[Economic Report of the President (2003)]
[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 1999-2004
[Millions of dollars; fiscal years]
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Actual                             Estimates
Description               -----------------------------------------------------------------------
1999        2000        2001        2002        2003        2004
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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  ..........  ..........
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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
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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.