FEDERAL FINANCE.In the first 8 months of fiscal 2000, there was a surplus of $40.7 billion, compared with a surplus of $40.7 billion a year earlier.[GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED]
[Billions of dollars]
Total
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
1982 617.8 745.8 -128.0
1983 600.6 808.4 -207.8
1984 666.5 851.9 -185.4
1985 734.1 946.4 -212.3
1986 769.2 990.5 -221.2
1987 854.4 1,004.1 -149.8
1988 909.3 1,064.5 -155.2
1989 991.2 1,143.7 -152.5
1990 1,032.0 1,253.2 -221.2
1991 1,055.0 1,324.4 -269.4
1992 1,091.3 1,381.7 -290.4
1993 1,154.4 1,409.5 -255.1
1994 1,258.6 1,461.9 -203.3
1995 1,351.8 1,515.8 -164.0
1996 1,453.1 1,560.6 -107.5
1997 1,579.3 1,601.3 22.0
1998 1,721.8 1,652.6 69.2
1999 1,827.5 1,703.0 124.4
2000 (estimates)(r) 2,013.1 1,801.6 211.5
Cumulative total, first
8 months:(1)
Fiscal year 1999 1,179.1 1,138.4 40.7
Fiscal year 2000 1,318.5 1,198.2 120.3
On-budget
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
1982 474.3 594.4 -120.1
1983 453.2 661.3 -208.0
1984 500.4 686.1 -185.7
1985 547.9 769.6 -221.7
1986 569.0 807.0 -238.0
1987 641.0 810.3 -169.3
1988 667.8 861.8 -194.0
1989 727.5 932.8 -205.2
1990 750.3 1,028.1 -277.8
1991 761.2 1,082.7 -321.6
1992 788.9 1,129.3 -340.5
1993 842.5 1,142.9 -300.5
1994 923.6 1,182.5 -258.9
1995 1,000.8 1,227.2 -226.4
1996 1,085.6 1,259.7 -174.1
1997 1,187.3 1,290.7 -103.4
1998 1,306.0 1,336.0 -30.0
1999 1,383.0 1,382.3 .7
2000 (estimates)(r) 1,534.9 1,471.6 63.3
Cumulative total, first
8 months:(1)
Fiscal year 1999 885.1 923.1 -38.1
Fiscal year 2000 1,000.3 975.6 24.7
Off-budget
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
1982 143.5 151.4 -7.9
1983 147.3 147.1 .2
1984 166.1 165.8 .3
1985 186.2 176.8 9.4
1986 200.2 183.5 16.7
1987 213.4 193.8 19.6
1988 241.5 202.7 38.8
1989 263.7 210.9 52.8
1990 281.7 225.1 56.6
1991 293.9 241.7 52.2
1992 302.4 252.3 50.1
1993 311.9 266.6 45.3
1994 335.0 279.4 55.7
1995 351.1 288.7 62.4
1996 367.5 300.9 66.6
1997 392.0 310.6 81.4
1998 415.8 316.6 99.2
1999 444.5 320.8 123.7
2000 (estimates)(r) 478.2 330.0 148.2
Cumulative total, first
8 months:(1)
Fiscal year 1999 294.1 215.3 78.8
Fiscal year 2000 318.2 222.6 95.6
Federal debt (end of
period)
Gross Held by
Fiscal year or period Federal the public
1982 1,137.3 924.6
1983 1,371.7 1,137.3
1984 1,564.7 1,307.0
1985 1,817.5 1,507.4
1986 2,120.6 1,740.8
1987 2,346.1 1,889.9
1988 2,601.3 2,051.8
1989 2,868.0 2,191.0
1990 3,206.6 2,411.8
1991 3,598.5 2,689.3
1992 4,002.1 3,000.1
1993 4,351.4 3,248.8
1994 4,643.7 3,433.4
1995 4,921.0 3,604.8
1996 5,181.9 3,734.5
1997 5,369.7 3,772.8
1998 5,478.7 3,721.6
1999 5,606.1 3,632.9
2000 (estimates)(r) 5,657.0 3,448.6
Cumulative total, first
8 months:(1)
Fiscal year 1999 5,556.1 3,673.9
Fiscal year 2000 5,597.8 3,487.0
(1) Data from current issue Monthly Treasury Statement. NOTE.--Data for fiscal 200 are from Mid-Session Review, Budget of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Government, Fiscal Year 2001, issued June June: see month. 26, 2000. Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2001, issued February February: see month. 7, 2000. Estimated figures for fiscal 2000 would be modified mod·i·fy v. mod·i·fied, mod·i·fy·ing, mod·i·fies v.tr. 1. To change in form or character; alter. 2. by the Administration's proposal to place the Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. Hospital Insurance Trust Fund off-budget, which would shift that fund's totals of $110.6 billion in outlays Outlays Payments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons. , $134.4 billion in receipts, and a surplus of $23.8 billion from on-budget to off-budget. Sources: Department of the Treasury and Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. . FEDERAL RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION In the first 8 months on fiscal 2000, receipts were $139.4 billion higher than a year earlier and outlays were $59.8 billion higher. [GRAPH OMITTED] [Billions of dollars]
On-budget and off-budget receipts
Individual Corporation
Fiscal year income income
or period Total taxes taxes
1982 617.8 297.7 49.2
1983 600.6 288.9 37.0
1984 666.5 298.4 56.9
1985 734.1 334.5 61.3
1986 769.2 349.0 63.1
1987 854.4 392.6 83.9
1988 909.3 401.2 94.5
1989 991.2 445.7 103.3
1990 1,032.0 466.9 93.5
1991 1,055.0 467.8 98.1
1992 1,091.3 476.0 100.3
1993 1,154.4 509.7 117.5
1994 1,258.6 543.1 140.4
1995 1,351.8 590.2 157.0
1996 1,453.1 656.4 171.8
1997 1,579.3 737.5 182.3
1998 1,721.8 828.6 188.7
1999 1,827.5 879.5 184.7
2000 (estimates)(r) 2,013.1 998.9 202.7
Cumulative total,
first 8 months:(1)
Fiscal year 1999 1,179.1 576.5 98.1
Fiscal year 2000 1,318.5 665.3 113.6
On-budget and On-budget and
off-budget off-budget
receipts outlays
Social
insurance
and
Fiscal year retirement
or period receipts Other Total
1982 201.5 69.3 745.8
1983 209.0 65.6 808.4
1984 239.4 71.8 851.9
1985 265.2 73.1 946.4
1986 283.9 73.2 990.5
1987 303.3 74.6 1,004.1
1988 334.3 79.3 1,064.5
1989 359.4 82.8 1,143.7
1990 380.0 91.5 1,253.2
1991 396.0 93.1 1,324.4
1992 413.7 101.4 1,381.7
1993 428.3 98.9 1,409.5
1994 461.5 113.7 1,461.9
1995 484.5 120.1 1,515.8
1996 509.4 115.4 1,560.6
1997 539.4 120.2 1,601.3
1998 571.8 132.7 1,652.6
1999 611.8 151.5 1,703.0
2000 (estimates)(r) 648.7 162.8 1,801.6
Cumulative total,
first 8 months:(1)
Fiscal year 1999 405.5 99.1 1,138.4
Fiscal year 2000 434.1 105.5 1,198.2
On-budget and off-budget outlays
National defense
Department
Fiscal year of Defense International
or period Total military affairs
1982 185.3 180.7 12.3
1983 209.9 204.4 11.8
1984 227.4 220.9 15.9
1985 252.7 245.2 16.2
1986 273.4 265.5 14.2
1987 282.0 274.0 11.6
1988 290.4 281.9 10.5
1989 303.6 294.9 9.6
1990 299.3 289.8 13.8
1991 273.3 262.4 15.9
1992 298.4 286.9 16.1
1993 291.1 278.6 17.2
1994 281.6 268.6 17.1
1995 272.1 259.4 16.4
1996 265.8 253.2 13.5
1997 270.5 258.3 15.2
1998 268.5 256.1 13.1
1999 274.9 261.4 15.2
2000 (estimates)(r) 290.6 277.5 17.1
Cumulative total,
first 8 months:(1)
Fiscal year 1999 179.7 171.2 11.7
Fiscal year 2000 191.7 183.2 12.6
On-budget and off-budget
outlays
Fiscal year Income
or period Health Medicare security
1982 27.4 46.6 107.7
1983 28.6 52.6 122.6
1984 30.4 57.5 112.7
1985 33.5 65.8 128.2
1986 35.9 70.2 119.8
1987 40.0 75.1 123.3
1988 44.5 78.9 129.4
1989 48.4 85.0 136.1
1990 57.7 98.1 147.1
1991 71.2 104.5 170.3
1992 89.5 119.0 197.0
1993 99.4 130.6 207.3
1994 107.1 144.7 214.1
1995 115.4 159.9 220.5
1996 119.4 174.2 226.0
1997 123.8 190.0 230.9
1998 131.4 192.8 233.2
1999 141.1 190.4 237.7
2000 (estimates)(r) 155.0 203.7 252.5
Cumulative total,
first 8 months:(1)
Fiscal year 1999 91.8 125.7 168.6
Fiscal year 2000 100.2 130.4 174.6
On-budget and off-budget
outlays
Fiscal year Social Net
or period security interest Other
1982 156.0 85.0 125.4
1983 170.7 89.8 122.2
1984 178.2 111.1 118.6
1985 188.6 129.5 131.8
1986 198.8 136.0 142.2
1987 207.4 138.7 126.1
1988 219.3 151.8 139.7
1989 232.5 169.0 159.5
1990 248.6 184.4 204.2
1991 269.0 194.5 225.8
1992 287.6 199.4 174.7
1993 304.6 198.7 160.6
1994 319.6 203.0 174.7
1995 335.8 232.2 163.6
1996 349.7 241.1 171.0
1997 365.3 244.0 161.5
1998 379.2 241.2 193.2
1999 390.0 229.7 223.9
2000 (estimates)(r) 409.7 222.7 250.3
Cumulative total,
first 8 months:(1)
Fiscal year 1999 256.3 157.0 147.5
Fiscal year 2000 267.7 155.1 165.8
(1) Data from current issue Monthly Treasury. Statement. Note.--See Note, p. 32. Sources: Department of the Treasury and Office of Management and Budget. FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS In the first quarter of 2000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. revised estimates Revised estimate The third estimate of GDP released about three months after the measurement period. , Federal current receipts rose $70.8 billion (annual rate) and Federal current expenditures fell $20.1 billion. [GRAPHS This partial list of graphs contains definitions of graphs and graph families which are known by particular names, but do not have a Wikipedia article of their own. For collected definitions of graph theory terms that do not refer to individual graph types, such as OMITTED] [Billions of dollars; quarterly data at seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. annual rates]
Federal Government current receipts
Personal
tax and Corporate
nontax profits
Period Total receipts tax accruals
Calendar year:
1991 1,072.3 465.2 109.9
1992 1,121.3 479.4 118.8
1993 1,197.3 509.9 138.5
1994 1,293.7 547.8 156.7
1995 1,383.7 591.8 179.3
1996 1,499.1 670.0 190.6
1997 1,627.2 750.9 204.2
1998 1,750.7 835.7 206.5
1999 1,871.3 900.2 222.4
1997: I 1,573.8 723.0 196.2
II 1,609.0 740.1 199.9
III 1,648.0 759.0 211.5
IV 1,677.8 781.5 209.3
1998: I 1,704.8 803.3 206.2
II 1,734.4 824.0 207.2
III 1,770.3 847.3 209.9
IV 1,793.3 868.1 202.6
1999: I 1,826.5 877.9 212.6
II 1,853.1 892.1 218.1
III 1,883.1 908.0 222.4
IV 1,922.3 922.7 236.7
2000: I(r) 1,993.1 964.5 249.6
Federal Government Federal Government
current receipts current expenditures
Indirect
business
tax and Contributions
nontax for social Consumption
Period accruals insurance Total expenditures
Calendar year:
1991 78.5 418.6 1,287.6 439.1
1992 81.3 441.8 1,418.9 445.8
1993 85.3 463.7 1,471.5 442.6
1994 95.2 493.9 1,506.0 439.7
1995 93.0 519.6 1,575.7 439.2
1996 95.1 543.3 1,635.9 445.3
1997 94.9 577.2 1,676.0 457.0
1998 97.3 611.2 1,703.8 453.5
1999 101.5 647.1 1,755.8 474.8
1997: I 89.4 565.2 1,661.2 452.7
II 96.7 572.4 1,672.2 461.6
III 97.2 580.4 1,675.9 458.1
IV 96.2 590.8 1,694.6 455.6
1998: I 95.8 599.5 1,680.0 445.1
II 96.4 606.9 1,690.9 457.4
III 97.7 615.4 1,710.7 451.4
IV 99.6 623.1 1,733.5 460.0
1999: I 99.5 636.5 1,728.9 467.0
II 100.0 642.9 1,735.0 465.2
III 101.5 651.2 1 749.3 475.0
IV 105.0 657.9 1,810.2 491.9
2000: I(r) 107.7 671.3 1,790.1 483.0
Federal Government current
expenditures
Grants-in-aid
to State Net
Transfer and local interest
Period payments governments paid
Calendar year:
1991 463.4 131.6 225.2
1992 565.2 149.1 229.2
1993 597.9 162.6 230.2
1994 618.6 174.5 239.6
1995 652.1 184.5 267.5
1996 691.6 190.4 273.6
1997 716.6 195.7 276.3
1998 730.4 209.3 278.4
1999 754.5 225.5 262.8
1997: I 709.3 192.8 273.6
II 712.7 192.2 275.2
III 715.6 195.9 277.1
IV 728.6 201.7 279.4
1998: I 724.4 202.1 279.8
II 724.2 200.8 280.0
III 731.0 220.2 279.6
IV 742.1 214.2 274.3
1999: I 743.4 219.9 266.0
II 749.7 215.7 264.8
III 754.8 230.6 259.9
IV 770.1 235.6 260.6
2000: I(r) 774.5 234.4 262.9
Current
Federal Government surplus
current expenditures or
deficit
Subsidies (-),
less current Less Wage: national
surplus of accruals income
Government less and
Period enterprises disbursements accounts
Calendar year:
1991 28.2 -0.1 -215.3
1992 29.6 .0 -297.5
1993 38.2 .0 -274.1
1994 33.6 .0 -212.3
1995 32.4 .0 -192.0
1996 35.1 .0 -136.8
1997 30.4 .0 -48.8
1998 32.1 .0 46.9
1999 38.3 .0 115.4
1997: I 32.7 .0 -87.4
II 30.5 .0 -63.2
III 29.1 .0 -27.9
IV 29.2 .0 -16.8
1998: I 28.6 .0 24.9
II 28.4 .0 43.5
III 28.5 .0 59.6
IV 42.9 .0 59.7
1999: I 32.6 .0 97.6
II 39.5 .0 118.1
III 29.0 .0 133.8
IV 51.8 .0 112.2
2000: I(r) 35.3 .0 203.0
Source: Department of Commerce, Bureau of Economic Analysis. |
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