[Economic Report of the President (2005)]
[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 2001-2006
[Millions of dollars; fiscal years]
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Actual                             Estimates
Description               -----------------------------------------------------------------------
2001        2002        2003        2004        2005        2006
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RECEIPTS AND OUTLAYS:
Total receipts..........................   1,991,194   1,853,173   1,782,342   1,880,071   2,052,845   2,177,550
Total outlays...........................   1,863,033   2,010,972   2,159,917   2,292,215   2,479,404   2,567,617

Total surplus or deficit (-)..........     128,161    -157,799    -377,575    -412,144    -426,559    -390,067

On-budget receipts......................   1,483,675   1,337,852   1,258,500   1,345,326   1,491,482   1,584,359
On-budget outlays.......................   1,516,195   1,655,310   1,796,908   1,912,704   2,080,022   2,144,300

On-budget surplus or deficit (-)....     -32,520    -317,458    -538,408    -567,378    -588,540    -559,941

Off-budget receipts.....................     507,519     515,321     523,842     534,745     561,363     593,191
Off-budget outlays......................     346,838     355,662     363,009     379,511     399,382     423,317

Off-budget surplus or deficit (-).....     160,681     159,659     160,833     155,234     161,981     169,874

OUTSTANDING DEBT, END OF PERIOD:
Gross Federal debt......................   5,769,881   6,198,401   6,760,014   7,354,673   8,031,387   8,707,627

Held by Federal Government accounts...   2,450,266   2,657,974   2,846,570   3,059,129   3,310,162   3,586,806
Held by the public....................   3,319,615   3,540,427   3,913,443   4,295,544   4,721,225   5,120,821

Federal Reserve System..............     534,135     604,191     656,116     700,341  ..........  ..........
Other...............................   2,785,480   2,936,235   3,257,327   3,595,203  ..........  ..........
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RECEIPTS: ON-BUDGET AND OFF-BUDGET......   1,991,194   1,853,173   1,782,342   1,880,071   2,052,845   2,177,550

Individual income taxes.................     994,339     858,345     793,699     808,959     893,704     966,877
Corporation income taxes................     151,075     148,044     131,778     189,371     226,526     220,258
Social insurance and retirement receipts     693,967     700,760     712,978     733,407     773,731     818,834

On-budget.............................     186,448     185,439     189,136     198,662     212,368     225,643
Off-budget............................     507,519     515,321     523,842     534,745     561,363     593,191

Excise taxes............................      66,232      66,989      67,524      69,855      74,013      75,566
Estate and gift taxes...................      28,400      26,507      21,959      24,831      23,754      26,121
Customs duties and fees.................      19,369      18,602      19,862      21,083      24,674      28,256
Miscellaneous receipts..................      37,812      33,926      34,542      32,565      36,443      41,638
Deposits of earnings by Federal
Reserve System......................      26,124      23,683      21,878      19,652      24,102      28,528
All other \1\.........................      11,688      10,243      12,664      12,913      12,341      13,110

OUTLAYS: ON-BUDGET AND OFF-BUDGET.......   1,863,033   2,010,972   2,159,917   2,292,215   2,479,404   2,567,617

National defense........................     304,882     348,555     404,920     455,908     465,871     447,398
International affairs...................      16,493      22,351      21,209      26,891      31,961      38,447
General science, space and technology...      19,784      20,767      20,873      23,053      24,021      23,967
Energy..................................           9         475        -735        -166       1,441       2,121
Natural resources and environment.......      25,623      29,454      29,703      30,725      30,960      31,163
Agriculture.............................      26,253      21,966      22,497      15,440      30,504      26,020
Commerce and housing credit.............       5,739        -390         735       5,273      10,653       6,816

On-budget.............................       3,437         261       5,980       9,403      11,663       2,753
Off-budget............................       2,302        -651      -5,245      -4,130      -1,010       4,063

Transportation..........................      54,447      61,833      67,069      64,626      68,486      70,673
Community and regional development......      11,773      12,981      18,850      15,797      20,141      19,097
Education, training, employment, and          57,143      70,544      82,568      87,945      96,254      88,703
social services........................
Health..................................     172,270     196,544     219,576     240,134     257,532     268,396
Medicare................................     217,384     230,855     249,433     269,360     295,432     345,746
Income security.........................     269,615     312,530     334,432     332,837     350,918     359,535
Social security.........................     432,958     455,980     474,680     495,548     519,686     544,821

On-budget.............................      11,701      13,969      13,279      14,348      16,388      16,066
Off-budget............................     421,257     442,011     461,401     481,200     503,298     528,755

Veterans benefits and services..........      45,039      50,984      57,022      59,779      68,161      68,390
Administration of justice...............      30,205      35,081      35,323      45,535      40,657      43,099
General government......................      14,260      16,905      23,071      21,822      18,855      17,754
Net interest............................     206,167     170,949     153,073     160,245     177,948     211,076

On-budget.............................     274,978     247,769     236,618     246,473     269,943     309,220
Off-budget............................     -68,811     -76,820     -83,545     -86,228     -91,995     -98,144

Allowances..............................  ..........  ..........  ..........  ..........      34,899      24,168
Undistributed offsetting receipts.......     -47,011     -47,392     -54,382     -58,537     -64,976     -69,773

On-budget.............................     -39,101     -38,514     -44,780     -47,206     -54,065     -58,416
Off-budget............................      -7,910      -8,878      -9,602     -11,331     -10,911     -11,357
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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.