[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.