FEDERAL FINANCE.FEDERAL RECEIPTS, OUTLAYS OutlaysPayments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons. , AND DEBT In the first 8 months of fiscal 1999, there was a surplus of $40.7 billion, compared with a surplus of $16.0 billion a year earlier. [Billions of dollars]
Total
Fiscal year or period Surplus
or
Receipts Outlays deficit
(-)
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 1,409.4 -255.0
1994 1,258.6 1,461.7 -203.1
1995 1,351.8 1,515.7 -163.9
1996 1,453.1 1,560.5 -107.5
1997 1,579.3 1,601.2 -21.9
1998 1,721.8 1,652.6 69.2
1999 (estimates)(r) 1,826.3 1,727.5 98.8
Cumulative total,
first 8 months:(1)
Fiscal year 1998 1,121.1 1,105.2 16.0
Fiscal year 1999 1,178.8 1,138.0 40.7
On-budget Off-budge
Fiscal year or period Surplus
or
Receipts Outlays deficit Receipts
(-)
1982 474.3 594.4 -120.1 143.5
1983 453.2 661.3 -208.0 147.3
1984 500.4 686.1 -185.7 166.1
1985 547.9 769.6 -221.7 186.2
1986 569.0 807.0 -238.0 200.2
1987 641.0 810.3 -169.3 213.4
1988 667.8 861.8 -194.0 241.5
1989 727.5 932.8 -205.2 263.7
1990 750.3 1,028.1 -277.8 281.7
1991 761.2 1,082.7 -321.6 293.9
1992 788.9 1,129.3 -340.5 302.4
1993 842.5 1,142.8 -300.4 311.9
1994 923.6 1,182.4 -258.8 335.0
1995 1,000.8 1,227.1 -226.3 351.1
1996 1,085.6 1,259.6 -174.0 367.5
1997 1,187.3 1,290.6 -103.3 392.0
1998 1,306.0 1,335.9 -29.9 415.8
1999 (estimates)(r) 1,381.9 1,406.7 -24.8 444.4
Cumulative total,
first 8 months:(1)
Fiscal year 1998 844.0 893.0 -49.0 277.2
Fiscal year 1999 884.7 922.8 -38.1 294.1
Off-budget Federal debt (end of
period)
Fiscal year or period Surplus
or
Outlays deficit Gross Held by
(-) Federal the public
1982 151.4 -7.9 1,137.3 919.8
1983 147.1 .2 1,371.7 1,131.6
1984 165.8 .3 1,564.7 1,300.5
1985 176.8 9.4 1,817.5 1,499.9
1986 183.5 16.7 2,120.6 1,736.7
1987 193.8 19.6 2,346.1 1,888.7
1988 202.7 38.8 2,601.3 2,050.8
1989 210.9 52.8 2,868.0 2,189.9
1990 225.1 56.6 3,206.6 2,410.7
1991 241.7 52.2 3,598.5 2,688.1
1992 252.3 50.1 4,002.1 2,998.8
1993 266.6 45.3 4,351.4 3,247.5
1994 279.4 55.7 4,643.7 3,432.1
1995 288.7 62.4 4,921.0 3,603.4
1996 300.9 66.6 5,181.9 3,733.0
1997 310.6 81.4 5,369.7 3,771.1
1998 316.6 99.2 5,478.7 3,719.9
1999 (estimates)(r) 320.8 123.6 5,615.3 3,653.0
Cumulative total,
first 8 months:(1)
Fiscal year 1998 212.2 65.0 5,458.6 3,761.5
Fiscal year 1999 215.3 78.8 5,556.1 3,673.9
(1) Data from current issue Monthly Treasury Statement. NOTE.--Data for final 1999 are from the Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2000, issued June June: see month. 28, 1999. Other data (except as noted) are from 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 2000, issued February February: see month. 1, 1999. 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 of fiscal 1999, receipts were $57.7 billion higher than a year either and outlays were $32.8 billion higher. [ILLUSTRATION OMITTED]
[Billions of dollars]
On-budget and off-budget receipts
Social
Fiscal year or Individ- Cor- insur
period ual pora- ance
Total income tion and Other
taxes income retire
taxes ment
receipts
1982 617.8 297.7 49.2 201.5 69.3
1983 600.6 288.9 37.0 209.0 65.6
1984 666.5 298.4 56.9 239.4 71.8
1985 734.1 334.5 61.3 265.2 73.1
1986 769.2 349.0 63.1 283.9 73.2
1987 854.4 392.6 69.3 303.3 74.6
1988 909.3 401.2 94.5 334.3 79.3
1989 991.2 445.7 103.3 359.4 82.8
1990 1,032.0 466.9 93.5 380.0 91.5
1991 1,055.0 467.8 98.1 396.0 93.1
1992 1,091.3 476.0 100.3 413.7 101.4
1993 1,154.4 509.7 117.5 428.3 98.9
1994 1,258.6 543.1 140.4 461.5 113.7
1995 1,351.8 590.2 157.0 484.5 120.1
1996 1,453.1 656.4 171.8 509.4 115.4
1997 1,579.3 737.5 182.3 539.4 120.2
1998 1,721.8 828.6 188.7 571.8 132.7
1999
(estimates)(r) 1,826.3 886.7 179.5 608.0 152.1
Cumulative total,
first 8
months:(1)
Fiscal year
1998 1,121.1 542.3 106.6 383.7 88.7
Fiscal year
1999 1,178.8 576.1 98.1 405.5 99.1
On-budget and off-budget outlays
National defense
Fiscal year or
period Inter-
Total Depart- nation- Health
Total ment of al
Defense, affairs
military
1982 745.8 185.3 180.7 12.3 27.4
1983 808.4 209.9 204.4 11.8 28.6
1984 851.9 227.4 220.9 15.9 30.4
1985 946.4 252.7 245.2 16.2 33.5
1986 990.5 273.4 265.5 14.2 35.9
1987 1,004.1 282.0 274.0 11.6 40.0
1988 1,064.5 290.4 281.9 10.5 44.5
1989 1,143.7 303.6 294.9 9.6 48.4
1990 1,253.2 299.3 289.8 13.8 57.7
1991 1,324.4 273.3 262.4 15.9 71.2
1992 1,381.7 298.4 286.9 16.1 89.5
1993 1,409.4 291.1 278.6 17.2 99.4
1994 1,461.7 281.6 268.6 17.1 107.1
1995 1,515.7 272.1 259.4 16.4 115.4
1996 1,560.5 265.7 253.2 13.5 119.4
1997 1,601.2 270.5 258.3 15.2 123.8
1998 1,652.6 268.5 256.1 13.1 131.4
1999
(estimates)(r) 1,727.5 282.2 268.6 15.9 142.8
Cumulative total,
first 8
months:(1)
Fiscal year
1998 1,105.2 179.0 169.5 10.4 86.4
Fiscal year
1999 1,138.0 181.4 171.2 11.7 91.8
On budget and off-budget outlays
Fiscal year or
period Net
Medi- Income Social inter- Other
care security security est
1982 46.6 107.7 156.0 85.0 125.4
1983 52.6 122.6 170.7 89.8 122.2
1984 57.5 112.7 178.2 111.1 118.6
1985 65.8 128.2 188.6 129.5 131.8
1986 70.2 119.8 198.8 136.0 142.2
1987 75.1 123.3 207.4 138.7 126.1
1988 78.9 129.4 219.3 151.8 139.7
1989 85.0 136.1 232.5 169.3 159.3
1990 98.1 147.1 248.6 184.2 204.3
1991 104.5 170.3 269.0 194.5 225.7
1992 119.0 197.0 287.6 199.4 174.7
1993 130.6 207.3 304.6 198.8 160.0
1994 144.7 214.1 319.6 203.0 174.5
1995 159.9 220.5 335.8 232.2 163.4
1996 174.2 226.0 349.7 241.1 170.9
1997 190.0 230.9 365.3 244.0 161.5
1998 192.8 233.2 379.2 243.4 190.9
1999
(estimates)(r) 199.9 240.7 390.7 229.4 225.9
Cumulative total,
first 8
months:(1)
Fiscal year
1998 128.7 165.6 248.9 165.8 120.4
Fiscal year
1999 125.7 168.3 256.3 157.0 145.8
(1) Data from current issue Monthly Treasury Statement. NOTE.--Data for fiscal 199 are from the Mid-Session Review, Budget of the U.S. Government, Fiscal Year 2000, issued June 28, 1999. Other data (except as noted) are from Budget of the United States Government, Fiscal Year 2000, issued February 1, 1999. Sources: Department of the Treasury and Office of Management and Budget. FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS In the first quarter of 1999, 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 receipts rose $44.3 billion (annual rate); Federal current expenditures fell $12.6 billion. [ILLUSTRATION 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. Mutual rates]
Federal Government receipts
Period Cor- Indirect Contri-
Personal porate business butions
Total tax and profits tax and for
nontax tax ac- nontax social
receipts cruals accruals insur-
ance
Calendar year:
1991 1,149.0 476.9 109.8 79.7 482.6
1992 1,198.5 490.8 118.6 81.9 507.1
1993 1,275.1 522.6 138.3 86.9 527.3
1994 1,374.8 562.3 156.7 98.7 557.1
1995 1,460.3 606.1 179.3 92.5 582.4
1996 1,584.7 687.0 193.0 94.5 610.2
1997 1,719.9 769.1 210.0 93.8 647.0
1998 1,844.2 858.0 204.9 95.9 685.4
1995: III 1,469.1 608.2 186.2 89.2 585.5
IV 1,486.8 623.9 182.1 90.3 590.5
1996: I 1,529.9 652.6 191.2 89.9 596.2
II 1,581.7 691.4 195.2 88.5 606.7
III 1,593.7 693.8 194.3 90.5 615.0
IV 1,633.5 710.0 191.4 109.2 622.9
1997: I 1,671.1 741.7 203.9 90.7 634.8
II 1,703.6 759.1 206.5 95.5 642.4
III 1,739.6 776.9 217.0 95.1 650.6
IV 1,765.5 798.6 212.8 93.8 660.3
1998: I 1,809.1 836.5 204.8 93.9 673.9
II 1,838.3 855.7 206.2 95.2 681.2
III 1,858.8 863.8 207.5 98.3 689.2
IV 1,870.4 875.9 201.0 96.0 697.5
1999: (r) 1,914.7 891.3 213.8 95.7 714.0
Federal Government current expenditures
Grants-
Period Con- in-aid
sump- Trans- to Net
Total tion fer State interest
expert- pay- and paid
di- ments local
tures govern-
ments
Calendar year:
1991 1,345.0 445.9 522.2 153.4 192.7
1992 1,479.4 451.0 625.1 172.2 195.8
1993 1,525.7 447.3 659.9 185.8 192.7
1994 1,561.4 443.2 683.0 199.2 200.0
1995 1,634.7 442.8 720.3 212.0 224.8
1996 1,695.0 450.9 764.2 218.9 228.4
1997 1,741.0 460.4 791.9 225.0 231.2
1998 1,771.4 461.0 816.6 231.1 226.1
1995: III 1,646.0 447.2 724.8 211.0 227.8
IV 1,639.8 436.5 731.5 208.1 228.7
1996: I 1,680.0 445.7 757.8 214.3 227.7
II 1,694.4 453.1 757.9 223.8 226.1
III 1,693.8 452.9 762.5 219.0 228.6
IV 1,711.9 451.8 778.6 218.4 231.1
1997: I 1,722.3 456.8 783.4 220.7 229.4
II 1,738.4 464.8 787.1 223.2 231.6
III 1,739.9 460.0 791.2 224.4 231.9
IV 1,763.4 460.1 805.9 231.8 231.8
1998: I 1,750.3 450.9 808.5 228.7 228.8
II 1,763.9 464.0 811.1 226.9 228.3
III 1,766.7 458.7 817.0 231.4 225.7
IV 1,804.6 470.6 829.8 237.4 221.4
1999: (r) 1,792.0 471.8 830.4 241.1 214.3
Federal Government current
expenditures Current
Subsi- surplus
dies less Less: or
Period current Wage deficit
surplus accru- (-),
of als less national
Govern- dis- income
ment burse- and
enter- ments product
prises accounts
Calendar year:
1991 30.8 -0.1 -196.0
1992 35.1 .0 -280.9
1993 40.1 .0 -250.7
1994 35.9 .0 -186.7
1995 34.8 .0 -174.4
1996 32.7 .0 -110.3
1997 32.5 .0 -21.1
1998 366.0 .0 72.8
1995: III 35.2 .0 -176.9
IV 35.1 .0 -153.0
1996: I 34.4 .0 -150.1
II 33.5 .0 -112.6
III 30.8 .0 -100.1
IV 32.0 .0 -78.3
1997: I 32.0 .0 -51.2
II 31.6 .0 -34.1
III 32.5 .0 -.3
IV 33.7 .0 2.2
1998: I 33.4 .0 58.8
II 33.5 .0 74.4
III 34.0 .0 92.0
IV 45.4 .0 65.8
1999: (r) 34.5 .0 122.7
Source: Department of Commerce, Bureau of Economic Analysis.3 |
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