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Federal finance.

FEDERAL FINANCE

Federal Receipts, Outlays, and Debt

In the eleventh month of fiscal 2011, the deficit was $1,234.1
billion, compared with $1,259.6 billion a year earlier.

[Billions of dollars]

                                         Total

                                                       Surplus
    Fiscal year                                       or deficit
     or period           Receipts       Outlays          (-)

1993                      1,154.3       1,409.4          -255.1
1994                      1,258.6       1,461.8          -203.2
1995                      1,351.8       1,515.7          -164.0
1996                      1,453.1       1,560.5          -107.4
1997                      1,579.2       1,601.1           -21.9
1998                      1,721.7       1,652.5            69.3
1999                      1,827.5       1,701.8           125.6
2000                      2,025.2       1,789.0           236.2
2001                      1,991.1       1,862.8           128.2
2002                      1,853.1       2,010.9          -157.8
2003                      1,782.3       2,159.9          -377.6
2004                      1,880.1       2,292.8          -412.7
2005                      2,153.6       2,472.0          -318.3
2006                      2,406.9       2,655.1          -248.2
2007                      2,568.0       2,728.7          -160.7
2008                      2,524.0       2,982.5          -458.6
2009                      2,105.0       3,517.7        -1,412.7
2010                      2,162.7       3,456.2        -1,293.5
2011 (estimates)          2,314.4       3,630.1        -1,315.8
2012 (estimates)          2,673.6       3,670.0          -996.5

Cumulative total,
first 11 months: (1)
Fiscal year 2010          1,916.5       3,176.1        -1,259.6
Fiscal year 2011          2,062.3       3,296.4        -1,234.1

                                       On-budget

                                                       Surplus
    Fiscal year                                       or deficit
     or period           Receipts       Outlays          (-)

1993                       842.4        1,142.8         -300.4
1994                       923.5        1,182.4         -258.8
1995                     1,000.7        1,227.1         -226.4
1996                     1,085.6        1,259.6         -174.0
1997                     1,187.2        1,290.5         -103.2
1998                     1,305.9        1,335.9          -29.9
1999                     1,383.0        1,381.1            1.9
2000                     1,544.6        1,458.2           86.4
2001                     1,483.6        1,516.0          -32.4
2002                     1,337.8        1,655.2         -317.4
2003                     1,258.5        1,796.9         -538.4
2004                     1,345.4        1,913.3         -568.0
2005                     1,576.1        2,069.7         -493.6
2006                     1,798.5        2,233.0         -434.5
2007                     1,932.9        2,275.0         -342.2
2008                     1,865.9        2,507.8         -641.8
2009                     1,451.0        3,000.7       -1,549.7
2010                     1,531.0        2,901.5       -1,370.5
2011 (estimates)         1,750.3        3,127.7       -1,377.4
2012 (estimates)         2,022.4        3,082.8       -1,060.4

Cumulative total,
first 11 months: (1)
Fiscal year 2010         1,335.5        2,684.6       -1,349.1
Fiscal year 2011         1,544.2        2,849.4       -1,305.2

                                       Off-budget

                                                       Surplus
    Fiscal year                                       or deficit
     or period           Receipts       Outlays          (-)

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                       480.6          330.8          149.8
2001                       507.5          346.8          160.7
2002                       515.3          355.7          159.7
2003                       523.8          363.0          160.8
2004                       534.7          379.5          155.2
2005                       577.5          402.2          175.3
2006                       608.4          422.1          186.3
2007                       635.1          453.6          181.5
2008                       658.0          474.8          183.3
2009                       654.0          517.0          137.0
2010                       631.7          554.7           77.0
2011 (estimates)           564.1          502.5           61.7
2012 (estimates)           651.2          587.3           63.9

Cumulative total,
first 11 months: (1)
Fiscal year 2010           581.0          491.5           89.5
Fiscal year 2011           518.2          447.0           71.1

                              Federal debt
                            (end of period)

    Fiscal year           Gross         Held by
     or period           Federal       the public

1993                     4,351.0        3,248.4
1994                     4,643.3        3,433.1
1995                     4,920.6        3,604.4
1996                     5,181.5        3,734.1
1997                     5,369.2        3,772.3
1998                     5,478.2        3,721.1
1999                     5,605.5        3,632.4
2000                     5,628.7        3,409.8
2001                     5,769.9        3,319.6
2002                     6,198.4        3,540.4
2003                     6,760.0        3,913.4
2004                     7,354.7        4,295.5
2005                     7,905.3        4,592.2
2006                     8,451.4        4,829.0
2007                     8,950.7        5,035.1
2008                     9,986.1        5,803.1
2009                    11,875.9        7,544.7
2010                    13,528.8        9,018.9
2011 (estimates)        14,917.7       10,263.9
2012 (estimates)        16,094.6       11,307.3

Cumulative total,
first 11 months: (1)
Fiscal year 2010        13,413.8        8,920.4
Fiscal year 2011        14,654.7       10,023.4

(1) Data from current issue Monthly Treasury Statement.

Note: Data for fiscal year 2011 and fiscal year 2012 are from
Mid-Session Review, Budget of the U.S. Government, Fiscal Year
2012, issued September 1, 2011. Other data (except as noted) are
from Budget of the United States Government, Fiscal Year 2012,
issued February 14, 2011.

Sources: Department of the Treasury and Office of Management and
Budget.

Federal Receipts by Source and Outlays by Function

In the eleventh month of fiscal 2011, receipts were $145.8
billion higher than a year earlier and outlays were $120.3
billion higher.

[Billions of dollars]

                            On-budget and off-budget receipts

                                                               Social
                                                             insurance
                                  Individual   Corporation      and
    Fiscal year                     income       income      retirement
     or period          Total       taxes         taxes       receipts

1993                   1,154.3       509.7         117.5        428.3
1994                   1,258.6       543.1         140.4        461.5
1995                   1,351.8       590.2         157.0        484.5
1996                   1,453.1       656.4         171.8        509.4
1997                   1,579.2       737.5         182.3        539.4
1998                   1,721.7       828.6         188.7        571.8
1999                   1,827.5       879.5         184.7        611.8
2000                   2,025.2     1,004.5         207.3        652.9
2001                   1,991.1       994.3         151.1        694.0
2002                   1,853.1       858.3         148.0        700.8
2003                   1,782.3       793.7         131.8        713.0
2004                   1,880.1       809.0         189.4        733.4
2005                   2,153.6       927.2         278.3        794.1
2006                   2,406.9     1,043.9         353.9        837.8
2007                   2,568.0     1,163.5         370.2        869.6
2008                   2,524.0     1,145.7         304.3        900.2
2009                   2,105.0       915.3         138.2        890.9
2010                   2,162.7       898.5         191.4        864.8
2011 (estimates)       2,314.4     1,089.1         194.2        815.5
2012 (estimates)       2,673.6     1,208.5         332.8        914.4

Cumulative total,
first 11 months: (1)
Fiscal year 2010       1,916.5       791.2         142.4        797.4
Fiscal year 2011       2,062.3       977.1         142.2        752.1

                       On-budget  On-budget and off-budget outlays
                       and off-
                        budget                  National defense
                       receipts
                                                        Department
    Fiscal year                                         of Defense,
     or period          Other      Total      Total      military

1993                     98.8     1,409.4     291.1        278.5
1994                    113.7     1,461.8     281.6        268.6
1995                    120.1     1,515.7     272.1        259.4
1996                    115.4     1,560.5     265.7        253.1
1997                    120.1     1,601.1     270.5        258.3
1998                    132.6     1,652.5     268.2        255.8
1999                    151.5     1,701.8     274.8        261.2
2000                    160.6     1,789.0     294.4        281.0
2001                    151.7     1,862.8     304.7        290.2
2002                    146.0     2,010.9     348.5        331.8
2003                    143.9     2,159.9     404.7        387.1
2004                    148.4     2,292.8     455.8        436.4
2005                    154.0     2,472.0     495.3        474.1
2006                    171.2     2,655.1     521.8        499.3
2007                    164.7     2,728.7     551.3        528.5
2008                    173.7     2,982.5     616.1        594.6
2009                    160.5     3,517.7     661.0        636.7
2010                    207.9     3,456.2     693.6        666.7
2011 (estimates)        215.7     3,630.1     705.4        679.0
2012 (estimates)        217.9     3,670.0     738.3        708.1

Cumulative total,
first 11 months: (1)
Fiscal year 2010        185.5     3,176.1     631.3        605.0
Fiscal year 2011        191.0     3,296.4     642.3        614.9

                               On-budget and off-budget outlays

    Fiscal year        International                          Income
     or period            affairs       Health    Medicare   security

1993                       17.2           99.4      130.6      210.0
1994                       17.1          107.1      144.7      217.2
1995                       16.4          115.4      159.9      223.8
1996                       13.5          119.4      174.2      229.7
1997                       15.2          123.8      190.0      235.0
1998                       13.1          131.4      192.8      237.8
1999                       15.2          141.0      190.4      242.5
2000                       17.2          154.5      197.1      253.7
2001                       16.5          172.2      217.4      269.8
2002                       22.3          196.5      230.9      312.7
2003                       21.2          219.5      249.4      334.6
2004                       26.9          240.1      269.4      333.1
2005                       34.6          250.5      298.6      345.8
2006                       29.5          252.7      329.9      352.5
2007                       28.5          266.4      375.4      366.0
2008                       28.9          280.6      390.8      431.3
2009                       37.5          334.3      430.1      533.2
2010                       45.2          369.1      451.6      622.2
2011 (estimates)           47.2          377.3      489.7      607.2
2012 (estimates)           59.4          369.2      485.0      548.6

Cumulative total,
first 11 months: (1)
Fiscal year 2010           39.6          338.2      413.0      579.6
Fiscal year 2011           39.6          345.2      430.0      550.8

                       On-budget and off-budget outlays

    Fiscal year         Social      Net
     or period         security   interest    Other

1993                     304.6      198.7     157.9
1994                     319.6      202.9     171.5
1995                     335.8      232.1     160.2
1996                     349.7      241.1     167.2
1997                     365.3      244.0     157.3
1998                     379.2      241.1     188.9
1999                     390.0      229.8     218.1
2000                     409.4      222.9     239.7
2001                     433.0      206.2     243.1
2002                     456.0      170.9     273.1
2003                     474.7      153.1     302.6
2004                     495.5      160.2     311.8
2005                     523.3      184.0     339.8
2006                     548.5      226.6     393.5
2007                     586.2      237.1     317.9
2008                     617.0      252.8     365.2
2009                     683.0      186.9     651.6
2010                     706.7      196.2     371.6
2011 (estimates)         731.7      215.7     456.0
2012 (estimates)         774.5      234.5     460.4

Cumulative total,
first 11 months: (1)
Fiscal year 2010         647.1      203.1     324.2
Fiscal year 2011         669.4      233.7     385.5

(1) Data from current issue Monthly Treasury Statement. Data for
Department of Defense, military, include a small amount that is
classified and listed under international affairs, and not included
in national defense.

Note: Data for fiscal year 2011 and fiscal year 2012 are from
Mid-Session Review, Budget of the U.S. Government, Fiscal Year
2012, issued September 1, 2011. Other data (except as noted) are
from Budget of the United States Government, Fiscal Year 2012,
issued February 14, 2011.

Sources: Department of the Treasury and Office of Management and
Budget.

Federal Sector, National Income Accounts Basis

In the second quarter of 2011, according to revised estimates,
Federal current receipts rose $36.5 billion (annual rate), while
Federal current expenditures rose $100.5 billion.

[Billions of dollars; quarterly data
at seasonally adjusted annual rates]

                    Federal Government current receipts

                                 Current tax receipts

                                              Personal
                                               current
    Period          Total       Total (1)       taxes

Calendar year:
  2001             2,020.3       1,249.4         991.8
  2002             1,859.3       1,073.5         828.6
  2003             1,885.1       1,070.2         774.2
  2004             2,013.9       1,153.8         799.2
  2005             2,290.1       1,383.7         931.9
  2006             2,524.5       1,558.3       1,049.9
  2007             2,654.7       1,637.6       1,165.6
  2008             2,502.2       1,447.7       1,101.3
  2009             2,232.5       1,170.2         856.6
  2010             2,429.6       1,340.7         896.4

2008: I            2,640.1       1,586.2       1,200.2
      II           2,409.8       1,358.4         982.6
      III          2,501.4       1,450.2       1,106.3
      IV           2,457.7       1,396.1       1,116.0

2009: I            2,225.9       1,169.7         915.7
      II           2,214.0       1,137.1         844.6
      III          2,221.6       1,168.7         830.8
      IV           2,268.5       1,205.4         835.2

2010: I            2,364.8       1,290.3         856.5
      II           2,407.8       1,322.0         888.7
      III          2,475.4       1,377.8         912.3
      IV           2,470.5       1,372.8         927.8

2011: I            2,527.9       1,513.3       1,046.8
      II (r)       2,564.4       1,537.7       1,070.3

                   Federal Government current receipts

                   Current tax receipts
                                             Contributions
                  Taxes on                        for
                 production     Taxes on      government
                     and        corporate       social
    Period         imports       income        insurance

Calendar year:
  2001               85.3         164.7           723.3
  2002               86.8         150.5           739.3
  2003               89.3         197.8           762.8
  2004               94.3         250.3           807.6
  2005               98.8         341.0           852.6
  2006               99.4         395.0           904.6
  2007               94.5         362.8           945.3
  2008               94.0         233.7           973.1
  2009               97.3         201.7           948.9
  2010              101.5         329.6           970.9

2008: I              92.6         276.9           975.9
      II             95.7         263.8           972.5
      III            94.5         232.1           974.4
      IV             93.2         161.7           969.7

2009: I              90.5         147.7           951.2
      II            100.0         176.7           951.7
      III            99.0         225.9           946.6
      IV             99.6         256.3           945.9

2010: I              98.3         322.3           960.3
      II            102.0         318.1           969.9
      III           103.6         348.9           975.5
      IV            101.9         329.1           977.9

2011: I             106.7         345.4           894.6
      II (r)        112.0         340.0           905.7

                   Federal Government current receipts

                   Income                      Current
                  receipts       Current     surplus of
                     on         transfer     government
    Period         assets       receipts     enterprises

Calendar year:
  2001              24.5          27.0          -4.0
  2002              20.3          26.1            .2
  2003              22.8          25.6           3.7
  2004              23.2          29.0            .3
  2005              23.7          33.6          -3.5
  2006              26.1          38.3          -2.9
  2007              29.8          44.8          -2.7
  2008              30.7          54.4          -3.7
  2009              48.1          69.8          -4.4
  2010              53.1          69.7          -4.8

2008: I             31.5          49.6          -3.0
      II            32.6          49.8          -3.6
      III           30.6          49.7          -3.7
      IV            27.9          68.4          -4.4

2009: I             39.0          71.1          -5.1
      II            49.6          80.2          -4.7
      III           48.7          61.6          -4.0
      IV            54.9          66.1          -3.9

2010: I             49.8          69.1          -4.7
      II            52.3          68.6          -4.9
      III           55.3          71.6          -4.8
      IV            55.0          69.7          -4.9

2011: I             54.6          68.1          -2.7
      II (r)        54.9          67.4          -1.2

                 Federal Government current expenditures

                                                Current
                                               transfer
                               Consumption     payments
    Period        Total (2)    expenditures       (3)

Calendar year:
  2001            1,979.8          530.2       1,140.0
  2002            2,112.1          590.5       1,252.1
  2003            2,261.5          660.3       1,339.4
  2004            2,393.4          721.4       1,405.0
  2005            2,573.1          765.8       1,491.3
  2006            2,728.3          811.0       1,587.1
  2007            2,900.0          848.9       1,690.4
  2008            3,115.7          931.7       1,841.9
  2009            3,450.4          986.6       2,153.6
  2010            3,703.3        1,054.0       2,313.7

2008: I           3,028.9          908.6       1,766.7
      II          3,174.2          918.7       1,899.8
      III         3,140.4          946.2       1,826.2
      IV          3,119.4          953.5       1,874.9

2009: I           3,219.8          955.2       2,006.2
      II          3,516.9          981.2       2,210.4
      III         3,527.0          997.8       2,189.9
      IV          3,537.9        1,012.4       2,207.9

2010: I           3,636.6        1,033.9       2,283.0
      II          3,685.8        1,056.0       2,289.0
      III         3,733.1        1,066.6       2,331.9
      IV          3,757.8        1,059.6       2,350.7

2011: I           3,729.0        1,059.1       2,312.7
      II (r)      3,829.5        1,077.5       2,346.9

                 Federal Government current expenditures

                                             Net Federal
                  Interest                   Government
    Period        payments      Subsidies      saving

Calendar year:
  2001              258.6          51.1          40.5
  2002              229.1          40.5        -252.8
  2003              212.9          49.0        -376.4
  2004              221.0          46.0        -379.5
  2005              255.4          60.5        -283.0
  2006              279.2          51.0        -203.8
  2007              313.2          47.4        -245.2
  2008              292.1          49.9        -613.5
  2009              251.9          58.3      -1,217.9
  2010              279.9          55.8      -1,273.7

2008: I             305.7          47.9        -388.8
      II            306.8          48.9        -764.4
      III           317.6          50.4        -639.1
      IV            238.4          52.6        -661.7

2009: I             204.1          54.4        -993.9
      II            269.8          55.6      -1,303.0
      III           272.1          67.2      -1,305.4
      IV            261.8          55.9      -1,269.4

2010: I             264.9          54.8      -1,271.8
      II            286.2          54.7      -1,278.0
      III           279.1          55.4      -1,257.7
      IV            289.4          58.2      -1,287.3

2011: I             298.0          59.2      -1,201.1
      II (r)        342.8          62.2      -1,265.1

(1) Includes taxes from the rest of the world, not shown
separately.

(2) Includes an item for the difference between wage
accruals and disbursements, not shown separately.

(3) Includes Federal grants-in-aid to State and local
governments, not shown separately.

Source: Department of Commerce (Bureau of Economic Analysis).
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Publication:Economic Indicators
Article Type:Statistical table
Geographic Code:1USA
Date:Sep 1, 2011
Words:3109
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