
Off-budget................     -26,788     -29,203     -33,305     -36,507     -41,214     -46,730     -51,623

Allowances..................  ..........  ..........  ..........  ..........  ..........  ..........       3,250
Undistributed offsetting
receipts...................     -37,386     -37,772     -44,455     -37,620     -49,973     -46,366     -42,492

On-budget.................     -30,970     -31,362     -38,023     -31,342     -43,490     -39,211     -34,825
Off-budget................      -6,416      -6,409      -6,432      -6,278      -6,483      -7,155      -7,667
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\1\ Beginning 1984, includes universal service fund receipts. Beginning 1999, includes receipts from tobacco
legislation.

Note.--See Note, Table B-78.

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