[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] Table B-81.--Federal receipts, outlays, surplus or deficit, and debt, fiscal years 1999-2004 [Millions of dollars; fiscal years] ---------------------------------------------------------------------------------------------------------------- Actual Estimates Description ----------------------------------------------------------------------- 1999 2000 2001 2002 2003 2004 ---------------------------------------------------------------------------------------------------------------- RECEIPTS AND OUTLAYS: Total receipts.......................... 1,827,454 2,025,218 1,991,194 1,853,173 1,836,218 1,922,025 Total outlays........................... 1,701,891 1,788,773 1,863,895 2,010,975 2,140,377 2,229,425 Total surplus or deficit (-).......... 125,563 236,445 127,299 -157,802 -304,159 -307,400 On-budget receipts...................... 1,382,986 1,544,634 1,483,675 1,337,852 1,304,653 1,365,857 On-budget outlays....................... 1,381,113 1,458,008 1,517,057 1,655,313 1,772,280 1,847,924 On-budget surplus or deficit (-).... 1,873 86,626 -33,382 -317,461 -467,627 -482,067 Off-budget receipts..................... 444,468 480,584 507,519 515,321 531,565 556,168 Off-budget outlays...................... 320,778 330,765 346,838 355,662 368,097 381,501 Off-budget surplus or deficit (-)..... 123,690 149,819 160,681 159,659 163,468 174,667 OUTSTANDING DEBT, END OF PERIOD: Gross Federal debt...................... 5,605,523 5,628,700 5,769,881 6,198,401 6,752,033 7,320,769 Held by Federal Government accounts... 1,973,160 2,218,896 2,450,266 2,657,974 2,873,595 3,154,708 Held by the public.................... 3,632,363 3,409,804 3,319,615 3,540,427 3,878,438 4,166,061 Federal Reserve System.............. 496,644 511,413 534,135 604,191 .......... .......... Other............................... 3,135,719 2,898,391 2,785,480 2,936,235 .......... .......... ---------------------------------------------------------------------------------------------------------------- RECEIPTS: ON-BUDGET AND OFF-BUDGET...... 1,827,454 2,025,218 1,991,194 1,853,173 1,836,218 1,922,025 Individual income taxes................. 879,480 1,004,462 994,339 858,345 849,053 849,880 Corporation income taxes................ 184,680 207,289 151,075 148,044 143,186 169,060 Social insurance and retirement receipts 611,833 652,852 693,967 700,760 726,593 764,548 On-budget............................. 167,365 172,268 186,448 185,439 195,028 208,380 Off-budget............................ 444,468 480,584 507,519 515,321 531,565 556,168 Excise taxes............................ 70,414 68,865 66,232 66,989 68,416 70,905 Estate and gift taxes................... 27,782 29,010 28,400 26,507 20,209 23,379 Customs duties and fees................. 18,336 19,914 19,369 18,602 19,052 20,713 Miscellaneous receipts.................. 34,929 42,826 37,812 33,926 34,709 38,540 Deposits of earnings by Federal Reserve System...................... 25,917 32,293 26,124 23,683 23,565 27,078 All other \1\......................... 9,012 10,533 11,688 10,243 11,144 11,462 Adjustment for revenue uncertainty...... .......... .......... .......... .......... -25,000 -15,000 OUTLAYS: ON-BUDGET AND OFF-BUDGET....... 1,701,891 1,788,773 1,863,895 2,010,975 2,140,377 2,229,425 National defense........................ 274,873 294,495 305,500 348,555 376,286 390,419 International affairs................... 15,243 17,216 16,493 22,357 20,735 25,622 General science, space and technology... 18,125 18,637 19,789 20,772 21,699 22,851 Energy.................................. 912 -1,060 39 483 708 918 Natural resources and environment....... 23,968 25,031 25,623 29,454 30,578 31,586 Agriculture............................. 23,011 36,641 26,397 22,188 20,847 20,799 Commerce and housing credit............. 2,647 3,211 5,883 -385 1,262 -701 On-budget............................. 1,626 1,182 3,581 266 5,500 2,344 Off-budget............................ 1,021 2,029 2,302 -651 -4,238 -3,045 Transportation.......................... 42,533 46,854 54,449 61,862 64,228 63,449 Community and regional development...... 11,870 10,629 11,907 12,991 18,459 17,060 Education, training, employment, and 50,591 53,754 57,143 70,544 86,252 85,336 social services........................ Health.................................. 141,074 154,533 172,270 196,545 223,068 246,579 Medicare................................ 190,447 197,113 217,384 230,855 244,667 258,878 Income security......................... 242,356 253,575 269,615 312,511 330,120 324,962 Social security......................... 390,037 409,423 432,958 456,413 478,471 497,299 On-budget............................. 10,824 13,254 11,701 13,988 13,067 14,032 Off-budget............................ 379,213 396,169 421,257 442,425 465,404 483,267 Veterans benefits and services.......... 43,212 47,083 45,039 50,984 57,070 62,022 Administration of justice............... 26,082 27,995 29,660 34,316 36,142 39,413 General government...................... 15,599 13,273 14,589 17,385 18,998 20,503 Net interest............................ 229,756 222,951 206,168 170,951 161,441 176,395 On-budget............................. 281,827 282,747 274,979 247,771 245,017 265,093 Off-budget............................ -52,071 -59,796 -68,811 -76,820 -83,576 -88,698 Allowances.............................. .......... .......... .......... .......... -368 -297 Undistributed offsetting receipts....... -40,445 -42,581 -47,011 -47,806 -50,286 -53,668 On-budget............................. -33,060 -34,944 -39,101 -38,514 -40,793 -43,645 Off-budget............................ -7,385 -7,637 -7,910 -9,292 -9,493 -10,023 ---------------------------------------------------------------------------------------------------------------- \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.