Business Services Industry
Federal finance
Economic Indicators, Feb, 2006
FEDERAL RECEIPTS, OUTLAYS, AND DEBT
In the first 4 months of fiscal 2006, there was a deficit of $98.3
billion, compared with a deficit of $109.5 billion a year earlier.
[GRAPHIC OMITTED]
(Billions of dollars]
Total
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
1989 991.2 1,143.8 -152.6
1990 1,032.1 1,253.1 -221.0
1991 1,055.1 1,324.3 -269.2
1992 1,091.3 1,381.6 -290.3
1993 1,154.5 1,409.5 -255.1
1994 1,258.7 1,461.9 -203.2
1995 1,351.9 1,515.9 -164.0
1996 1,453.2 1,560.6 -107.4
1997 1,579.4 1,601.3 -21.9
1998 1,722.0 1,652.7 69.3
1999 1,827.6 1,702.0 125.6
2000 2,025.5 1,789.2 236.2
2001 1,991.4 1,863.2 128.2
2002 1,853.4 2,011.2 -157.8
2003 1,782.5 2,160.1 -377.6
2004 1,880.3 2,293.0 -412.7
2005 2,153.9 2,472.2 -318.3
2006 (estimates) 2,285.5 2,708.7 -423.2
Cumulative total, first 4
months: (1)
Fiscal year 2005 689.4 798.9 -109.5
Fiscal year 2006 760.2 858.5 -98.3
On-budget
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
1989 727.5 932.9 -205.4
1990 750.4 1,028.1 -277.6
1991 761.2 1,082.6 -321.4
1992 788.9 1,129.3 -340.4
1993 842.5 1,142.9 -300.4
1994 923.7 1,182.5 -258.8
1995 1,000.9 1,227.2 -226.4
1996 1,085.7 1,259.7 -174.0
1997 1,187.4 1,290.7 -103.2
1998 1,306.2 1,336.1 -29.9
1999 1,383.2 1,381.3 1.9
2000 1,544.9 1,458.5 86.4
2001 1,483.9 1,516.4 -32.4
2002 1,338.1 1,655.5 -317.4
2003 1,258.7 1,797.1 -538.4
2004 1,345.5 1,913.5 -568.0
2005 1,576.4 2,070.0 -493.6
2006 (estimates) 1,675.5 2,277.7 -602.1
Cumulative total, first 4
months: (1)
Fiscal year 2005 510.2 689.1 -178.9
Fiscal year 2006 573.3 738.9 -165.6
Off-budget
Surplus
or
deficit
Fiscal year or period Receipts Outlays (-)
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 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 (estimates) 610.0 431.0 179.0
Cumulative total, first 4
months: (1)
Fiscal year 2005 179.2 109.8 69.4
Fiscal year 2006 187.0 119.7 67.3
Federal debt (end of
period
Gross Held by
Fiscal year or period Federal the public
1989 2,867.8 2,190.7
1990 3,206.3 2,411.6
1991 3,598.2 2,689.0
1992 4,001.8 2,999.7
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 (estimates) 8,611.5 5,018.9
Cumulative total, first 4
months: (1)
Fiscal year 2005 7,600.9 4,415.1
Fiscal year 2006 8,163.6 4,711.7
(1) Data from current issue Monthly Treasury Statement.
NOTE.--Data (except as noted) are from Budget of the United States
Government, Fiscal Year 2007, issued February 6, 2006.
Sources: Department of the Treasury and Office of Management and
Budget.
FEDERAL RECEIPTS BY SOURCE AND
OUTLAYS BY FUNCTION
In the first 4 months of fiscal 2006, receipts were $70.8 billion
higher than a year earlier and outlays were $59.6 billion higher.
[GRAPHIC OMITTED]
[Billions of dollars]
On-budget and off-budget receipts
Social
insur-
Cor- ance
Individ- pora- and
ual tion retire-
income income ment
Fiscal year or period Total taxes taxes receipts
1989 991.2 445.7 103.3 359.4
1990 1,032.1 466.9 93.5 380.0
1991 1,055.1 467.8 98.1 396.0
1992 1,091.3 476.0 100.3 413.7
1993 1,154.5 509.7 117.5 428.3
1994 1,258.7 543.1 140.4 461.5
1995 1,351.9 590.2 157.0 484.5
1996 1,453.2 656.4 171.8 509.4
1997 1,579.4 737.5 182.3 539.4
1998 1,722.0 828.6 188.7 571.8
1999 1,827.6 879.5 184.7 611.8
2000 2,025.5 1,004.5 207.3 652.9
2001 1,991.4 994.3 151.1 694.0
2002 1,853.4 858.3 148.0 700.8
2003 1,782.5 793.7 131.8 713.0
2004 1,880.3 809.0 189.4 733.4
2005 2,153.9 927.2 278.3 794.1
2006 (estimates) 2,285.5 997.6 277.1 841.1
Cumulative total, first 4
months: (1)
Fiscal year 2005 689.4 324.7 71.0 245.0
Fiscal year 2006 760.2 359.9 90.1 257.3
On-budget and off-budget
outlays
On-budget National defense
and
off-budget Depart-
receipts ment of
Defense,
Fiscal year or period Other Total Total military
1989 82.8 1,143.8 303.6 294.8
1990 91.7 1,253.1 299.3 289.7
1991 93.2 1,324.3 273.3 262.3
1992 101.4 1,381.6 298.4 286.8
1993 99.0 1,409.5 291.1 278.5
1994 113.8 1,461.9 281.6 268.6
1995 120.2 1,515.9 272.1 259.4
1996 115.5 1,560.6 265.8 253.1
1997 120.3 1,601.3 270.5 258.3
1998 132.9 1,652.7 268.5 256.1
1999 151.7 1,702.0 274.9 261.3
2000 160.9 1,789.2 294.5 281.2
2001 152.0 1,863.2 304.9 290.3
2002 146.2 2,011.2 348.6 332.0
2003 144.1 2,160.1 404.9 387.3
2004 148.5 2,293.0 455.9 436.5
2005 154.2 2,472.2 495.3 474.2
2006 (estimates) 169.7 2,708.7 535.9 512.1
Cumulative total, first 4
months: (1)
Fiscal year 2005 48.7 798.9 157.8 151.0
Fiscal year 2006 52.9 858.5 170.7 163.6
On-budget and off-budget outlays
Inter-
nation-
al Medi- Income
Fiscal year or period affairs Health care security
1989 9.6 48.4 85.0 137.4
1990 13.8 57.7 98.1 148.7
1991 15.9 71.2 104.5 172.5
1992 16.1 89.5 119.0 199.6
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 15.2 141.1 190.4 242.5
2000 17.2 154.5 197.1 253.7
2001 16.5 172.3 217.4 269.8
2002 22.4 196.5 230.9 312.7
2003 21.2 219.6 249.4 334.6
2004 26.9 240.1 269.4 333.1
2005 34.6 250.6 298.6 345.8
2006 (estimates) 34.8 268.8 343.0 360.6
Cumulative total, first 4
months: (1)
Fiscal year 2005 13.3 82.2 93.3 105.4
Fiscal year 2006 12.3 84.7 98.8 105.4
On-budget and off-budget
outlays
Net
Social inter-
Fiscal year or period security est Other
1989 232.5 169.0 158.4
1990 248.6 184.3 202.6
1991 269.0 194.4 223.6
1992 287.6 199.3 172.2
1993 304.6 198.7 158.0
1994 319.6 202.9 171.7
1995 335.8 232.1 160.3
1996 349.7 241.1 167.3
1997 365.3 244.0 157.4
1998 379.2 241.1 188.8
1999 390.0 229.8 218.1
2000 409.4 222.9 239.8
2001 433.0 206.2 243.3
2002 456.0 170.9 273.2
2003 474.7 153.1 302.6
2004 495.5 160.2 311.9
2005 523.3 184.0 339.9
2006 (estimates) 554.7 220.1 390.8
Cumulative total, first 4
months: (1)
Fiscal year 2005 169.1 58.4 119.5
Fiscal year 2006 178.7 71.4 136.4
(1) Data iron, current issue Monthly Treasury Statement. Data for
Department of Defense, military, include a small amount classified as
international affairs, and not included in national defense.
NOTE.--Data (except as noted) are from Budget of the United States
Government, Fiscal Year 2007, issued February 6, 2006.
Sources: Department of the Treasury and Office of Management and
Budget.
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS
In the fourth quarter of 2005, according to revised estimates, Federal
current expenditures rose $48.3 billion (annual rate); receipts data
are incomplete.
[GRAPHIC OMITTED]
[Billions of dollars; quarterly data at seasonally adjusted annual
rated]
Federal Government current receipts
Current tax receipts
Per- Taxes Taxes
sonal on on
cur- produc- corpo-
rent tion and rate
Period Total Total (1) taxes imports income
Calendar year:
1996 1,524.0 932.4 663.4 73.2 190.6
1997 1,653.1 1,030.6 744.3 78.2 203.0
1998 1,773.8 1,116.8 825.8 81.1 204.2
1999 1,891.2 1,195.7 893.0 83.9 213.0
2000 2,053.8 1,313.6 999.1 87.8 219.4
2001 2,016.2 1,252.2 994.5 85.8 164.7
2002 1,853.2 1,075.5 830.5 87.3 750.5
2003 1,868.6 1,059.2 774.3 89.7 186.7
2004 1,974.8 1,122.4 801.8 94.0 217.4
2005 (r) 934.9 97.2
2002: I 1,845.9 1,071.3 843.1 84.9 136.3
II 1,854.1 1,077.5 835.2 87.7 147.4
III 1,856.1 1,075.4 825.8 88.5 153.9
IV 1,856.6 1,078.0 818.0 88.0 164.2
2003: I 1,881.4 1,084.4 806.7 90.1 180.7
II 1,896.3 1,089.6 811.2 89.7 178.8
III 1,808.9 994.5 708.8 88.8 189.1
IV 1,887.9 1,068.2 770.6 90.2 198.1
2004: I 1,917.8 1,080.7 771.3 93.4 206.9
II 1,951.4 1,108.1 786.3 93.4 219.9
III 1,975.4 1,119.4 810.0 94.0 207.5
IV 2,054.6 1,181.3 839.7 95.1 235.3
2004: I 3,196.6 1,305.1 908.3 95.4 291.7
II 2,227.9 1,331.8 924.3 98.3 300.8
III (r) 2,155.8 1,343.2 945.0 97.5 290.7
IV (r) 962.0 97.6
Federal Government current receipts
Contri- Cur-
butions rent
for surplus
govern- of gov-
ment Income ern-
social receipts Current ment
insur- on transfer enter-
Period ance assest receipts prises
Calendar year:
1996 542.8 26.9 23.1 -1.2
1997 576.4 25.9 19.9 .3
1998 613.8 21.5 21.5 .1
1999 651.6 21.5 22.7 -.3
2000 691.7 25.2 25.7 -2.3
2001 717.5 24.9 27.1 -5.5
2002 734.3 20.2 24.8 -1.6
2003 759.1 22.7 25.7 1.9
2004 802.5 21.9 28.6 -.5
2005 (r) 851.2 23.2 7.6 -3.7
2002: I 732.1 21.1 25.7 -4.3
II 735.5 20.1 24.9 -3.9
III 735.0 19.8 24.5 1.4
IV 734.4 19.9 24.0 .3
2003: I 749.0 19.5 24.8 3.7
II 756.4 22.8 25.5 2.1
III 762.9 24.0 26.2 1.4
IV 768.1 24.6 26.5 .6
2004: I 787.2 22.0 27.6 .3
II 793.5 21.5 28.1 .3
III 806.0 21.8 28.7 -.4
IV 833.4 22.2 30.0 -2.3
2004: I 841.1 23.0 30.4 -2.9
II 845.1 24.3 30.2 -3.6
III (r) 855.4 22.8 -61.4 -4.3
IV (r) 863.3 22.9 31.3 -4.1
Federal Government current expenditures
Con- Cur-
sump- rent
tion trans- Inter-
expen- fer est
di- pay- pay- Subsi-
Period Total (2) tures ments ments dies
Calendar year:
1996 1,615.8 446.3 888.3 297.3 34.0
1997 7,708.9 457.7 918.8 300.0 32.4
1998 1,734.9 454.6 946.5 298.8 35.0
1999 1,787.6 475.1 986.1 282.7 43.8
2000 1,864.4 499.3 1,038.1 283.3 43.8
2001 1,969.5 531.9 1,131.4 258.6 47.6
2002 2,101.1 591.5 1,243.0 229.1 37.5
2003 2,251.4 661.9 1,327.7 215.2 46.5
2004 2,381.3 725.7 1,391.2 221.5 43.0
2005 (r) 2,548.9 769.6 1,475.4 239.1 54.8
2002: I 2,054.4 571.3 1,215.1 229.9 38.1
II 2,095.5 585.0 1,240.7 233.3 86.5
III 2,103.4 591.4 1,247.6 227.7 36.7
IV 2,151.1 618.5 1,268.5 225.4 38.7
2003: I 2,177.4 634.7 1,285.0 217.0 42.0
II 2,270.1 667.6 1,332.1 214.9 54.2
III 2,265.1 668.4 1,339.0 212.2 45.5
IV 2,292.9 676.8 1,354.8 216.8 44.4
2004: I 2,347.2 710.7 1,379.3 216.9 41.8
II 2,364.9 721.1 1,382.6 218.4 41.3
III 2,387.0 735.7 1,384.0 224.5 42.8
IV 2,426.2 735.1 1,419.0 226.1 46.1
2004: I 2,494.9 759.6 1,458.7 226.6 50.1
II 2,525.2 762.8 1,459.9 250.8 51.6
III (r) 2,563.7 782.9 1,474.4 250.8 55.6
IV (r) 2,612.0 773.1 1,508.6 268.3 61.9
Federal
Government
current
expenditures
Net
Federal
Govern-
ment
Period saving
Calendar year:
1996 -141.8
1997 -55.8
1998 38.8
1999 103.6
2000 189.5
2001 46.7
2002 -247.9
2003 -382.7
2004 -406.5
2005 (r)
2002: I -208.5
II -241.4
III -247.3
IV -294.6
2003: I -296.0
II -373.8
III -456.2
IV -405.0
2004: I -429.3
II -413.4
III -411.6
IV -371.6
2004: I -298.3
II -297.3
III (r) -407.9
IV (r)
(1) Includes taxes from the teat of the world, not shown separately.
(2) Includes a suhtraetion for wage accruals lesa disbursements, not
shown separately.
Note.--Revisions include changes to series affected by revised wage and
salary estimates for 2005:III.
Source: Department of Commerce, Bureau of Economic Analysis.
COPYRIGHT 2006 Superintendent of Documents
COPYRIGHT 2008 Gale, Cengage Learning
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