[Economic Report of the President (2001)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-81.--Federal receipts, outlays, deficit, and debt, fiscal years 1995-2000
[Millions of dollars; fiscal years]
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Actual                              Estimates
Description              ------------------------------------------------------------------\1\----
1995        1996        1997        1998        1999         2000
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RECEIPTS AND OUTLAYS:
Total receipts........................   1,351,830   1,453,062   1,579,292   1,721,798   1,827,454    2,025,038
Total outlays.........................   1,515,837   1,560,572   1,601,282   1,652,619   1,703,042    1,788,045

Total surplus or deficit (-)........    -164,007    -107,510     -21,990      69,179     124,412      236,993

On-budget receipts....................   1,000,751   1,085,570   1,187,302   1,305,999   1,382,986    1,544,455
On-budget outlays.....................   1,227,173   1,259,668   1,290,656   1,336,015   1,382,264    1,457,280

On-budget surplus or deficit (-)..    -226,422    -174,098    -103,354     -30,016         722       87,175

Off-budget receipts...................     351,079     367,492     391,990     415,799     444,468      480,583
Off-budget outlays....................     288,664     300,904     310,626     316,604     320,778      330,765

Off-budget surplus or deficit (-)...      62,415      66,588      81,364      99,195     123,690      149,818

OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt....................   4,921,005   5,181,921   5,369,694   5,478,711   5,606,087    5,629,009

Held by Government accounts.........   1,316,208   1,447,392   1,596,862   1,757,090   1,973,160    2,218,760
Held by the public..................   3,604,797   3,734,529   3,772,832   3,721,621   3,632,927    3,410,248

Federal Reserve System............     374,114     390,924     424,507     458,131     488,865  ............
Other.............................   3,230,683   3,343,605   3,348,324   3,263,490   3,144,062  ............
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RECEIPTS: ON-BUDGET AND OFF-BUDGET....   1,351,830   1,453,062   1,579,292   1,721,798   1,827,454    2,025,038

Individual income taxes...............     590,244     656,417     737,466     828,586     879,480    1,004,461
Corporation income taxes..............     157,004     171,824     182,293     188,677     184,680      207,288
Social insurance and retirement            484,473     509,414     539,371     571,831     611,833      652,851
receipts.............................

On-budget...........................     133,394     141,922     147,381     156,032     167,365  ............
Off-budget..........................     351,079     367,492     391,990     415,799     444,468  ............

Excise taxes..........................      57,484      54,014      56,924      57,673      70,414       68,866
Estate and gift taxes.................      14,763      17,189      19,845      24,076      27,782       29,010
Customs duties and fees...............      19,301      18,670      17,928      18,297      18,336       19,913
Miscellaneous receipts................      28,561      25,534      25,465      32,658      34,929       42,647
Deposits of earnings by Federal
Reserve System....................      23,378      20,477      19,636      24,540      25,917  ............
All other \2\.......................       5,183       5,057       5,829       8,118       9,012  ............

OUTLAYS: ON-BUDGET AND OFF-BUDGET.....   1,515,837   1,560,572   1,601,282   1,652,619   1,703,042    1,788,045

National defense......................     272,066     265,753     270,505     268,456     274,873      293,856
International affairs.................      16,434      13,496      15,228      13,109      15,243       17,252
General science, space and technology.      16,724      16,709      17,174      18,219      18,125       19,707
Energy................................       4,936       2,839       1,475       1,270         912       -1,020
Natural resources and environment.....      21,915      21,524      21,227      22,300      23,968       23,295
Agriculture...........................       9,778       9,159       9,032      12,206      23,011       38,472
Commerce and housing credit...........     -17,808     -10,472     -14,624       1,014       2,647        3,321

On-budget...........................     -15,839     -10,292     -14,575         797       1,626  ............
Off-budget..........................      -1,969        -180         -49         217       1,021  ............

Transportation........................      39,350      39,565      40,767      40,343      42,533       46,211
Community and regional development....      10,749      10,745      11,055       9,776      11,870       11,687
Education,  training,  employment,  an      54,263      52,001      53,008      54,954      56,408       58,364
d social services....................
Health................................     115,418     119,378     123,843     131,442     141,074      154,215
Medicare..............................     159,855     174,225     190,016     192,822     190,447      197,115
Income security.......................     220,493     225,967     230,899     233,202     237,707      247,380
Social security.......................     335,846     349,676     365,257     379,225     390,041      409,437

On-budget...........................       5,476       5,807       6,885       9,156      10,828  ............
Off-budget..........................     330,370     343,869     358,372     370,069     379,213  ............

Veterans benefits and services........      37,890      36,985      39,313      41,781      43,212       47,084
Administration of justice.............      16,216      17,548      20,173      22,832      25,924       27,704
General government....................      13,998      12,004      12,891      15,709      15,757       13,721
Net interest..........................     232,169     241,090     244,016     241,153     229,735      222,825

On-budget...........................     265,474     277,597     285,230     287,783     281,806  ............
Off-budget..........................     -33,305     -36,507     -41,214     -46,630     -52,071  ............

Undistributed offsetting receipts.....     -44,455     -37,620     -49,973     -47,194     -40,445      -42,581

On-budget...........................     -38,023     -31,342     -43,490     -40,142     -33,060  ............
Off-budget..........................      -6,432      -6,278      -6,483      -7,052      -7,385  ............
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\1\ Estimates for 2000 from Final Monthly Treasury Statement,  issued October 2000. For more recent estimates of
total receipts, outlays, and surplus, see Table B-78.
\2\ Beginning 1984, includes universal service fund receipts.

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

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