[Economic Report of the President (2004)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-81.--Federal receipts, outlays, surplus or deficit, and debt, fiscal years 2000-2005 [Millions of dollars; fiscal years] ---------------------------------------------------------------------------------------------------------------- Actual Estimates Description ----------------------------------------------------------------------- 2000 2001 2002 2003 2004 2005 ---------------------------------------------------------------------------------------------------------------- RECEIPTS AND OUTLAYS: Total receipts.......................... 2,025,218 1,991,194 1,853,173 1,782,342 1,798,093 2,036,273 Total outlays........................... 1,788,773 1,863,770 2,010,970 2,157,637 2,318,834 2,399,843 Total surplus or deficit (-).......... 236,445 127,424 -157,797 -375,295 -520,741 -363,570 On-budget receipts...................... 1,544,634 1,483,675 1,337,852 1,258,500 1,264,089 1,461,172 On-budget outlays....................... 1,458,008 1,516,932 1,655,308 1,794,628 1,938,855 2,004,104 On-budget surplus or deficit (-).... 86,626 -33,257 -317,456 -536,128 -674,766 -542,932 Off-budget receipts..................... 480,584 507,519 515,321 523,842 534,004 575,101 Off-budget outlays...................... 330,765 346,838 355,662 363,009 379,979 395,739 Off-budget surplus or deficit (-)..... 149,819 160,681 159,659 160,833 154,025 179,362 OUTSTANDING DEBT, END OF PERIOD: Gross Federal debt...................... 5,628,700 5,769,881 6,198,401 6,760,014 7,486,447 8,132,945 Held by Federal Government accounts... 2,218,896 2,450,266 2,658,006 2,846,407 3,065,659 3,341,083 Held by the public.................... 3,409,804 3,319,615 3,540,395 3,913,607 4,420,788 4,791,862 Federal Reserve System.............. 511,413 534,135 604,191 656,116 .......... .......... Other............................... 2,898,391 2,785,480 2,936,203 3,257,491 .......... .......... ---------------------------------------------------------------------------------------------------------------- RECEIPTS: ON-BUDGET AND OFF-BUDGET...... 2,025,218 1,991,194 1,853,173 1,782,342 1,798,093 2,036,273 Individual income taxes................. 1,004,462 994,339 858,345 793,699 765,399 873,837 Corporation income taxes................ 207,289 151,075 148,044 131,778 168,741 230,196 Social insurance and retirement receipts 652,852 693,967 700,760 712,978 732,392 793,948 On-budget............................. 172,268 186,448 185,439 189,136 198,388 218,847 Off-budget............................ 480,584 507,519 515,321 523,842 534,004 575,101 Excise taxes............................ 68,865 66,232 66,989 67,524 70,776 73,210 Estate and gift taxes................... 29,010 28,400 26,507 21,959 23,909 21,442 Customs duties and fees................. 19,914 19,369 18,602 19,862 22,595 22,095 Miscellaneous receipts.................. 42,826 37,812 33,926 34,542 34,281 36,545 Deposits of earnings by Federal Reserve System...................... 32,293 26,124 23,683 21,878 22,880 25,262 All other \1\......................... 10,533 11,688 10,243 12,664 11,401 11,283 Adjustment for revenue uncertainty...... .......... .......... .......... .......... -20,000 -15,000 OUTLAYS: ON-BUDGET AND OFF-BUDGET....... 1,788,773 1,863,770 2,010,970 2,157,637 2,318,834 2,399,843 National defense........................ 294,495 305,500 348,555 404,920 453,684 450,586 International affairs................... 17,216 16,493 22,351 21,208 34,236 37,838 General science, space and technology... 18,633 19,784 20,767 20,873 22,291 24,353 Energy.................................. -1,061 38 482 -775 957 1,774 Natural resources and environment....... 25,031 25,623 29,454 29,703 31,665 30,899 Agriculture............................. 36,465 26,204 21,957 22,600 20,121 22,322 Commerce and housing credit............. 3,207 5,878 -391 -1,607 7,723 2,714 On-budget............................. 1,178 3,576 260 3,638 12,679 2,964 Off-budget............................ 2,029 2,302 -651 -5,245 -4,956 -250 Transportation.......................... 46,853 54,447 61,833 67,069 68,144 69,899 Community and regional development...... 10,623 11,773 12,981 18,850 18,757 17,017 Education, training, employment, and 53,754 57,143 70,544 82,568 87,211 89,020 social services........................ Health.................................. 154,533 172,270 196,544 219,576 243,501 252,597 Medicare................................ 197,113 217,384 230,855 249,433 270,451 294,249 Income security......................... 253,575 269,615 312,530 334,432 339,495 348,149 Social security......................... 409,423 432,958 455,980 474,680 496,174 514,989 On-budget............................. 13,254 11,701 13,969 13,279 14,299 15,124 Off-budget............................ 396,169 421,257 442,011 461,401 481,875 499,865 Veterans benefits and services.......... 47,083 45,039 50,984 57,018 60,454 67,473 Administration of justice............... 28,501 30,205 35,171 35,408 41,603 42,782 General government...................... 12,959 14,259 16,814 22,987 25,424 19,148 Net interest............................ 222,951 206,168 170,951 153,076 156,264 177,909 On-budget............................. 282,747 274,979 247,771 236,621 242,550 269,827 Off-budget............................ -59,796 -68,811 -76,820 -83,545 -86,286 -91,918 Allowances.............................. .......... .......... .......... .......... .......... -767 Undistributed offsetting receipts....... -42,581 -47,011 -47,392 -54,382 -59,321 -63,108 On-budget............................. -34,944 -39,101 -38,514 -44,780 -48,667 -51,150 Off-budget............................ -7,637 -7,910 -8,878 -9,602 -10,654 -11,958 ---------------------------------------------------------------------------------------------------------------- \1\ Beginning 1984, includes universal service fund receipts. Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.