[Economic Report of the President (2006)] [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 2002-2007 [Millions of dollars; fiscal years] ---------------------------------------------------------------------------------------------------------------- Actual Estimates Description ----------------------------------------------------------------------- 2002 2003 2004 2005 2006 2007 ---------------------------------------------------------------------------------------------------------------- RECEIPTS AND OUTLAYS: Total receipts.......................... 1,853,395 1,782,532 1,880,279 2,153,859 2,285,491 2,415,852 Total outlays........................... 2,011,153 2,160,117 2,293,006 2,472,205 2,708,677 2,770,097 Total surplus or deficit (-).......... -157,758 -377,585 -412,727 -318,346 -423,186 -354,245 On-budget receipts...................... 1,338,074 1,258,690 1,345,534 1,576,383 1,675,526 1,773,533 On-budget outlays....................... 1,655,491 1,797,108 1,913,495 2,069,994 2,277,667 2,316,952 On-budget surplus or deficit (-).... -317,417 -538,418 -567,961 -493,611 -602,141 -543,419 Off-budget receipts..................... 515,321 523,842 534,745 577,476 609,965 642,319 Off-budget outlays...................... 355,662 363,009 379,511 402,211 431,010 453,145 Off-budget surplus or deficit (-)..... 159,659 160,833 155,234 175,265 178,955 189,174 OUTSTANDING DEBT, END OF PERIOD: Gross Federal debt...................... 6,198,401 6,760,014 7,354,673 7,905,316 8,611,473 9,295,438 Held by Federal Government accounts... 2,657,974 2,846,570 3,059,129 3,313,088 3,592,551 3,903,951 Held by the public.................... 3,540,427 3,913,443 4,295,544 4,592,229 5,018,922 5,391,487 Federal Reserve System.............. 604,191 656,116 700,341 736,360 .......... .......... Other............................... 2,936,235 3,257,327 3,595,203 3,855,869 .......... .......... ---------------------------------------------------------------------------------------------------------------- RECEIPTS: ON-BUDGET AND OFF-BUDGET...... 1,853,395 1,782,532 1,880,279 2,153,859 2,285,491 2,415,852 Individual income taxes................. 858,345 793,699 808,959 927,222 997,599 1,096,366 Corporation income taxes................ 148,044 131,778 189,371 278,282 277,122 260,567 Social insurance and retirement receipts 700,760 712,978 733,407 794,125 841,087 884,126 On-budget............................. 185,439 189,136 198,662 216,649 231,122 241,807 Off-budget............................ 515,321 523,842 534,745 577,476 609,965 642,319 Excise taxes............................ 66,989 67,524 69,855 73,094 73,511 74,608 Estate and gift taxes................... 26,507 21,959 24,831 24,764 27,523 23,700 Customs duties and fees................. 18,602 19,862 21,083 23,379 25,887 28,069 Miscellaneous receipts.................. 34,148 34,732 32,773 32,993 42,762 48,416 Deposits of earnings by Federal Reserve System...................... 23,683 21,878 19,652 19,297 27,455 32,679 All other............................. 10,465 12,854 13,121 13,696 15,307 15,737 OUTLAYS: ON-BUDGET AND OFF-BUDGET....... 2,011,153 2,160,117 2,293,006 2,472,205 2,708,677 2,770,097 National defense........................ 348,555 404,920 455,908 495,335 535,943 527,428 International affairs................... 22,351 21,209 26,891 34,592 34,750 33,274 General science, space and technology... 20,767 20,873 23,053 23,674 23,996 25,445 Energy.................................. 475 -735 -166 429 2,621 972 Natural resources and environment....... 29,454 29,703 30,725 28,023 32,731 31,049 Agriculture............................. 21,966 22,497 15,440 26,566 26,846 25,733 Commerce and housing credit............. -399 735 5,273 7,574 9,087 11,177 On-budget............................. 252 5,980 9,403 9,365 7,665 7,749 Off-budget............................ -651 -5,245 -4,130 -1,791 1,422 3,428 Transportation.......................... 61,833 67,069 64,627 67,894 71,637 76,294 Community and regional development...... 12,981 18,850 15,822 26,264 52,025 28,159 Education, training, employment, and 70,544 82,568 87,948 97,526 109,651 87,576 social services........................ Health.................................. 196,544 219,576 240,134 250,612 268,789 280,941 Medicare................................ 230,855 249,433 269,360 298,638 342,987 392,000 Income security......................... 312,720 334,632 333,059 345,847 360,632 367,206 Social security......................... 455,980 474,680 495,548 523,305 554,740 585,940 On-budget............................. 13,969 13,279 14,348 16,526 16,032 18,314 Off-budget............................ 442,011 461,401 481,200 506,779 538,708 567,626 Veterans benefits and services.......... 50,984 57,022 59,779 70,151 70,410 73,946 Administration of justice............... 35,061 35,340 45,576 40,019 41,342 44,344 General government...................... 16,925 23,054 22,321 16,994 19,085 20,170 Net interest............................ 170,949 153,073 160,245 183,986 220,053 247,315 On-budget............................. 247,769 236,618 246,473 275,822 317,496 353,063 Off-budget............................ -76,820 -83,545 -86,228 -91,836 -97,443 -105,748 Allowances.............................. .......... .......... .......... .......... 3,726 5,464 Undistributed offsetting receipts....... -47,392 -54,382 -58,537 -65,224 -72,374 -94,336 On-budget............................. -38,514 -44,780 -47,206 -54,283 -60,697 -82,175 Off-budget............................ -8,878 -9,602 -11,331 -10,941 -11,677 -12,161 ---------------------------------------------------------------------------------------------------------------- Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.