FEDERAL FINANCE.
Federal Receipts, Outlays, and DebtIn the first four months of fiscal year 2019, the deficit was $310.3 billion, compared with a deficit of $175.7 billion a year earlier.
[Billions of dollars]
Fiscal year or period Total
Receipts Outlays Surplus
or
deficit
(-)
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 3,457.1 -1,294.4
2011 2,303.5 3,603.1 -1,299.6
2012 2,450.0 3,536.9 -1,087.0
2013 2,775.1 3,454.6 -679.5
2014 3,021.5 3,506.1 -484.6
2015 3,249.9 3,688.4 -438.5
2016 3,268.0 3,852.6 -584.7
2017 3,316.2 3,981.6 -665.4
2018 (1) 3,328.7 4,107.7 -779.0
2019 (estimates) 3,424.4 4,509.6 -1,085.3
Cumulative total, first 4 months: (2)
Fiscal year 2018 1,130.6 1,306.3 -175.7
Fiscal year 2019 1,111.2 1,421.5 -310.3
Fiscal year or period On-budget
Receipts Outlays Surplus
or
deficit
(-)
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 2,902.4 -1,371.4
2011 1,737.7 3,104.5 -1,366.8
2012 1,880.5 3,029.4 -1,148.9
2013 2,101.8 2,820.8 -719.0
2014 2,285.9 2,800.0 -514.1
2015 2,479.5 2,945.3 -465.8
2016 2,457.8 3,077.9 -620.2
2017 2,465.6 3,180.4 -714.8
2018 (1) 2,474.0 3,259.2 -785.2
2019 (estimates) 2,513.3 3,599.8 -1,086.4
Cumulative total, first 4 months: (2)
Fiscal year 2018 861.7 1,052.1 -190.4
Fiscal year 2019 827.1 1,148.4 -321.4
Fiscal year or period Off-budget
Receipts Outlays Surplus
or
deficit
(-)
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 565.8 498.6 67.2
2012 569.5 507.6 61.9
2013 673.3 633.8 39.5
2014 735.6 706.1 29.5
2015 770.4 743.1 27.3
2016 810.2 774.7 35.5
2017 850.6 801.2 49.4
2018 (1) 854.7 848.6 6.2
2019 (estimates) 911.1 909.9 1.2
Cumulative total, first 4 months: (2)
Fiscal year 2018 268.8 254.2 14.7
Fiscal year 2019 284.1 273.0 11.1
Fiscal year or period Federal debt
(end of period)
Gross Held by
Federal the public
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 14,764.2 10,128.2
2012 16,050.9 11,281.1
2013 16,719.4 11,982.7
2014 17,794.5 12,779.9
2015 18,120.1 13,116.7
2016 19,539.5 14,167.6
2017 20,205.7 14,665.5
2018 (1) 21,460.7 15,751.2
2019 (estimates) 22,818.1 16,978.0
Cumulative total, first 4 months: (2)
Fiscal year 2018 20,447.8 14,792.8
Fiscal year 2019 21,924.2 16,090.9
(1) Data for fiscal year 2018 are from Final Monthly Treasury
Statement issued October 15, 2018.
(2) Data from current issue Monthly Treasury Statement.
Note: Data for fiscal year 2019 are from Mid-Session Review, Budget
of the U.S. Government, Fiscal Year 2019, issued July 13, 2018. Other
data (except as noted) are from Budget of the United States
Government, Fiscal Year 2019, issued February 12, 2018.
Sources: Department of the Treasury and Office of Management and
Budget.
Federal Receipts by Source and Outlays by function
In the first four months of fiscal year 2019, receipts were $19.4 billion lower than a year earlier and outlays were $115.2 billion higher.
[Billions of dollars]
Fiscal year or period On-budget and off-budget receipts
Total Individual Corporation Social
income income insurance
taxes taxes and
retirement
receipts
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 2,303.5 1,091.5 181.1 818.8
2012 2,450.0 1,132.2 242.3 845.3
2013 2,775.1 1,316.4 273.5 947.8
2014 3,021.5 1,394.6 320.7 1,023.5
2015 3,249.9 1,540.8 343.8 1,065.3
2016 3,268.0 1,546.1 299.6 1,115.1
2017 3,316.2 1,587.1 297.0 1,161.9
2018 (1) 3,328.7 1,683.5 204.7 1,170.7
2019 (estimates) 3,424.4 1,705.2 225.5 1,243.1
Cumulative total,
first 4 months: (2)
Fiscal year 2018 1,130.6 602.7 75.5 371.7
Fiscal year 2019 1,111.2 569.9 59.9 389.2
Fiscal year or period On-budget and off-budget outlays
Other Total National defense International
affairs
Total Department
of
Defense,
military
2000 160.6 1,789.0 294.4 281.0 17.2
2001 151.7 1,862.8 304.7 290.2 16.5
2002 146.0 2,010.9 348.5 331.8 22.3
2003 143.9 2,159.9 404.7 387.1 21.2
2004 148.4 2,292.8 455.8 436.4 26.9
2005 154.0 2,472.0 495.3 474.1 34.6
2006 171.2 2,655.1 521.8 499.3 29.5
2007 164.7 2,728.7 551.3 528.5 28.5
2008 173.7 2,982.5 616.1 594.6 28.9
2009 160.5 3,517.7 661.0 636.7 37.5
2010 207.9 3,457.1 693.5 666.7 45.2
2011 212.1 3,603.1 705.6 678.1 45.7
2012 230.2 3,536.9 677.9 650.9 47.2
2013 237.4 3,454.6 633.4 607.8 46.2
2014 282.7 3,506.1 603.5 577.9 46.7
2015 300.0 3,688.4 589.7 562.5 48.6
2016 307.3 3,852.6 593.4 565.4 45.3
2017 270.1 3,981.6 598.7 568.9 46.3
2018 (1) 269.8 4,107.7 664.7 600.7 49.0
2019 (estimates) 250.6 4,509.6 689.7 657.6 54.5
Cumulative total,
first 4 months: (2)
Fiscal year 2018 80.6 1,306.3 216.8 195.8 15.6
Fiscal year 2019 92.2 1,421.5 240.6 218.8 14.6
Fiscal year or period
Health Medicare Income Social Net
security security interest
2000 154.5 197.1 253.7 409.4 222.9
2001 172.2 217.4 269.8 433.0 206.2
2002 196.5 230.9 312.7 456.0 170.9
2003 219.5 249.4 334.6 474.7 153.1
2004 240.1 269.4 333.1 495.5 160.2
2005 250.5 298.6 345.8 523.3 184.0
2006 252.7 329.9 352.5 548.5 226.6
2007 266.4 375.4 366.0 586.2 237.1
2008 280.6 390.8 431.3 617.0 252.8
2009 334.3 430.1 533.2 683.0 186.9
2010 369.1 451.6 622.2 706.7 196.2
2011 372.5 485.7 597.3 730.8 230.0
2012 346.7 471.8 541.3 773.3 220.4
2013 358.3 497.8 536.5 813.6 220.9
2014 409.4 511.7 513.6 850.5 229.0
2015 482.2 546.2 508.8 887.8 223.2
2016 511.3 594.5 514.1 916.1 240.0
2017 533.1 597.3 503.5 944.9 262.6
2018 (1) 518.5 588.7 495.8 987.8 324.7
2019 (estimates) 615.2 636.0 503.7 1,047.3 392.5
Cumulative total,
first 4 months: (2)
Fiscal year 2018 165.0 176.0 136.2 321.1 109.3
Fiscal year 2019 177.9 204.8 146.2 337.8 128.8
Fiscal year or period
Other
2000 239.7
2001 243.1
2002 273.1
2003 302.6
2004 311.8
2005 339.8
2006 393.5
2007 317.9
2008 365.2
2009 651.6
2010 372.6
2011 435.5
2012 458.3
2013 347.9
2014 341.7
2015 401.9
2016 437.9
2017 495.2
2018 (1) 478.6
2019 (estimates) 570.7
Cumulative total,
first 4 months: (2)
Fiscal year 2018 166.3
Fiscal year 2019 170.6
(1) Data for fiscal year 2018 are from Final Monthly Treasury
Statement issued October 15, 2018.
(2) 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 2019 are from Mid-Session Review, Budget
of the U.S. Government, Fiscal Year 2019, issued July 13, 2018. Other
data (except as noted) are from Budget of the United States
Government, Fiscal Year 2019, issued February 12, 2018.
Sources: Department of the Treasury and Office of Management and
Budget.
Federal Sector, National Income Accounts Basis
In the fourth quarter of 2018, according to initial estimates, Federal current expenditures data rose $65.0 billion (annual rate); Federal current receipts are incomplete.
[Billions of dollars; quarterly data at seasonally adjusted annual
rates]
Period Federal Government current receipts
Total Current tax receipts
Total (1) Personal Taxes Taxes
current on on
taxes production corporate
and income
imports
Calendar year:
2009 2,239.5 1,123.7 866.2 91.4 153.0
2010 2,444.0 1,273.6 943.2 96.8 219.4
2011 2,572.8 1,478.4 1,130.3 108.6 224.0
2012 2,700.3 1,573.0 1,165.8 115.2 274.7
2013 3,139.0 1,744.9 1,302.3 125.5 298.4
2014 3,292.2 1,900.1 1,403.1 136.3 339.6
2015 3,446.3 2,021.2 1,528.3 140.4 329.6
2016 3,475.5 2,034.5 1,545.7 137.7 327.1
2017 3,558.8 2,054.9 1,613.4 131.5 284.6
2018 (p) 1,614.3 160.3
2016: I 3,447.2 2,002.8 1,522.0 138.5 317.7
II 3,448.4 2,011.1 1,532.4 135.7 319.5
III 3,491.8 2,058.5 1,551.6 137.8 345.5
IV 3,514.4 2,065.5 1,576.7 138.6 325.7
2017: I 3,572.4 2,031.1 1,588.1 128.8 289.7
II 3,538.8 2,050.9 1,606.3 131.0 288.5
III 3,590.3 2,079.7 1,625.9 132.2 296.0
IV 3,533.6 2,058.0 1,633.3 133.9 264.4
2018: I 3,428.3 1,908.8 1,583.9 149.5 149.0
II 3,456.2 1,936.6 1,599.2 152.0 158.1
III (r) 3,547.5 1,973.9 1,625.3 158.9 162.7
IV (p) 1,648.7 180.6
Period
Contributions Income Current Current
for receipts transfer surplus of
government on receipts government
social assets enterprises
insurance
Calendar year:
2009 950.7 97.0 67.2 0.9
2010 970.9 133.8 68.1 -2.4
2011 903.2 130.4 67.1 -6.3
2012 938.0 141.1 56.1 -7.8
2013 1,091.8 243.1 69.3 -10.1
2014 1,140.3 171.7 87.3 -7.2
2015 1,191.4 159.6 77.7 -3.6
2016 1,225.0 138.0 79.8 -1.7
2017 1,283.2 135.4 87.3 -2.0
2018 (p) 1,344.8 121.7 84.2 -8.2
2016: I 1,211.4 151.2 83.3 -1.5
II 1,217.5 136.4 85.8 -2.4
III 1,228.5 137.4 69.1 -1.7
IV 1,242.5 126.9 80.7 -1.2
2017: I 1,265.4 161.7 114.9 -.7
II 1,275.4 141.7 71.6 -.8
III 1,290.5 129.1 93.2 -2.1
IV 1,301.5 109.1 69.6 -4.5
2018: I 1,327.5 122.4 77.1 -7.5
II 1,336.2 112.8 80.0 -9.3
III (r) 1,350.9 126.6 105.2 -9.1
IV (p) 1,364.5 124.9 74.4 -7.0
Period Federal Government current expenditures
Total Consumption Current Interest
expenditures transfer payments
payments (2)
Calendar year:
2009 3,488.4 935.6 2,141.3 354.5
2010 3,769.1 1,000.7 2,332.7 381.5
2011 3,814.7 1,003.3 2,326.6 425.4
2012 3,779.0 999.3 2,299.5 422.6
2013 3,776.9 956.9 2,344.4 416.3
2014 3,894.0 950.3 2,446.9 439.1
2015 4,015.2 955.8 2,573.3 429.3
2016 4,140.6 967.6 2,656.7 455.0
2017 4,254.2 986.8 2,725.2 481.4
2018 (p) 4,482.3 1,032.4 2,839.2 545.0
2016: I 4,085.2 958.8 2,628.3 437.8
II 4,117.3 961.8 2,644.2 449.4
III 4,166.7 972.0 2,671.1 461.1
IV 4,192.9 977.7 2,683.3 471.7
2017: I 4,228.3 980.5 2,707.3 481.5
II 4,200.3 984.1 2,702.4 456.0
III 4,250.9 984.7 2,736.7 467.0
IV 4,337.2 997.9 2,754.6 521.1
2018: I 4,398.2 1,012.7 2,800.1 525.5
II 4,449.9 1,027.9 2,828.8 534.5
III (r) 4,508.1 1,041.3 2,853.1 554.4
IV (p) 4,573.1 1,047.8 2,874.8 565.8
Period Net
Federal
Subsidies Government
saving
Calendar year:
2009 56.9 -1,248.9
2010 54.2 -1,325.1
2011 59.5 -1,242.0
2012 57.6 -1,078.6
2013 59.2 -637.9
2014 57.6 -601.8
2015 56.7 -568.9
2016 61.3 -665.1
2017 60.7 -695.4
2018 (p) 65.7
2016: I 60.3 -638.0
II 61.9 -668.8
III 62.6 -674.9
IV 60.3 -678.6
2017: I 59.0 -655.9
II 57.8 -661.5
III 62.5 -660.5
IV 63.6 -803.6
2018: I 60.0 -969.9
II 58.7 -993.7
III (r) 59.4 -960.6
IV (p) 84.7
(1) Includes taxes from the rest of the world, not shown separately.
(2) 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 |
|---|---|
| Date: | Jan 1, 2019 |
| Words: | 1765 |
| Previous Article: | MONEY, CREDIT, AND SECURITY MARKETS. |
| Next Article: | INTERNATIONAL STATISTICS. |