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).
COPYRIGHT 2011 Superintendent of Documents
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.
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