[Economic Report of the President (2002)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-81.--Federal receipts, outlays, surplus or deficit, and debt, fiscal years 1998-2003 [Millions of dollars; fiscal years] ---------------------------------------------------------------------------------------------------------------- Actual Estimates Description ----------------------------------------------------------------------- 1998 1999 2000 2001 2002 2003 ---------------------------------------------------------------------------------------------------------------- RECEIPTS AND OUTLAYS: Total receipts.......................... 1,721,798 1,827,454 2,025,218 1,991,030 1,946,136 2,048,060 Total outlays........................... 1,652,619 1,701,932 1,788,826 1,863,926 2,052,320 2,128,230 Total surplus or deficit (-).......... 69,179 125,522 236,392 127,104 -106,184 -80,170 On-budget receipts...................... 1,305,999 1,382,986 1,544,634 1,483,511 1,428,938 1,502,717 On-budget outlays....................... 1,336,015 1,381,154 1,458,061 1,516,933 1,690,621 1,761,470 On-budget surplus or deficit (-).... -30,016 1,832 86,573 -33,422 -261,683 -258,753 Off-budget receipts..................... 415,799 444,468 480,584 507,519 517,198 545,343 Off-budget outlays...................... 316,604 320,778 330,765 346,993 361,699 366,760 Off-budget surplus or deficit (-)..... 99,195 123,690 149,819 160,526 155,499 178,583 OUTSTANDING DEBT, END OF PERIOD: Gross Federal debt...................... 5,478,711 5,606,087 5,629,016 5,770,256 6,137,074 6,525,872 Held by Federal Government accounts... 1,757,090 1,973,160 2,218,896 2,450,266 2,659,602 2,955,602 Held by the public.................... 3,721,621 3,632,927 3,410,120 3,319,990 3,477,472 3,570,270 Federal Reserve System.............. 458,182 496,644 511,413 534,135 .......... .......... Other............................... 3,263,439 3,136,283 2,898,707 2,785,855 .......... .......... ---------------------------------------------------------------------------------------------------------------- RECEIPTS: ON-BUDGET AND OFF-BUDGET...... 1,721,798 1,827,454 2,025,218 1,991,030 1,946,136 2,048,060 Individual income taxes................. 828,586 879,480 1,004,462 994,339 949,239 1,006,354 Corporation income taxes................ 188,677 184,680 207,289 151,075 201,445 205,489 Social insurance and retirement receipts 571,831 611,833 652,852 693,967 708,035 749,212 On-budget............................. 156,032 167,365 172,268 186,448 190,837 203,869 Off-budget............................ 415,799 444,468 480,584 507,519 517,198 545,343 Excise taxes............................ 57,673 70,414 68,865 66,068 66,871 69,021 Estate and gift taxes................... 24,076 27,782 29,010 28,400 27,490 22,999 Customs duties and fees................. 18,297 18,336 19,914 19,369 18,666 19,805 Miscellaneous receipts.................. 32,658 34,929 42,826 37,812 -25,610 -24,820 Deposits of earnings by Federal Reserve System...................... 24,540 25,917 32,293 26,124 25,596 29,025 All other \1\......................... 8,118 9,012 10,533 11,688 -51,206 -53,845 OUTLAYS: ON-BUDGET AND OFF-BUDGET....... 1,652,619 1,701,932 1,788,826 1,863,926 2,052,320 2,128,230 National defense........................ 268,456 274,873 294,495 308,533 347,986 379,012 International affairs................... 13,109 15,243 17,216 16,601 23,520 22,467 General science, space and technology... 18,219 18,125 18,637 19,896 21,759 22,168 Energy.................................. 1,270 912 -1,060 89 561 566 Natural resources and environment....... 22,300 23,968 25,031 26,335 30,238 30,601 Agriculture............................. 12,206 23,011 36,641 26,553 28,830 24,226 Commerce and housing credit............. 1,014 2,647 3,211 6,030 3,764 3,700 On-budget............................. 797 1,626 1,182 3,728 1,749 5,148 Off-budget............................ 217 1,021 2,029 2,302 2,015 -1,448 Transportation.......................... 40,343 42,533 46,854 55,220 62,130 59,449 Community and regional development...... 9,776 11,870 10,629 11,977 15,365 17,389 Education, training, employment, and 50,503 50,591 53,754 57,302 71,697 79,023 social services........................ Health.................................. 131,442 141,074 154,533 172,634 195,237 231,935 Medicare................................ 192,822 190,447 197,113 217,464 226,395 234,361 Income security......................... 237,653 242,373 253,525 269,770 310,733 319,680 Social security......................... 379,225 390,041 409,436 433,129 459,662 475,925 On-budget............................. 9,156 10,828 13,267 11,717 13,913 14,304 Off-budget............................ 370,069 379,213 396,169 421,412 445,749 461,621 Veterans benefits and services.......... 41,781 43,212 47,083 45,828 51,527 56,582 Administration of justice............... 22,938 26,082 27,995 30,443 34,442 40,619 General government...................... 15,603 15,599 13,273 15,153 18,262 17,632 Net interest............................ 241,153 229,776 223,041 206,199 178,385 180,659 On-budget............................. 287,783 281,847 282,837 275,010 255,207 264,508 Off-budget............................ -46,630 -52,071 -59,796 -68,811 -76,822 -83,849 Allowances.............................. .......... .......... .......... .......... 27,000 6,356 Undistributed offsetting receipts....... -47,194 -40,445 -42,581 -55,230 -55,173 -74,120 On-budget............................. -40,142 -33,060 -34,944 -47,320 -45,930 -64,556 Off-budget............................ -7,052 -7,385 -7,637 -7,910 -9,243 -9,564 ---------------------------------------------------------------------------------------------------------------- \1\ Beginning 1984, includes universal service fund receipts. Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.