[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



GOVERNMENT FINANCE


[[Page 422]]


Table B-81.--Federal receipts, outlays, deficit, and debt, fiscal years 1994-2000
[Millions of dollars; fiscal years]
----------------------------------------------------------------------------------------------------------------
Actual                                   Estimates
Description         -----------------------------------------------------------------------------------
1994        1995        1996        1997        1998        1999        2000
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RECEIPTS AND OUTLAYS:
Total receipts..............   1,258,627   1,351,830   1,453,062   1,579,292   1,721,798   1,806,334   1,882,992
Total outlays...............   1,461,731   1,515,729   1,560,512   1,601,232   1,652,552   1,727,071   1,765,687

Total surplus or deficit (-
)........................    -203,104    -163,899    -107,450     -21,940      69,246      79,263     117,305

On-budget receipts..........     923,601   1,000,751   1,085,570   1,187,302   1,305,999   1,362,298   1,417,678
On-budget outlays...........   1,182,359   1,227,065   1,259,608   1,290,606   1,335,948   1,404,015   1,429,830

On-budget surplus or
deficit (-)................    -258,758    -226,314    -174,038    -103,304     -29,949     -41,717     -12,152

Off-budget receipts.........     335,026     351,079     367,492     391,990     415,799     444,036     465,314
Off-budget outlays..........     279,372     288,664     300,904     310,626     316,604     323,056     335,857

Off-budget surplus or
deficit (-)..............      55,654      62,415      66,588      81,364      99,195     120,980     129,457

OUTSTANDING DEBT, END OF
PERIOD:
Gross Federal debt..........   4,643,705   4,921,018   5,181,934   5,369,707   5,478,724   5,614,934   5,711,380

Held by Government
accounts.................   1,211,588   1,317,645   1,448,967   1,598,559   1,758,846   1,945,197   2,139,550
Held by the public........   3,432,117   3,603,373   3,732,968   3,771,148   3,719,878   3,669,737   3,571,830

Federal Reserve System..     355,150     374,114     390,924     424,507     458,131  ..........  ..........
Other...................   3,076,967   3,229,259   3,342,043   3,346,641   3,261,747  ..........  ..........
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RECEIPTS: ON-BUDGET AND OFF-
BUDGET.....................   1,258,627   1,351,830   1,453,062   1,579,292   1,721,798   1,806,334   1,882,992

Individual income taxes.....     543,055     590,244     656,417     737,466     828,586     868,945     899,741
Corporation income taxes....     140,385     157,004     171,824     182,293     188,677     182,210     189,356
Social insurance and
retirement receipts........     461,475     484,473     509,414     539,371     571,831     608,824     636,529

On-budget.................     126,450     133,394     141,922     147,381     156,032     164,788     171,215
Off-budget................     335,026     351,079     367,492     391,990     415,799     444,036     465,314

Excise taxes................      55,225      57,484      54,014      56,924      57,673      68,075      69,902
Estate and gift taxes.......      15,225      14,763      17,189      19,845      24,076      25,932      26,972
Customs duties and fees.....      20,099      19,301      18,670      17,928      18,297      17,654      18,364
Miscellaneous receipts:
Deposits of earnings by
Federal
Reserve System..........      18,023      23,378      20,477      19,636      24,540      26,354      25,231
All other\1\..............       5,141       5,183       5,057       5,829       8,118       8,340      16,897

OUTLAYS: ON-BUDGET AND OFF-
BUDGET.....................   1,461,731   1,515,729   1,560,512   1,601,232   1,652,552   1,727,071   1,765,687

National defense............     281,642     272,066     265,753     270,505     268,456     276,730     274,069
International affairs.......      17,083      16,434      13,496      15,228      13,109      15,474      16,102
General science, space, and
technology.................      16,227      16,724      16,709      17,174      18,219      18,529      18,569
Energy......................       5,219       4,936       2,839       1,475       1,270          49      -1,995
Natural resources and
environment................      21,064      22,078      21,614      21,369      22,396      24,261      23,746
Agriculture.................      15,046       9,778       9,159       9,032      12,206      21,449      15,146
Commerce and housing credit.      -4,228     -17,808     -10,472     -14,624       1,014         452       6,352

On-budget.................      -5,331     -15,839     -10,292     -14,575         797        -512       4,519
Off-budget................       1,103      -1,969        -180         -49         217         964       1,833

Transportation..............      38,066      39,350      39,565      40,767      40,332      42,640      46,435
Community and regional
development................      10,454      10,641      10,685      11,005       9,720      10,428      10,234
Education,  training,  emplo
yment,  and social services      46,307      54,263      52,001      53,008      54,919      60,065      63,351
Health......................     107,122     115,418     119,378     123,843     131,440     143,095     152,270
Medicare....................     144,747     159,855     174,225     190,016     192,822     204,982     216,599
Income security.............     214,085     220,493     225,967     230,899     233,202     243,130     258,029
Social security.............     319,565     335,846     349,676     365,257     379,225     392,608     408,575

On-budget.................       5,683       5,476       5,807       6,885       9,156      11,292      10,354
Off-budget................     313,881     330,370     343,869     358,372     370,069     381,316     398,221

Veterans benefits and
services...................      37,584      37,890      36,985      39,313      41,781      43,526      44,024
Administration of justice...      15,256      16,216      17,548      20,173      22,832      24,467      27,529
General government..........      11,307      13,835      11,914      12,749      13,444      14,852      14,490
Net interest................     202,957     232,169     241,090     244,016     243,359     227,244     215,187

On-budget.................     232,160     265,474     277,597     285,230     289,989     279,113     271,679
Off-budget................     -29,203     -33,305     -36,507     -41,214     -46,630     -51,869     -56,492

Allowances..................  ..........  ..........  ..........  ..........  ..........       3,118       2,631
Undistributed offsetting
receipts...................     -37,772     -44,455     -37,620     -49,973     -47,194     -40,028     -45,656

On-budget.................     -31,362     -38,023     -31,342     -43,490     -40,142     -32,673     -37,951
Off-budget................      -6,409      -6,432      -6,278      -6,483      -7,052      -7,355      -7,705
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\1\Beginning 1984, includes universal service fund receipts. Beginning 2000, includes receipts from tobacco
legislation.

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

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