[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]
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Actual                             Estimates
Description               -----------------------------------------------------------------------
1998        1999        2000        2001        2002        2003
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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  ..........  ..........
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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
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\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.