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FEDERAL FINANCE.

FEDERAL RECEIPTS, OUTLAYS, AND DEBT

In the first 10 months of fiscal 1999, there was a surplus of 69.1 billion, compared with a surplus of $43.0 billion a year earlier.

[ILLUSTRATION OMITTED]
[Billions of dollars]

 Total

Fiscal year Surplus or
or period 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) 1,826.3 1,727.5 98.8

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 1,428.7 1,385.7 43.0
 Fiscal year 1999 1,500.1 1,431.0 69.1

 On-budget

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

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 1,142.8 -300.4
1994 923.6 1,182.4 -258.8
1995 1,000.8 1,227.1 -226.3
1996 1,085.6 1,259.6 -174.0
1997 1,187.3 1,290.6 -103.3
1998 1,306.0 1,335.9 -29.9
1999 (estimates) 1,381.9 1,406.7 -24.8

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 1,076.7 1,134.3 -57.6
 Fiscal year 1999 1,129.5 1,176.5 -47.0

 Off-budget

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

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 (estimates) 444.4 320.8 123.6

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 352.0 251.4 100.5
 Fiscal year 1999 370.6 254.5 116.1

 Federal debt
 (end of period)

Fiscal year Gross Held by
or period Federal the public

1982 1,137.3 919.8
1983 1,371.7 1,131.6
1984 1,564.7 1,300.5
1985 1,817.5 1,499.9
1986 2,120.6 1,736.1
1987 2,346.1 1,888.7
1988 2,601.3 2,050.8
1989 2,868.0 2,189.9

1990 3,206.6 2,410.1
1991 3,598.5 2,688.1
1992 4,002.1 2,998.8
1993 4,351.4 3,247.5
1994 4,643.7 3,432.1
1995 4,921.0 3,603.4
1996 5,181.9 3,733.0
1997 5,369.7 3,771.1
1998 5,478.7 3,719.9
1999 (estimates) 5,615.3 3,653.0

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 5,479.7 3,732.5
 Fiscal year 1999 5,589.5 3,652.8


(1) Data from current issue Monthly Treasury Statement.

NOTE.--Data for fiscal 1999 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 RECEIPTS BY SOURCE AND OUTLAYS BY FUNCTION

In the first 10 months of fiscal 1999, receipts were $71.4 nillion higher than a year and outlays were $45.3 billion higher.

[ILLUSTRATION OMITTED]
[Billions of dollars]

 On-budget and off-budget receipts

Fiscal year Individual Corporation
or period Total income taxes income 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 (estimates) 1,826.3 886.7 179.5

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 1,428.7 682.8 150.4
 Fiscal year 1999 1,500.1 729.1 140.7

 On-budget and
 off-budget receipts
 On-budget and
 Social off-budget
 insurance and outlays
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 1,409.4
1994 461.5 113.7 1,461.7
1995 484.5 120.1 1,515.7
1996 509.4 115.4 1,560.5
1997 539.4 120.2 1,601.2
1998 571.8 132.7 1,652.6
1999 (estimates) 608.0 152.1 1,727.5

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 483.0 112.6 1,385.7
 Fiscal year 1999 507.0 123.3 1,431.0

 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 265.7 253.2 13.5
1997 270.5 258.3 15.2
1998 268.5 256.1 13.1
1999 (estimates) 282.2 268.6 15.9

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 227.2 215.2 11.6
 Fiscal year 1999 231.6 218.8 13.4

 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 (estimates) 142.8 199.9 240.7

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 109.0 164.2 201.4
 Fiscal year 1999 115.8 161.1 203.4

 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 232.5 169.3 159.3

1990 248.6 184.2 204.3
1991 269.0 194.5 225.7
1992 287.6 199.4 174.7
1993 304.6 198.8 160.4
1994 319.6 203.0 174.5
1995 335.8 232.2 163.4
1996 349.7 241.1 170.9
1997 365.3 244.0 161.5
1998 379.2 243.4 190.9
1999 (estimates) 390.7 229.4 225.9

Cumulative
 total, first
 10 months:(1)
 Fiscal year 1998 316.0 206.0 150.4
 Fiscal year 1999 325.1 195.1 185.6


(1) Data from current issue Monthly Treasury Statement.

NOTE.--Data for fiscal 1999 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 second quarter of 1999, according to revised estimates, Federal receipts rose $32.2 billion (annual rate), while Federal current expenditures rose $14.1 billion.

[ILLUSTRATION OMITTED]

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

 Indirect
 Personal Corporate business
 tax and profits tax and
 nontax tax nontax
Period Total receipts accruals accruals

Calendar
year:
 1991 1,149.0 476.9 109.8 79.7
 1992 1,198.5 490.8 118.6 81.9
 1993 1,275.1 522.6 138.3 86.9
 1994 1,374.8 562.3 156.7 98.7
 1995 1,460.3 606.1 179.3 92.5
 1996 1,584.7 687.0 193.0 94.5
 1997 1,719.9 769.1 210.0 93.8
 1998 1,844.2 858.0 204.9 95.9

1995: III 1,469.1 608.2 186.2 89.2
 IV 1,486.8 623.9 182.1 90.3

1996: I 1,529.9 652.6 191.2 89.9
 II 1,581.7 691.4 195.2 88.5
 III 1,593.7 693.8 194.3 90.5
 IV 1,633.5 710.0 191.4 109.2

1997: I 1,671.1 741.7 203.9 90.7
 II 1,703.6 759.1 206.5 95.5
 III 1,739.6 776.9 217.0 95.1
 IV 1,765.5 798.6 212.8 93.8

1998: I 1,809.1 836.5 204.8 93.9
 II 1,838.3 855.7 206.2 95.2
 III 1,858.8 863.8 207.5 98.3
 IV 1,870.4 875.9 201.0 96.0

1999: I 1,914.7 891.3 213.8 95.7
 II(r) 1,946.9 909.3 219.5 95.9

 Federal
 Government
 receipts Federal Government
 current expenditures
 Contributions
 for social Consumption
Period insurance Total expenditures

Calendar
year:
 1991 482.6 1,345.0 445.9
 1992 507.1 1,479.4 451.0
 1993 527.3 1,525.7 447.3
 1994 557.1 1,561.4 443.2
 1995 582.4 1,634.7 442.8
 1996 610.2 1,695.0 450.9
 1997 647.0 1,741.0 460.4
 1998 685.4 1,771.4 461.0

1995: III 585.5 1,646.0 447.2
 IV 590.5 1,639.8 436.5

1996: I 596.2 1,680.0 445.7
 II 606.7 1,694.4 453.1
 III 615.0 1,693.8 452.9
 IV 622.9 1,711.9 451.8

1997: I 634.8 1,722.3 456.8
 II 642.4 1,738.4 464.8
 III 650.6 1,739.9 460.0
 IV 660.3 1,763.4 460.1

1998: I 673.9 1,750.3 450.9
 II 681.2 1,763.9 464.0
 III 689.2 1,766.7 458.7
 IV 697.5 1,804.6 470.6

1999: I 714.0 1,792.0 471.8
 II(r) 722.1 1,806.1 469.6

 Federal Government
 current expenditures

 Grants-in-aid
 to State and Net
 Transfer and local interest
Period payments governments paid

Calendar
year:
 1991 522.2 153.4 192.7
 1992 625.1 172.2 195.8
 1993 659.9 185.8 192.7
 1994 683.0 199.2 200.0
 1995 720.3 212.0 224.8
 1996 764.2 218.9 228.4
 1997 791.9 225.0 231.2
 1998 816.6 231.1 226.1

1995: III 724.8 211.0 227.8
 IV 731.5 208.1 228.7

1996: I 757.8 214.3 227.7
 II 757.9 223.8 226.1
 III 762.5 219.0 228.6
 IV 778.6 218.4 231.1

1997: I 783.4 220.7 229.4
 II 787.1 223.2 231.6
 III 791.2 224.4 231.9
 IV 805.9 231.8 231.8

1998: I 808.5 228.7 228.8
 II 811.1 226.9 228.3
 III 817.0 231.4 225.7
 IV 829.8 237.4 221.4

1999: I 830.4 241.1 214.3
 II(r) 834.7 245.5 214.9

 Federal Government current
 expenditures Current
 surplus or
 Subsidies deficit (-),
 less current Less: Wage national
 surplus of accruals income and
 Government less product
Period enterprises disbursement 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 36.6 .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 -34.8
 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: I 34.5 .0 122.7
 II(r) 41.4 .0 140.8


Source: Department of Commerce, Bureau of Economic Analysis.
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Publication:Economic Indicators
Article Type:Illustration
Geographic Code:1USA
Date:Aug 1, 1999
Words:2654
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