(1329)

APPENDIX I. BUDGET TABLES

TABLE I–1.—THE TEN-YEAR BUDGET OUTLOOK, BY FISCAL YEAR, 1999–2010

Budget category 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

In billions of dollars

Revenues ......................... $1,827 $1,945 $2,016 $2,096 $2,177 $2,263 $2,361 $2,465 $2,572 $2,686 $2,813 Outlays:

Discretionary spending 575 603 635 650 667 682 700 714 727 747 764 Mandatory spending:

Social Security ........ 387 402 419 440 460 482 507 532 559 588 621 Medicare ............... 209 218 236 244 264 284 310 320 349 375 403 Medicaid ............... 108 115 124 134 145 158 172 188 204 223 243 Federal civilian

and military retirement ............. 85 88 91 95 98 102 106 110 114 118 123 

Other ..................... 189 194 195 206 212 222 234 235 235 249 257 

Subtotal ............ 978 1017 1067 1,118 1,180 1,248 1,329 1,385 1,461 1,552 1,646 

Offsetting receipts .... ¥80 ¥79 ¥85 ¥92 ¥94 ¥94 ¥99 ¥104 ¥109 ¥114 ¥120 

Net interest ............... 230 224 218 209 193 176 159 140 120 98 78 Proceeds from investing excess cash ..... NA NA NA NA NA NA NA NA NA NA ¥5 

Total ................... 1,703 1,766 1,835 1,885 1,945 2,012 2,089 2,135 2,198 2,282 2,364 

Surplus ........................... 124 179 181 212 231 250 273 330 374 404 449 Debt held by public ....... 3,633 3,452 3,284 3,078 2,858 2,618 2,355 2,034 1,667 1,270 1,016 

As a percentage of gross domestic product (GDP)

Revenues ......................... 20.0 20.3 20.1 20.0 19.9 19.8 19.8 19.8 19.8 19.8 19.8 Outlays:

Discretionary spending 6.3 6.3 6.3 6.2 6.1 6.0 5.9 5.7 5.6 5.5 5.4 Mandatory spending:

Social Security ...... 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.3 4.3 4.3 4.4 Medicare ............... 2.3 2.3 2.3 2.3 2.4 2.5 2.6 2.6 2.7 2.8 2.8 Medicaid ............... 1.2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.6 1.6 1.7 Federal civilian

and military retirement ............. 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 

Other ..................... 2.1 2.0 2.0 2.0 2.0 1.9 2.0 1.8 1.7 1.8 1.8 

Subtotal ............. 10.7 10.6 10.6 10.7 10.8 10.9 11.1 11.1 11.2 11.4 11.6 

Offsetting receipts ....

¥0.9

¥0.8

¥0.8

¥0.9

¥0.9

¥0.8

¥0.8

¥0.8

¥0.8

¥0.8

¥0.8

Net interest ............... 2.5 2.3 2.2 2.0 1.8 1.5 1.3 1.1 0.9 0.7 0.5 Proceeds from investing excess cash ..... (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) 

Total ................... 18.7 18.4 18.3 18.0 17.8 17.6 17.5 17.1 16.9 16.8 16.6 

Surplus ........................... 1.4 1.9 1.8 2.0 2.1 2.2 2.3 2.7 2.9 3.0 3.2 Debt held by public ....... 39.9 36.0 32.7 29.3 26.1 22.9 19.8 16.3 12.8 9.3 7.2 

1 Less than 0.05 percent of GDP.

NA—Not applicable.Source: Congressional Budget Office, March 2000 baseline projections assuming that discretionary spending grows with inflation after 2000.

TABLE I–2.—CONGRESSIONAL BUDGET OFFICE PROJECTIONS OF OUTLAYS, FISCAL YEARS 1999–2010

Outlay category 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

In billions of dollars

Discretionary spending:

Defense ................................. $275 $284 $296 $301 $308 $316 $326 $331 $336 $347 $356 Domestic and international 270 284 302 311 319 325 332 340 348 356 365 Violent Crime Reduction

Trust Fund ....................... 476555 55556

Highways ............................. 22 24 27 28 29 30 30 31 31 31 32 Mass transit ....................... 455566 66666

Subtotal ........................... 575 603 635 650 667 682 700 714 727 747 764 

Mandatory spending .................... 978 1,017 1,067 1,118 1,180 1,248 1,329 1,385 1,461 1,552 1,646 Offsetting receipts .......................

¥79

¥79

¥85

¥92

¥94

¥94

¥99

¥104

¥109

¥114

¥120

Net interest 1 ................................ 230 224 218 209 193 176 159 140 120 98 74 

Total ................................. 1,703 1,766 1,835 1,885 1,945 2,012 2,089 2,135 2,199 2,282 2,364 Onbudget ........................ 1,382 1,439 1,499 1,542 1,593 1,651 1,716 1,751 1,802 1,872 1,937 Offbudget 2 ..................... 321 327 336 343 352 361 373 384 397 410 427 

As a percentage of GDP

Discretionary spending:

Defense ............................... 3.0 3.0 2.9 2.9 2.8 2.8 2.7 2.7 2.6 2.6 2.5 Domestic and international 3.0 3.0 3.0 3.0 2.9 2.8 2.8 2.7 2.7 2.6 2.6 Violent Crime Reduction

Trust Fund ....................... 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Highways ............................. 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 Mass transit ....................... 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 

Subtotal ........................... 6.3 6.3 6.3 6.2 6.1 6.0 5.9 5.7 5.6 5.5 5.4 

Mandatory spending .................... 10.7 10.6 10.6 10.7 10.8 10.9 11.1 11.1 11.2 11.4 11.6 Offsetting receipts .......................

¥0.9

¥0.8

¥0.8

¥0.9

¥0.9

¥0.8

¥0.8

¥0.8

¥0.8

¥0.8

¥0.8

Net interest 1 ................................ 2.5 2.3 2.2 2.0 1.8 1.5 1.3 1.1 0.9 0.7 0.5 

Total ................................. 18.7 18.4 18.3 18.0 17.8 17.6 17.5 17.1 16.9 16.8 16.6 Onbudget ........................ 15.2 15.0 14.9 14.7 14.5 14.5 14.4 14.1 13.9 13.8 13.6 Offbudget 2 ..................... 3.5 3.4 3.3 3.3 3.2 3.2 3.1 3.1 3.0 3.0 3.0 

1 Includes proceeds from investing excess cash.2 Social Security and the Postal Service.

Source: Congressional Budget Office, March 2000 baseline projections assuming that discretionary spending grows with inflation after 2000.

TABLE I–3.—OUTLAYS FOR MAJOR SPENDING CATEGORIES IN NOMINAL DOLLARS AND AS A PERCENTAGE OF GDP, SELECTED FISCAL YEARS 1

Spending category 1965 1970 1975 1980 1985 1990 1995 

In nominal dollars (billions)

Discretionary:

Defense ...................................................... $51.0 $81.9 $87.6 $134.6 $253.1 $300.1 $273.6 International .............................................. 4.7 4.0 8.2 12.8 17.4 19.1 20.1 Domestic .................................................... 22.1 34.3 62.0 128.7 145.2 181.2 252.0 

Subtotal, discretionary .......................... 77.8 120.2 157.8 276.1 415.7 500.4 545.7 

Social Security .................................................... 17.1 29.6 63.6 117.1 186.4 246.5 333.3 Medicare ............................................................. 0 6.8 14.1 34.0 69.7 107.4 177.1 Medicaid ............................................................. 0.3 2.7 6.8 14.0 22.7 41.1 89.1 Means-tested entitlements other than Medicaid 4.9 7.4 18.6 31.9 43.3 58.8 101.5 Deposit insurance ..............................................

¥0.4

¥0.5 0.5

¥0.4

¥2.2 57.9

¥17.9

Other entitlements and mandatories ................. 17.8 26.4 65.9 94.9 128.4 115.2 134.6 Net interest ........................................................ 8.6 14.4 23.2 52.5 129.5 184.2 232.2 

Total outlays ......................................... 118.2 195.6 332.3 590.9 946.4 1,253.2 1,515.8 

As a percentage of GDP

Discretionary:

Defense ...................................................... 7.4 8.1 5.6 5.0 6.2 5.3 3.7 International .............................................. 0.7 0.4 0.5 0.5 0.4 0.3 0.3 Domestic .................................................... 3.2 3.4 4.0 4.7 3.5 3.2 3.4 

Subtotal, discretionary .......................... 11.3 11.9 10.2 10.2 10.1 8.8 7.5 

Social Security .................................................... 2.5 2.9 4.1 4.3 4.5 4.3 4.6 Medicare ............................................................. 0.0 0.7 0.9 1.2 1.7 1.9 2.5 

Medicaid ............................................................. 0.0 0.3 0.4 0.5 0.6 0.7 1.2 Aid to Families with Dependent Children

(AFDC), Supplemental Security Income (SSI),food stamps ................................................... 0.4 0.5 0.9 0.8 0.7 0.7 0.9 

Deposit insurance ..............................................

¥0.1

¥0.0 0 0

¥0.1 1.0

¥0.2

Other entitlements and mandatories ................. 1.7 1.8 3.4 2.8 2.3 1.3 1.3 Net interest ........................................................ 1.3 1.4 1.5 1.9 3.2 3.2 3.2 

Total ...................................................... 17.2 19.4 21.4 21.7 23.0 22.0 21.2 

Memo: Social Security, Medicare and Medicaid 2.5 3.9 5.4 6.0 6.8 6.9 8.3 

As a percentage of budget

Discretionary:

Defense ...................................................... 43.2 41.9 26.4 22.8 26.7 24.0 18.0 International .............................................. 4.0 2.0 2.5 2.2 1.8 1.5 1.3 Domestic .................................................... 18.7 17.5 18.7 21.8 15.3 14.5 16.6 

Subtotal, discretionary .......................... 65.8 61.4 47.5 46.7 43.9 40.0 35.9 

Social Security .................................................... 14.4 15.2 19.1 19.8 19.7 19.7 21.9 Medicare ............................................................. 0 3.5 4.2 5.8 7.4 8.6 11.7 Medicaid ............................................................. 0.3 1.4 2.0 2.4 2.4 3.3 5.9 AFDC, SSI, food stamps ..................................... 2.4 2.4 4.2 3.8 3.2 3.2 4.4 Deposit insurance ..............................................

¥0.3

¥0.3 0.2

¥0.1

¥0.2 4.6

¥1.2

Other entitlements and mandatories ................. 10.2 9.0 15.8 12.8 10.0 6.0 6.1 Net interest ........................................................ 7.3 7.4 7.0 8.9 13.7 14.7 15.3 

Total ...................................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

Note.—Totals may not be exact due to rounding.Source: Congressional Budget Office.

TABLE I–4.—CONGRESSIONAL BUDGET OFFICE MANDATORY OUTLAY PROJECTIONS FOR SELECTED PROGRAMS WITHIN THE JURISDICTION OF 

COMMITTEE ON WAYS AND MEANS, FISCAL YEARS 1999–2005

[In billions of dollars]

Program 1999 actual 2000 2001 2002 2003 2004 

Social Security ........................................................................ $387.0 $401.8 $419.4 $439.6 $460.3 $482.4 

Old-Age and Survivors Insurance .................................. 336.3 347.9 362.9 377.8 393.7 410.6 Disability Insurance ....................................................... 50.7 54.0 57.6 61.8 66.7 71.9 

Medicare .................................................................................. 209.3 218.3 236.2 243.9 264.5 283.6 

Hospital Insurance (HI) .................................................. 129.6 130.9 138.3 141.2 151.0 160.6 Supplementary Medical Insurance (SMI) ....................... 79.0 86.6 97.0 101.7 112.4 122.0 

Trade adjustment .................................................................... 0.3 0.4 0.4 0.4 0.3 0.3 Unemployment compensation ................................................. 21.3 21.6 22.7 24.3 26.9 29.2 Family support ........................................................................ 19.5 21.6 21.9 23.6 23.7 24.4 Earned income credit outlays ................................................. 26.0 26.4 26.4 27.0 27.2 27.7 Supplemental Security Income ............................................... 28.2 28.8 30.3 32.0 33.8 35.7 Social Services Block Grant .................................................... 2.0 1.6 2.3 1.8 1.8 1.7 Children and family services programs ................................. 5.7 6.0 6.8 6.8 6.9 7.1 Foster Care and Adoption Assistance .................................... 4.7 5.2 6.6 6.1 6.5 7.0 SMI and HI premiums .............................................................

¥21.6

¥21.8

¥23.3

¥25.4

¥28.1

¥31.1

Total ........................................................................... 682.4 709.9 749.7 780.1 823.8 868.0 

Source: Congressional Budget Office.

TABLE I–5.—HISTORICAL OUTLAYS FOR ENTITLEMENTS AND OTHER MANDATORY SPENDING, SELECTED FISCAL YEARS 1975–99

[In billions of dollars]

Category 1975 1980 1985 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 

Means-tested programs:

Student loans 1 ........................................... $0.1 $1.4 $3.5 $2.8 $3.9 $4.4 $4.8 $1.7 $2.2 $2.8 $4.4 $3.6 $3.6 $3.

Medicaid ...................................................... 6.8 14.0 22.7 30.5 34.6 41.1 52.5 67.8 75.8 82.0 89.1 92.0 95.6 101.Food stamps ............................................... 4.6 9.1 12.5 13.1 13.7 15.9 19.6 22.8 24.6 25.4 25.6 25.4 22.9 20.Child nutrition ............................................. 1.5 3.4 3.7 4.3 4.6 5.0 5.5 6.1 6.6 7.0 7.5 7.9 8.3 8.Earned income and child tax credits ......... 1.4 1.3 1.1 2.7 4.0 4.4 4.9 8.2 9.4 11.7 15.2 19.2 21.9 23.Supplemental Security Income ................... 4.3 5.7 8.7 11.4 11.5 11.5 14.8 17.9 21.2 24.5 24.5 24.1 26.7 27.Family support 2 .......................................... 5.1 7.3 9.2 10.8 11.2 12.2 14.1 15.7 16.4 17.3 18.1 17.6 16.9 17.

State Children’s Health Insurance 3 ........... (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (4

Veterans pensions ....................................... 2.7 3.6 3.8 3.9 4.0 3.6 4.0 3.7 3.5 3.4 3.0 2.8 3.1 3.Other 5 ......................................................... 0.3 0.1 0.8 1.0 1.3 1.8 2.1 2.5 2.7 3.0 3.2 3.7 4.0 4.

Total, means-tested programs ............... 25.4 45.9 66.0 80.5 88.8 99.9 122.2 146.5 162.3 177.0 190.6 196.2 202.8 209.

Nonmeans-tested programs:

Medicare ...................................................... 14.1 34.0 69.6 85.7 94.3 107.4 114.2 129.4 143.1 159.6 177.1 191.3 207.9 211.Social Security ............................................ 63.6 117.1 186.4 216.8 230.4 246.5 266.8 285.2 302.0 316.9 333.3 347.1 362.3 376.

Subtotal .................................................. 77.7 151.1 256.1 302.5 324.7 353.9 380.9 414.5 445.1 476.5 510.4 538.4 570.1 587.

Other retirement and disability:

Federal civilian 6 ......................................... 7.4 15.5 24.6 30.3 31.8 33.7 36.9 37.0 38.8 40.3 42.7 43.6 46.0 47.

Military ........................................................ 6.2 11.9 15.8 19.0 20.2 21.5 23.1 24.5 25.7 26.7 27.8 28.8 30.2 31.Other ........................................................... 4.7 4.7 5.1 4.9 5.2 4.7 4.4 5.1 4.2 5.3 4.7 4.8 4.3 4.

Subtotal .................................................. 18.3 32.1 45.5 54.2 57.2 59.9 64.4 66.6 68.7 72.1 75.2 77.3 80.6 82.

Unemployment compensation .............................. 12.8 16.9 15.8 13.6 13.9 17.5 25.1 36.9 35.4 26.4 21.3 22.4 20.6 19.Deposit insurance ................................................ 0.5

¥0.4

¥2.2 10.0 22.0 57.9 66.2 2.6

¥28.0

¥7.6

¥17.9

¥8.4

¥14.4

¥4.

TABLE I–5.—HISTORICAL OUTLAYS FOR ENTITLEMENTS AND OTHER MANDATORY SPENDING, SELECTED FISCAL YEARS 1975–99—Continu

[In billions of dollars]

Category 1975 1980 1985 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 

Other programs:

Farm price and income supports ............... 0.6 2.8 17.7 12.2 10.6 6.5 10.1 9.3 15.6 9.9 5.8 5.0 5.8 8.Social services ............................................ 2.9 3.7 3.5 4.2 4.6 5.1 5.6 5.2 5.1 5.6 5.5 5.0 5.2 5.Veterans benefits 7 ...................................... 10.2 11.0 12.9 14.8 14.9 13.4 14.4 15.7 17.0 18.0 18.3 17.2 18.7 20.

General revenue sharing ............................. 6.1 6.8 4.6 0 0000 00 00 0

Other ........................................................... 15.0 21.5 28.4 13.1 12.9 12.9 13.4 18.7 15.3 5.7 8.5 3.8 6.9 10.

Subtotal .................................................. 34.8 45.8 67.1 44.3 43.0 37.9 43.5 48.9 53.0 39.2 38.1 31.0 36.6 44.Total, nonmeans-tested programs ......... 144.1 245.5 382.3 424.6 460.8 527.1 580.1 569.5 574.2 606.6 627.1 660.7 693.5 729.Total outlays ........................................... 169.5 291.4 448.3 505.1 549.6 627.0 702.3 716.1 736.5 783.6 817.7 856.9 896.3 938.

1 Formerly known as guaranteed student loans.2 Includes Temporary Assistance for Needy Families, family support, Aid to Families with Dependent Children, Job Opportunities and Basic Skills, Contingency Fund, child 

tlements to States, and children’s research and technical assistance. 3 State Children’s Health Insurance is a new program that was created as part of the Balanced Budget Act of 1997.

4 Less than 0.1.5 Predominantly foster care.6 Includes Civil Service, Foreign Service, Coast Guard, other retirement programs, and annuitants’ health benefits.7 Includes veterans compensation, readjustment benefits, life insurance, and housing programs.

Source: Congressional Budget Office.

TABLE I–6.—CONGRESSIONAL BUDGET OFFICE OUTLAY PROJECTIONS FOR MANDATORY SPENDING, FISCAL YEARS 1999–2010

[In billions of dollars]

Program Actual 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Means-tested programs

Medicaid ............................................. $108 $115 $124 $134 $145 $158 $172 $188 $204 $223 $243 State Children’s Health Insurance ..... 12333444444Food stamps ....................................... 19 19 19 20 21 22 22 23 24 25 25 Supplemental Security Income ........... 28 29 30 32 34 36 41 40 38 44 46 Family support 1 ................................. 20 21 22 23 23 24 25 25 26 26 27 

Veterans pensions .............................. 3 3334444344Child nutrition .................................... 9 9 9 10 10 11 11 12 12 13 13 Earned income and child tax credits 2 ................................................ 26 26 26 27 27 28 28 29 29 30 30 

Student loans ..................................... 35555555555Foster care .......................................... 5 5 7 6 7 7 7 8 8 9 10 

Total means-tested programs 221 235 249 264 280 297 320 337 355 382 407 

Nonmeans-tested programs

Social Security .................................... 387 402 419 440 460 482 507 532 559 588 621 Medicare ............................................. 209 218 236 244 264 284 310 320 349 375 403 

Subtotal ................................. 596 620 656 683 725 766 816 852 908 963 1,024 

Other retirement and disability:

Federal civilian 3 ...................... 49 51 53 55 58 61 63 66 69 72 76 

Military ..................................... 32 33 34 35 35 36 38 39 40 41 42 Other ........................................ 55555555555

TABLE I–6.—CONGRESSIONAL BUDGET OFFICE OUTLAY PROJECTIONS FOR MANDATORY SPENDING, FISCAL YEARS 1999–2010—Continue

[In billions of dollars]

Program Actual 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Subtotal ................................. 85 88 91 95 98 102 106 110 114 118 123 

Unemployment compensation ............ 21 22 23 24 27 29 31 33 35 37 38 Deposit insurance ...............................

¥5 ¥2 (4) (4) 1(4) (4) (4) ¥1 ¥1 ¥1 

Other programs:

Veterans benefits 5 .................. 22 22 23 24 25 26 29 27 26 29 29 

Farm price and income supports ...................................... 18 22 11 10 9 8 7 6 555Social services ......................... 5 4 5 5 5555555Credit liquidating accounts .....

¥12

¥12

¥10

¥9 ¥10

¥11

¥11

¥11

¥11

¥11

¥11

Universal Service Fund ............ 3 4 5 5 6 11 12 12 12 12 12 Other ........................................ 24 13 14 16 15 14 14 14 14 14 15 

Subtotal ................................. 60 54 48 51 50 54 55 53 51 54 55 Total nonmeans-tested ......... 758 782 818 853 900 951 1,009 1,048 1,107 1,171 1,239 Total all mandatory spending 978 1,017 1,067 1,118 1,180 1,248 1,329 1,385 1,461 1,552 1,646 

1 Includes Temporary Assistance for Needy Families, family support, Aid to Families with Dependent Children, Job Opportunities and Basic Skills, Contingency Fund for Stat

programs, child care entitlements to States, and children’s research and technical assistance. 2 Includes outlays from the child credit enacted in the Taxpayer Relief Act of 1997.

3 Includes Civil Service, Foreign Service, Coast Guard, other retirement programs, and annuitants’ health benefits.4 Less than $500 million.5 Includes veterans compensation, readjustment benefits, life insurance, and housing programs.

Note.—Spending for the benefit programs shown above generally excludes administrative costs, which are discretionary. Spending for Medicare also excludes premiums, 

considered offsetting receipts.

Source: Congressional Budget Office, March 2000 baseline projections.

1341

TABLE I–7.—OUTLAYS FOR MAJOR SPENDING CATEGORIES, FISCAL YEARS 1962–99

[In billions of dollars]

Fiscal year National

defense

Entitlements

and other

mandatory

spending

Nondefense

discretionary

spending

Net interest Offsetting

receipts

Total

outlays

1962 ......... $52.6 $34.7 $19.5 $6.9 ¥$6.8 $106.8

1963 ......... 53.7 36.2 21.5 7.7 ¥7.9 111.3

1964 ......... 55.0 38.9 24.1 8.2 ¥7.7 118.5

1965 ......... 51.0 39.7 26.8 8.6 ¥7.9 118.2

1966 ......... 59.0 43.4 31.2 9.4 ¥8.4 134.5

1967 ......... 72.0 50.9 34.4 10.3 ¥10.2 157.5

1968 ......... 82.2 59.7 35.9 11.1 ¥10.6 178.1

1969 ......... 82.7 64.7 34.6 12.7 ¥11.0 183.6

1970 ......... 81.9 72.5 38.4 14.4 ¥11.5 195.6

1971 ......... 79.0 86.9 43.5 14.8 ¥14.1 210.2

1972 ......... 79.3 100.8 49.2 15.5 ¥14.1 230.7

1973 ......... 77.1 116.0 53.3 17.3 ¥18.0 245.7

1974 ......... 80.7 130.9 57.5 21.4 ¥21.2 269.4

1975 ......... 87.6 169.5 70.3 23.2 ¥18.3 332.3

1976 ......... 89.9 189.2 85.7 26.7 ¥19.6 371.8

1977 ......... 97.5 203.8 99.5 29.9 ¥21.5 409.2

1978 ......... 104.6 227.5 113.9 35.5 ¥22.8 458.7

1979 ......... 116.8 247.1 123.1 42.6 ¥25.6 504.0

1980 ......... 134.6 291.4 141.6 52.5 ¥29.2 590.9

1981 ......... 158.0 339.4 149.9 68.8 ¥37.9 678.2

1982 ......... 185.9 370.8 140.0 85.0 ¥36.0 745.8

1983 ......... 209.9 410.6 143.4 89.8 ¥45.3 808.4

1984 ......... 228.0 405.6 151.4 111.1 ¥44.2 851.9

1985 ......... 253.1 448.3 162.6 129.5 ¥47.1 946.4

1986 ......... 273.8 461.8 164.6 136.0 ¥45.9 990.5

1987 ......... 282.5 474.2 161.6 138.7 ¥52.9 1,004.1

1988 ......... 290.9 505.1 173.4 151.8 ¥56.8 1,064.5

1989 ......... 304.0 549.6 184.8 169.0 ¥63.8 1,143.7

1990 ......... 300.1 627.0 200.4 184.4 ¥58.7 1,253.2

1991 ......... 319.7 702.3 213.6 194.5 ¥105.7 1,324.4

1992 ......... 302.6 716.1 232.0 199.4 ¥68.4 1,381.7

1993 ......... 292.4 736.5 248.6 198.7 ¥66.6 1,409.5

1994 ......... 282.3 783.6 261.6 203.0 ¥68.5 1,461.9

1995 ......... 273.6 817.7 272.1 232.2 ¥79.7 1,515.8

1996 ......... 266.0 856.9 268.5 241.1 ¥71.9 1,560.6

1997 ......... 271.7 896.3 277.3 244.0 ¥88.0 1,601.3

1998 ......... 270.2 938.6 284.5 241.2 ¥81.9 1,652.6

1999 ......... 275.5 976.8 299.5 229.7 ¥78.4 1,703.0

Source: Congressional Budget Office.

1342

TABLE I–8.—OUTLAYS FOR MAJOR SPENDING CATEGORIES, AS A PERCENTAGE OF

GROSS DOMESTIC PRODUCT (GDP), FISCAL YEARS 1962–99

Fiscal year National

defense

Entitlements

and other

mandatory

spending

Nondefense

discretionary

spending

Net interest Offsetting

receipts

Total

outlays

1962 ......... 9.2 6.1 3.5 1.2 ¥1.2 18.8

1963 ......... 8.9 6.0 3.6 1.3 ¥1.3 18.5

1964 ......... 8.6 6.1 3.7 1.3 ¥1.2 18.5

1965 ......... 7.4 5.8 3.9 1.2 ¥1.1 17.2

1966 ......... 7.8 5.7 4.1 1.2 ¥1.1 17.8

1967 ......... 8.9 6.3 4.3 1.3 ¥1.3 19.4

1968 ......... 9.4 6.9 4.2 1.3 ¥1.2 20.5

1969 ......... 8.7 6.8 3.6 1.3 ¥1.2 19.3

1970 ......... 8.1 7.1 3.8 1.4 ¥1.1 19.3

1971 ......... 7.3 8.0 4.0 1.4 ¥1.3 19.4

1972 ......... 6.7 8.6 4.2 1.3 ¥1.2 19.6

1973 ......... 5.9 8.8 4.1 1.3 ¥1.4 18.7

1974 ......... 5.6 9.1 4.0 1.5 ¥1.5 18.7

1975 ......... 5.6 10.9 4.5 1.5 ¥1.2 21.3

1976 ......... 5.2 10.9 4.9 1.5 ¥1.1 21.4

1977 ......... 4.9 10.3 5.0 1.5 ¥1.1 20.7

1978 ......... 4.7 10.3 5.1 1.6 ¥1.0 20.7

1979 ......... 4.7 9.9 5.0 1.7 ¥1.0 20.1

1980 ......... 4.9 10.7 5.2 1.9 ¥1.1 21.6

1981 ......... 5.2 11.1 4.9 2.2 ¥1.2 22.2

1982 ......... 5.8 11.5 4.3 2.6 ¥1.1 23.1

1983 ......... 6.1 11.9 4.2 2.6 ¥1.3 23.5

1984 ......... 5.9 10.5 3.9 2.9 ¥1.2 22.1

1985 ......... 6.1 10.8 3.9 3.1 ¥1.1 22.9

1986 ......... 6.2 10.5 3.7 3.1 ¥1.0 22.5

1987 ......... 6.1 10.2 3.4 3.0 ¥1.1 21.6

1988 ......... 5.8 10.1 3.4 3.0 ¥1.1 21.2

1989 ......... 5.6 10.2 3.4 3.1 ¥1.2 21.2

1990 ......... 5.2 10.9 3.5 3.2 ¥1.0 21.8

1991 ......... 5.4 11.8 3.6 3.3 ¥1.8 22.3

1992 ......... 4.9 11.5 3.7 3.2 ¥1.1 22.2

1993 ......... 4.5 11.2 3.8 3.0 ¥1.0 21.5

1994 ......... 4.1 11.3 3.8 2.9 ¥1.0 21.0

1995 ......... 3.7 11.2 3.7 3.2 ¥1.1 20.7

1996 ......... 3.5 11.1 3.4 3.1 ¥0.9 20.3

1997 ......... 3.3 11.0 3.4 3.0 ¥1.1 19.6

1998 ......... 3.1 10.9 3.3 2.8 ¥0.9 19.1

1999 ......... 3.0 10.7 3.3 2.5 ¥0.9 18.7

Source: Congressional Budget Office.

1343

TABLE I–9.—REVENUES BY MAJOR SOURCE, FISCAL YEARS 1962–99

[In billions of dollars]

Fiscal year

Individual income

taxes

Corporate

income

taxes

Social

insurance

taxes

Excise

taxes

Estate

and

gift

taxes

Customs

duties

Miscellaneous receipts

Total

revenues

1962 ....... $45.6 $20.5 $17.0 $12.5 $2.0 $1.1 $0.8 $99.7

1963 ....... 47.6 21.6 19.8 13.2 2.2 1.2 1.0 106.6

1964 ....... 48.7 23.5 22.0 13.7 2.4 1.3 1.1 112.6

1965 ....... 48.8 25.5 22.2 14.6 2.7 1.4 1.6 116.8

1966 ....... 55.4 30.1 25.5 13.1 3.1 1.8 1.9 130.8

1967 ....... 61.5 34.0 32.6 13.7 3.0 1.9 2.1 148.8

1968 ....... 68.7 28.7 33.9 14.1 3.1 2.0 2.5 153.0

1969 ....... 87.2 36.7 39.0 15.2 3.5 2.3 2.9 186.9

1970 ....... 90.4 32.8 44.4 15.7 3.6 2.4 3.4 192.8

1971 ....... 86.2 26.8 47.3 16.6 3.7 2.6 3.9 187.1

1972 ....... 94.7 32.2 52.6 15.5 5.4 3.3 3.6 207.3

1973 ....... 103.2 36.2 63.1 16.3 4.9 3.2 3.9 230.8

1974 ....... 119.0 38.6 75.1 16.8 5.0 3.3 5.4 263.2

1975 ....... 122.4 40.6 84.5 16.6 4.6 3.7 6.7 279.1

1976 ....... 131.6 41.4 90.8 17.0 5.2 4.1 8.0 298.1

1977 ....... 157.6 54.9 106.5 17.5 7.3 5.2 6.5 355.6

1978 ....... 181.0 60.0 121.0 18.4 5.3 6.6 7.4 399.6

1979 ....... 217.8 65.7 138.9 18.7 5.4 7.4 9.3 463.3

1980 ....... 244.1 64.6 157.8 24.3 6.4 7.2 12.7 517.1

1981 ....... 285.9 61.1 182.7 40.8 6.8 8.1 13.8 599.3

1982 ....... 297.7 49.2 201.5 36.3 8.0 8.9 16.2 617.8

1983 ....... 288.9 37.0 209.0 35.3 6.1 8.7 15.6 600.6

1984 ....... 298.4 56.9 239.4 37.4 6.0 11.4 17.1 666.5

1985 ....... 334.5 61.3 265.2 36.0 6.4 12.1 18.6 734.2

1986 ....... 349.0 63.1 283.9 32.9 7.0 13.3 20.1 769.3

1987 ....... 392.6 83.9 303.3 32.5 7.5 15.1 19.6 854.4

1988 ....... 401.2 94.5 334.3 35.2 7.6 16.2 20.3 909.3

1989 ....... 445.7 103.3 359.4 34.4 8.7 16.3 23.3 991.2

1990 ....... 466.9 93.5 380.0 35.3 11.5 16.7 28.0 1,032.0

1991 ....... 467.8 98.1 396.0 42.4 11.1 15.9 23.6 1,055.0

1992 ....... 476.0 100.3 413.7 45.6 11.1 17.4 27.3 1,091.3

1993 ....... 509.7 117.5 428.3 48.1 12.6 18.8 19.5 1,154.4

1994 ....... 543.1 140.4 461.5 55.2 15.2 20.1 23.2 1,258.6

1995 ....... 590.2 157.0 484.5 57.5 14.8 19.3 28.6 1,351.8

1996 ....... 656.4 171.8 509.4 54.0 17.2 18.7 25.5 1,453.1

1997 ....... 737.5 182.3 539.4 56.9 19.8 17.9 25.5 1,579.30

1998 ....... 828.6 188.7 571.8 57.7 24.1 18.3 32.6 1,721.80

1999 ....... 879.5 184.7 611.8 70.4 27.8 18.3 34.9 1,827.50

Source: Congressional Budget Office.

1344

TABLE I–10.—REVENUES BY MAJOR SOURCE AS A PERCENTAGE OF GDP, FISCAL YEARS

1962–99

Fiscal year

Individual income

taxes

Corporate

income

taxes

Social

insurance

taxes

Excise

taxes

Estate

and

gift

taxes

Customs

duties

Miscellaneous receipts

Total

revenues

1962 ............. 8.0 3.6 3.0 2.2 0.4 0.2 0.1 17.5

1963 ............. 7.9 3.6 3.3 2.2 0.4 0.2 0.2 17.8

1964 ............. 7.6 3.7 3.4 2.1 0.4 0.2 0.2 17.5

1965 ............. 7.1 3.7 3.2 2.1 0.4 0.2 0.2 17.0

1966 ............. 7.3 4.0 3.4 1.7 0.4 0.2 0.2 17.3

1967 ............. 7.6 4.2 4.0 1.7 0.4 0.2 0.3 18.3

1968 ............. 7.9 3.3 3.9 1.6 0.4 0.2 0.3 17.6

1969 ............. 9.2 3.9 4.1 1.6 0.4 0.2 0.3 19.7

1970 ............. 8.9 3.2 4.4 1.5 0.4 0.2 0.3 19.0

1971 ............. 8.0 2.5 4.4 1.5 0.3 0.2 0.4 17.3

1972 ............. 8.0 2.7 4.5 1.3 0.5 0.3 0.3 17.6

1973 ............. 7.9 2.8 4.8 1.2 0.4 0.2 0.3 17.6

1974 ............. 8.3 2.7 5.2 1.2 0.3 0.2 0.4 18.3

1975 ............. 7.8 2.6 5.4 1.1 0.3 0.2 0.4 17.9

1976 ............. 7.6 2.4 5.2 1.0 0.3 0.2 0.5 17.2

1977 ............. 8.0 2.8 5.4 0.9 0.4 0.3 0.3 18.0

1978 ............. 8.2 2.7 5.5 0.8 0.2 0.3 0.3 18.0

1979 ............. 8.7 2.6 5.5 0.7 0.2 0.3 0.4 18.5

1980 ............. 8.9 2.4 5.8 0.9 0.2 0.3 0.5 18.9

1981 ............. 9.3 2.0 6.0 1.3 0.2 0.3 0.5 19.6

1982 ............. 9.2 1.5 6.2 1.1 0.2 0.3 0.5 19.1

1983 ............. 8.4 1.1 6.1 1.0 0.2 0.3 0.5 17.4

1984 ............. 7.8 1.5 6.2 1.0 0.2 0.3 0.4 17.3

1985 ............. 8.1 1.5 6.4 0.9 0.2 0.3 0.4 17.7

1986 ............. 7.9 1.4 6.5 0.7 0.2 0.3 0.5 17.5

1987 ............. 8.4 1.8 6.5 0.7 0.2 0.3 0.4 18.4

1988 ............. 8.0 1.9 6.7 0.7 0.2 0.3 0.4 18.1

1989 ............. 8.2 1.9 6.6 0.6 0.2 0.3 0.4 18.3

1990 ............. 8.1 1.6 6.6 0.6 0.2 0.3 0.5 18.0

1991 ............. 7.9 1.7 6.7 0.7 0.2 0.3 0.4 17.8

1992 ............. 7.7 1.6 6.6 0.7 0.2 0.3 0.4 17.5

1993 ............. 7.8 1.8 6.5 0.7 0.2 0.3 0.3 17.6

1994 ............. 7.8 2.0 6.6 0.8 0.2 0.3 0.3 18.1

1995 ............. 8.1 2.1 6.6 0.8 0.2 0.3 0.4 18.5

1996 ............. 8.5 2.2 6.6 0.7 0.2 0.2 0.3 18.9

1997 ............. 9.0 2.2 6.6 0.7 0.2 0.2 0.3 19.3

1998 ............. 9.6 2.2 6.6 0.7 0.3 0.2 0.4 19.9

1999 ............. 9.6 2.0 6.7 0.8 0.3 0.2 0.4 20.0

Source: Congressional Budget Office.

TABLE I–11.—FEDERAL REVENUES BY SOURCE FOR SELECTED YEARS IN NOMINAL DOLLARS AS A PERCENTAGE OF GDP AND TOTAL REVEN

SELECTED FISCAL YEARS 1965–99

Revenue source 1965 1970 1975 1980 1985 1990 1995 

In nominal dollars (billions)

Individual income taxes ......................................................... $48.8 $90.4 $122.4 $244.1 $334.5 $466.9 $590.2 Corporate income taxes ......................................................... 25.5 32.8 40.6 64.6 61.3 93.5 157.0 Social insurance taxes ........................................................... 22.2 44.4 84.5 157.8 265.2 380.0 484.5 Excise taxes ............................................................................ 14.6 15.7 16.6 24.3 36.0 35.3 57.5 Estate and gift taxes ............................................................. 2.7 3.6 4.6 6.4 6.4 11.5 14.8 Other ....................................................................................... 3.0 5.9 10.4 19.9 30.7 44.7 47.9 

Total .......................................................................... 116.8 192.8 279.1 517.1 734.2 1,032.0 1,351.8 

As a percentage of GDP

Individual income taxes ......................................................... 7.1 9.0 7.9 9.0 8.1 8.2 8.2 Corporate income taxes ......................................................... 3.7 3.3 2.6 2.4 1.5 1.6 2.2 Social insurance taxes ........................................................... 3.2 4.4 5.4 5.8 6.5 6.7 6.7 Excise taxes ............................................................................ 2.1 1.6 1.1 0.9 0.9 0.6 0.8 Estate and gift taxes ............................................................. 0.4 0.4 0.3 0.2 0.2 0.2 0.2 Other ....................................................................................... 0.4 0.6 0.7 0.7 0.7 0.8 0.7 

Total .......................................................................... 17.0 19.1 18.0 19.0 17.9 18.2 18.8 

TABLE I–11.—FEDERAL REVENUES BY SOURCE FOR SELECTED YEARS IN NOMINAL DOLLARS AS A PERCENTAGE OF GDP AND TOTAL REVEN

SELECTED FISCAL YEARS 1965–99—Continued

Revenue source 1965 1970 1975 1980 1985 1990 1995 

As a percentage of revenues

Individual income taxes ......................................................... 41.8 46.9 43.9 47.2 45.6 45.2 43.7 Corporate income taxes ......................................................... 21.8 17.0 14.6 12.5 8.4 9.1 11.6 Social insurance taxes ........................................................... 19.0 23.0 30.3 30.5 36.1 36.8 35.8 Excise taxes ............................................................................ 12.5 8.1 5.9 4.7 4.9 3.4 4.3 Estate and gift taxes ............................................................. 2.3 1.9 1.7 1.2 0.9 1.1 1.1 Other ....................................................................................... 2.6 3.0 3.7 3.9 4.2 4.3 3.5 

Total .......................................................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 

Source: Congressional Budget Office.

TABLE I–12.—CONGRESSIONAL BUDGET OFFICE BASELINE REVENUE PROJECTIONS BY SOURCE AND AS A PERCENTAGE OF GDP, FISCAL YEARS 

2010

[In billions of dollars]

Revenue source Actual 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Projections

Individual income taxes .. $879 $945 $986 $1,026 $1,068 $1,112 $1,162 $1,217 $1,275 $1,339 $1,407 Corporate income taxes .. 185 189 189 187 190 194 200 208 216 225 233 Social insurance taxes .... 612 653 684 714 742 770 808 842 878 913 954 Excise taxes ..................... 70 68 71 73 75 77 79 81 84 86 89 Estate and gift taxes ...... 28 30 32 33 35 36 37 38 40 42 45 Customs duties ............... 18 19 20 22 23 25 26 27 28 29 30 Miscellaneous receipts .... 35 40 36 41 44 49 50 52 51 53 55 

Total ................... 1,827 1,945 2,016 2,096 2,177 2,263 2,361 2,465 2,572 2,686 2,813 

As a percentage of GDP

Individual income taxes .. 9.6 9.9 9.8 9.8 9.7 9.7 9.7 9.8 9.8 9.9 9.9 Corporate income taxes .. 2 2 1.9 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.6 Social insurance taxes .... 6.7 6.8 6.8 6.8 6.8 6.7 6.8 6.8 6.8 6.7 6.7 Excise taxes ..................... 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 Estate and gift taxes ...... 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Customs duties ............... 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Miscellaneous receipts .... 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 

Total ................... 20 20.3 20.1 20 19.9 19.8 19.8 19.8 19.8 19.8 19.8 

Source: Congressional Budget Office.

1348

TABLE I–13.—REVENUES, OUTLAYS, DEFICITS, AND SURPLUSES, FISCAL YEARS 1962–

99

[In billions of dollars]

Fiscal year Revenues Outlays

Deficit (¥) or surplus

Onbudget Social

Security

Postal

Service

1962 ....................................... $99.7 $106.8 ¥$5.9 ¥$1.3 NA

1963 ....................................... 106.6 111.3 ¥4.0 ¥0.8 NA

1964 ....................................... 112.6 118.5 ¥6.5 0.6 NA

1965 ....................................... 116.8 118.2 ¥1.6 0.2 NA

1966 ....................................... 130.8 134.5 ¥3.1 ¥0.6 NA

1967 ....................................... 148.8 157.5 ¥12.6 4.0 NA

1968 ....................................... 153.0 178.1 ¥27.7 2.6 NA

1969 ....................................... 186.9 183.6 ¥0.5 3.7 NA

1970 ....................................... 192.8 195.6 ¥8.7 5.9 NA

1971 ....................................... 187.1 210.2 ¥26.1 3.0 NA

1972 ....................................... 207.3 230.7 ¥26.4 3.0 NA

1973 ....................................... 230.8 245.7 ¥15.4 0.5 NA

1974 ....................................... 263.2 269.4 ¥8.0 1.8 NA

1975 ....................................... 279.1 332.3 ¥55.3 2.0 NA

1976 ....................................... 298.1 371.8 ¥70.5 ¥3.2 NA

1977 ....................................... 355.6 409.2 ¥49.8 ¥3.9 NA

1978 ....................................... 399.6 458.7 ¥54.9 ¥4.3 NA

1979 ....................................... 463.3 504.0 ¥38.7 ¥2.0 NA

1980 ....................................... 517.1 590.9 ¥72.7 ¥1.1 NA

1981 ....................................... 599.3 678.2 ¥74.0 ¥5.0 NA

1982 ....................................... 617.8 745.8 ¥120.1 ¥7.9 NA

1983 ....................................... 600.6 808.4 ¥208.0 0.2 NA

1984 ....................................... 666.5 851.9 ¥185.7 0.3 NA

1985 ....................................... 734.1 946.4 ¥221.7 9.4 NA

1986 ....................................... 769.2 990.5 ¥238.0 16.7 NA

1987 ....................................... 854.4 1,004.1 ¥169.3 19.6 NA

1988 ....................................... 909.3 1,064.5 ¥194.0 38.8 NA

1989 ....................................... 991.2 1,143.7 ¥205.2 52.4 $0.3

1990 ....................................... 1,032.0 1,253.2 ¥277.8 58.2 ¥1.6

1991 ....................................... 1,055.0 1,324.4 ¥321.6 53.5 ¥1.3

1992 ....................................... 1,091.3 1,381.7 ¥340.5 50.7 ¥0.7

1993 ....................................... 1,154.4 1,409.4 ¥300.5 46.8 ¥1.4

1994 ....................................... 1,258.6 1,461.9 ¥258.9 56.8 ¥1.1

1995 ....................................... 1,351.8 1,515.8 ¥226.4 60.4 2.0

1996 ....................................... 1,453.1 1,560.6 ¥174.1 66.4 0.5

1997 ....................................... 1,579.3 1,601.3 ¥103.4 81.3 (1)

1998 ....................................... 1,721.8 1,652.6 ¥30.0 99.0 0.2

1999 ....................................... 1,827.5 1,703.0 0.7 124.7 ¥1.0

1 Less than 0.05 percent.

NA—Not available.

Source: Congressional Budget Office.

1349

TABLE I–14.—REVENUES, OUTLAYS, DEFICITS, AND SURPLUSES, AS A PERCENTAGE OF

GDP, FISCAL YEARS 1962–99

Fiscal year Revenues Outlays

Deficit (¥) or surplus

Onbudget Social

Security

Postal

Service

1962 ....................................... 17.6 18.8 ¥1.0 ¥0.2 NA

1963 ....................................... 17.8 18.5 ¥0.7 ¥0.1 NA

1964 ....................................... 17.6 18.5 ¥1.0 0.1 NA

1965 ....................................... 17.0 17.2 ¥0.2 (1) NA

1966 ....................................... 17.3 17.8 ¥0.4 ¥0.1 NA

1967 ....................................... 18.3 19.4 ¥1.6 0.5 NA

1968 ....................................... 17.6 20.5 ¥3.2 0.3 NA

1969 ....................................... 19.7 19.3 ¥0.1 0.4 NA

1970 ....................................... 19.0 19.3 ¥0.9 0.6 NA

1971 ....................................... 17.3 19.4 ¥2.4 0.3 NA

1972 ....................................... 17.6 19.6 ¥2.2 0.3 NA

1973 ....................................... 17.6 18.7 ¥1.2 (1) NA

1974 ....................................... 18.3 18.7 ¥0.6 0.1 NA

1975 ....................................... 17.9 21.3 ¥3.5 0.1 NA

1976 ....................................... 17.2 21.4 ¥4.1 ¥0.2 NA

1977 ....................................... 18.0 20.7 ¥2.5 ¥0.2 NA

1978 ....................................... 18.0 20.7 ¥2.5 ¥0.2 NA

1979 ....................................... 18.5 20.1 ¥1.5 ¥0.1 NA

1980 ....................................... 18.9 21.6 ¥2.7 (1) NA

1981 ....................................... 19.6 22.2 ¥2.4 ¥0.2 NA

1982 ....................................... 19.1 23.1 ¥3.7 ¥0.2 NA

1983 ....................................... 17.4 23.5 ¥6.0 (1) NA

1984 ....................................... 17.3 22.1 ¥4.8 (1) NA

1985 ....................................... 17.7 22.9 ¥5.4 0.2 NA

1986 ....................................... 17.5 22.5 ¥5.4 0.4 NA

1987 ....................................... 18.4 21.6 ¥3.6 0.4 NA

1988 ....................................... 18.1 21.2 ¥3.9 0.8 NA

1989 ....................................... 18.3 21.2 ¥3.8 1.0 (1)

1990 ....................................... 18.0 21.8 ¥4.8 1.0 (1)

1991 ....................................... 17.8 22.3 ¥5.4 0.9 (1)

1992 ....................................... 17.5 22.2 ¥5.5 0.8 (1)

1993 ....................................... 17.6 21.5 ¥4.6 0.7 (1)

1994 ....................................... 18.1 21.0 ¥3.7 0.8 (1)

1995 ....................................... 18.5 20.7 ¥3.1 0.8 (1)

1996 ....................................... 18.9 20.3 ¥2.3 0.9 (1)

1997 ....................................... 19.3 19.6 ¥1.3 1.0 (1)

1998 ....................................... 19.9 19.1 ¥0.3 1.1 (1)

1999 ....................................... 20.0 18.7 (1) 1.4 (1)

1 Less than 0.05 percent.

NA—Not available.

Source: Congressional Budget Office.

TABLE I–15.—FEDERAL FINANCES AND THE FEDERAL DEBT, SELECTED FISCAL YEARS 1955–2000

[Dollars in billions]

Fiscal year

Total deficit Federal debt, end of year

Amount Percentage of GDP

Gross Held by government accounts Held by the pu

Anount Percentage of GDP Anount Percentage of GDP Anount Pe

1955 ...................................................................

¥$3.0

¥0.8 $274.4 69.4 $47.8 12.1 $226.6 

1960 ................................................................... 0.3 0.1 290.5 55.9 53.7 10.3 236.8 1965 ...................................................................

¥1.4

¥0.2 322.3 46.8 61.5 8.9 260.8 

1970 ...................................................................

¥2.8

¥0.3 380.9 37.6 97.7 9.6 283.2 

1971 ...................................................................

¥23.0

¥2.1 408.2 37.7 105.1 9.7 303.0 

1972 ...................................................................

¥23.4

¥2.0 435.9 37.0 113.6 9.6 322.4 

1973 ...................................................................

¥14.9

¥1.1 466.3 35.5 125.4 9.5 340.9 

1974 ...................................................................

¥6.1

¥0.4 483.9 33.6 140.2 9.7 343.7 

1975 ...................................................................

¥53.2

¥3.4 541.9 34.8 147.2 9.4 394.7 

1976 ...................................................................

¥73.7

¥4.2 629.0 36.2 151.6 8.7 477.4 

Transitional quarter ...........................................

¥14.7

¥3.2 643.6 35.0 148.1 8.1 495.5 

1977 ...................................................................

¥53.7

¥2.7 706.4 35.8 157.3 8.0 549.1 

1978 ...................................................................

¥59.2

¥2.7 776.6 35.0 169.5 7.6 607.1 

1979 ...................................................................

¥40.7

¥1.6 829.5 33.1 189.2 7.6 640.3 

1980 ...................................................................

¥73.8

¥2.7 909.1 33.3 197.1 7.2 711.9 

1981 ...................................................................

¥79.0

¥2.6 994.8 32.5 205.4 6.7 789.4 

1982 ...................................................................

¥128.0

¥4.0 1,137.3 35.2 212.7 6.6 924.6 

1983 ...................................................................

¥207.8

¥6.0 1,371.7 39.9 234.4 6.8 1,137.3 

1984 ...................................................................

¥185.4

¥4.8 1,564.7 40.7 257.6 6.7 1,307.0 

1985 ...................................................................

¥212.3

¥5.1 1,817.5 43.9 310.2 7.5 1,507.4 

1986 ...................................................................

¥221.2

¥5.0 2,120.6 48.2 379.9 8.6 1,740.8 

1987 ...................................................................

¥149.8

¥3.2 2,346.1 50.4 456.2 9.8 1,889.9 

1988 ...................................................................

¥155.2

¥3.1 2,601.3 51.9 549.5 11.0 2,051.8 

1989 ...................................................................

¥152.5

¥2.8 2,868.0 53.0 677.1 12.5 2,191.0 

1990 ...................................................................

¥221.2

¥3.9 3,206.6 55.9 794.7 13.8 2,411.8 

1991 ...................................................................

¥269.4

¥4.5 3,598.5 60.7 909.2 15.3 2,689.3 

1992 ...................................................................

¥290.4

¥4.7 4,002.1 64.3 1,002.1 16.1 3,000.1 

1993 ...................................................................

¥255.1

¥3.9 4,351.4 66.3 1,102.6 16.8 3,248.8 

1994 ...................................................................

¥203.3

¥2.9 4,643.7 66.8 1,210.2 17.4 3,433.4 

1995 ...................................................................

¥164.0

¥2.2 4,921.0 67.2 1,316.2 18.0 3,604.8 

1996 ...................................................................

¥107.5

¥1.4 5,181.9 67.3 1,447.4 18.8 3,734.5 

1997 ...................................................................

¥22.0

¥0.3 5,369.7 65.6 1,596.9 19.5 3,772.8 

1998 ................................................................... 69.2 0.8 5,478.7 63.4 1,757.1 20.3 3,721.6 1999 ................................................................... 124.4 1.4 5,606.1 61.5 1,973.2 21.6 3,632.9 2000 1 ................................................................. 166.7 1.7 5,686.3 59.4 2,110.5 23.1 3,475.9 

1 2000 figures are estimates.

Source: Executive Office of the President (2000, tables 1.3, 7.1).

TABLE I–16.—CONGRESSIONAL BUDGET OFFICE PROJECTIONS OF INTEREST COSTS AND FEDERAL DEBT, FISCAL YEARS 1999–2010

Source Actual 1999 Fiscal year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Net interest outlays (billions of dollars)

Interest on public debt (gross interest) 1 ................ $354 $363 $371 $374 $372 $369 $366 $363 $359 $355 $354 Interest received by trust funds:

Social Security ................................................

¥52

¥60

¥70

¥80

¥91

¥102

¥113

¥125

¥138

¥152

¥167

Other trust funds 2 .........................................

¥67

¥71

¥75

¥79

¥82

¥84

¥87

¥90

¥93

¥97

¥100

Subtotal .......................................................

¥119

¥131

¥144

¥159

¥173

¥186

¥200

¥215

¥231

¥249

¥267

Other interest 3 .........................................................

¥5 ¥8 ¥8 ¥7 ¥6 ¥7 ¥8 ¥8 ¥8 ¥8 ¥9 

Total (net interest) ...................................... 230 224 218 209 193 176 159 140 120 98 78 

Federal debt, end of year (billions of dollars)

Gross Federal debt ................................................... 5,606 5,661 5,733 5,796 5,857 5,909 5,951 5,957 5,932 5,896 6,007 Debt held by government accounts:

Social Security ................................................ 855 1,009 1,175 1,358 1,554 1,762 1,987 2,225 2,478 2,745 3,025 Other government accounts 2 ......................... 1,118 1,200 1,274 1,361 1,446 1,528 1,609 1,698 1,786 1,882 1,967 

Subtotal ....................................................... 1,973 2,209 2,449 2,719 2,999 3,290 3,596 3,924 4,265 4,626 4,991 

Debt held by the public ........................................... 3,633 3,452 3,284 3,078 2,858 2,618 2,355 2,034 1,667 1,270 1,016 Debt subject to limit 4 .............................................. 5,566 5,622 5,694 5,757 5,824 5,880 5,929 5,936 5,911 5,875 5,798 

Federal debt as a percentage of gross domestic product (GDP)

Debt held by the public as a percentage of GDP ... 39.9 36 32.7 29.3 26.1 22.9 19.8 16.3 12.8 9.3 7.2 

1 Excludes interest costs of debt issued by agencies other than the Treasury (primarily the Tennessee Valley Authority).2Mainly Civil Service Retirement, Military Retirement, Medicare, Unemployment Insurance, and the Airport and Airway Trust Funds.3 Primarily interest on loans to the public.4 Differs from gross Federal debt primarily because most debt issued by agencies other than the Treasury is excluded from the debt limit. The current debt limit is $5

lion.

Source: Congressional Budget Office, March 2000 baseline projections assuming that discretionary spending grows with inflation after 2000.

TABLE I–17.—TRUST FUND SURPLUSES, SELECTED FISCAL YEARS 1981–99

[In billions of dollars]

Trust fund 1981 1983 1985 1987 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 

Social Security ¥$5 (1) $9 $20 $52 $58 $54 $51 $47 $57 $60 $66 $81 $99 

Medicare ......... 3 $6 4 9 22 15 15 14 10 1 ¥7 9 ¥1 7 

Military Retirement .......... .......... ............ 12 14 14 12 13 12 10 8 7 5 8 7 Civilian Retirement 2 ........ 11 14 18 18 20 22 24 26 28 28 28 28 30 30 

Unemployment ¥1 ¥15776 ¥3 ¥12 1 3 8 6 8 9 

Highway and

Airport ........ ¥21224242 ¥1 ¥5 ¥1 (1) (1) 7 

Other 3 ............ 1 2 5 3 4 5 6 4 6 4 4 1 02

Total trust

fund surplus ....... 7 23 54 73 124 120 112 96 100 95 99 115 126 161 

Federal

fundsdeficit(¥) or

surplus .. ¥86 ¥231 ¥267 ¥222 ¥276 ¥342 ¥381 ¥386 ¥355 ¥299 ¥263 ¥222 ¥148 ¥92 

Overall deficit (¥)

or surplus ....... ¥79 ¥208 ¥212 ¥150 ¥153 ¥221 ¥270 ¥290 ¥255 ¥203 ¥164 ¥107 ¥22 69 

1 Less than $500 million.2 Civil Service, Foreign Service, and Judicial Survivors.3 Primarily Railroad Retirement, Federal Employees’ Health and Life Insurance, Superfund, various veterans insurance trust funds, and (through part of 1989) the Federa

Insurance Corporation (FDIC). Under legislation enacted in August 1989, FDIC was succeeded by the Bank Insurance Fund, classified as a public enterprise fund.

Source: Congressional Budget Office.

TABLE I–18.—CONGRESSIONAL BUDGET OFFICE PROJECTIONS OF TRUST FUND SURPLUSES, FISCAL YEARS 1999–2010

[In billions of dollars]

Trust fund Actual 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Social Security 1 .............................................. $125 $154 $166 $182 $196 $209 $225 $238 $253 $266 $280 

Medicare 2 ....................................................... 26 25 17 28 28 26 23 30 27 23 20 

Military Retirement ......................................... 7 8 8 8 9 10 10 11 12 13 13 

Civilian Retirement 3 ...................................... 31 31 33 33 33 33 34 34 34 34 34 

Unemployment ................................................ 7 8 9 8 5 2 2 2 1 10 1 

Highway and Mass Transit ............................ 103223334456Airport and Airway .......................................... 31011122344Other 4 ............................................................. 33433333333

Total trust fund surplus 5 ..................... 213 233 239 266 278 287 302 324 337 358 361 Federal funds deficit (

¥) or surplus 5 ¥88

¥54

¥58

¥55

¥47

¥37

¥29 6 36 46 88 

Total deficit (

¥) or surplus 6 .............. 124 179 181 212 231 250 273 330 374 404 449 

Memorandum: Net transfers from the General Fund to trust funds ............................ 272 290 305 332 360 383 411 436 470 501 535 

1 Old-Age and Survivors Insurance and Disability Insurance.2 Hospital Insurance and Supplementary Medical Insurance.3 Civil Service Retirement, Foreign Service Retirement, and several small funds.4 Primarily Railroad Retirement, Employees’ Health and Life Insurance, Superfund, and various veterans insurance trust funds.5 Assumes that discretionary spending reductions are made in non-trust fund programs.6 Assumes that discretionary spending grows with inflation.

Source: Congressional Budget Office, March 2000 baseline projections.

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TABLE I–19.—CONGRESSIONAL BUDGET OFFICE BASELINE AND ADMINISTRATION

PROJECTIONS, CALENDAR YEARS 2000–2005

Projection category Actual

1999

Forecast Projected

2000 2001 2002 2003 2004 2005

Real GDP (percentage change,

year over year):

Congressional Budget Office 4.0 3.3 3.1 2.8 2.6 2.6 2.7

Administration ...................... 4.0 3.3 2.7 2.5 2.5 2.8 3.0

GDP price index (percentage

change, year over year):

Congressional Budget Office 1.4 1.6 1.6 1.7 1.7 1.7 1.7

Administration ...................... 1.4 1.6 2.0 2.0 2.0 2.0 2.0

Consumer Price Index 1 (percentage change, year over year):

Congressional Budget Office 2.2 2.5 2.4 2.5 2.5 2.5 2.5

Administration ...................... 2.2 2.6 2.4 2.6 2.6 2.6 2.6

Civilian unemployment rate (percent):

Congressional Budget Office 4.2 4.1 4.2 4.4 4.7 4.8 5.0

Administration ...................... 4.2 4.2 4.5 4.9 5.2 5.2 5.2

Three-month Treasury bill rate

(percent):

Congressional Budget Office 4.6 5.4 5.6 5.3 4.9 4.8 4.8

Administration ...................... 4.6 5.2 5.2 5.2 5.2 5.2 5.2

Ten-year Treasury note rate (percent):

Congressional Budget Office 5.6 6.3 6.4 6.1 5.8 5.7 5.7

Administration ...................... 5.6 6.1 6.1 6.1 6.1 6.1 6.1

1 Consumer Price Index for All Urban Consumers (CPI–U).

Source: Congressional Budget Office; Office of Management and Budget.

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TABLE I–20.—EFFECTS ON CONGRESSIONAL BUDGET OFFICE BUDGET PROJECTIONS OF

SELECTED CHANGES IN ECONOMIC ASSUMPTIONS, FISCAL YEARS 2000–2005

[In billions of dollars]

Category 2000 2001 2002 2003 2004 2005

Real growth: Effect of 0.1 percentage point lower annual rate beginning January 2000

Change in revenues ................. ¥$1 ¥$3 ¥$6 ¥$8 ¥$11 ¥$15

Change in outlays ................... (1) (1) (1)1 1 2

Change in surplus ................... ¥1 ¥3 ¥6 ¥9 ¥13 ¥17

Inflation: Effect of 1 percentage point higher annual rate beginning January 2000

Change in revenues ................. 11 32 56 81 108 138

Change in outlays ................... 5 25 44 62 82 103

Change in surplus ................... 6 7 12 19 27 35

Interest rates: Effect of 1 percentage point higher annual rate beginning January 2000

Change in revenues ................. 0000 0 0

Change in outlays ................... 4 13 16 17 18 19

Change in surplus ................... ¥4 ¥13 ¥16 ¥17 ¥18 ¥19

1 Less than $500 million.

Note.—See appendix C in Congressional Budget Office (January 2000) for more information.

Source: Congressional Budget Office.

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TABLE I–21.—PRICE LEVELS, 1970–2005

Year

Chaintype

GDP

price

index

All

items

(CPI–U)

CPI–U

fiscal

year

Food

and

beverage 1

Housing Medical

care

CPI–U–

RS 2

CPI–U–

RS 2

fiscal

year

1970 ............... 29.3 38.8 37.8 40.1 36.4 34.0 NA NA

1971 ............... 30.8 40.5 39.7 41.4 38.0 36.1 NA NA

1972 ............... 32.2 41.8 41.2 43.1 39.5 37.3 NA NA

1973 ............... 34.0 44.4 42.8 48.8 41.2 38.8 NA NA

1974 ............... 36.9 49.3 46.7 55.5 45.8 42.4 NA NA

1975 ............... 40.4 53.8 51.8 60.2 50.6 47.5 NA NA

1976 3 ............. 42.8 56.9 55.5 62.1 53.8 52.0 NA NA

1977 ............... 45.6 60.6 59.7 65.8 57.4 57.0 NA NA

1978 ............... 48.7 65.2 63.9 72.2 62.5 61.7 104.4 NA

1979 ............... 52.7 72.6 70.4 79.9 70.1 67.5 114.2 111.4

1980 ............... 57.4 82.4 80.0 86.8 81.1 74.9 126.9 123.6

1981 ............... 62.7 90.9 88.9 93.5 90.4 82.9 138.9 136.1

1982 ............... 66.5 96.5 95.5 97.3 96.9 92.6 147.1 145.2

1983 ............... 69.2 99.6 98.8 99.5 99.5 100.7 153.2 151.8

1984 ............... 71.8 103.9 102.9 103.2 103.6 107.0 159.4 157.9

1985 ............... 74.0 107.6 106.7 105.6 107.7 113.6 164.8 163.5

1986 ............... 75.7 109.7 109.3 109.1 110.9 122.2 167.8 167.3

1987 ............... 77.8 113.7 112.5 113.6 114.2 130.3 173.5 171.8

1988 ............... 80.5 118.4 117.1 118.2 118.5 138.8 179.9 178.2

1989 ............... 83.6 124.0 122.6 125.0 123.0 149.4 187.7 185.8

1990 ............... 86.8 130.8 128.8 132.1 128.5 163.0 197.1 194.3

1991 ............... 89.8 136.3 135.3 136.8 133.6 177.2 204.4 203.1

1992 ............... 91.7 140.4 139.3 138.7 137.5 190.3 209.7 208.3

1993 ............... 94.2 144.6 143.6 141.6 141.2 201.6 215.1 213.8

1994 ............... 96.1 148.3 147.4 144.9 144.8 211.2 219.8 218.6

1995 ............... 98.2 152.5 151.5 148.9 148.5 220.7 225.7 224.3

1996 ............... 100.0 157.0 155.7 153.7 152.8 228.5 231.8 230.1

1997 ............... 101.7 160.6 159.9 157.8 156.8 234.8 236.9 235.9

1998 ............... 102.9 163.1 162.5 161.1 160.4 242.4 240.1 239.3

1999 ............... 104.3 166.7 165.6 164.6 163.9 250.9 245.1 243.6

2000 4 ............. 105.9 170.8 169.9 NA NA NA 251.3 249.9

2001 4 ............. 107.7 175.0 173.9 NA NA NA 257.4 255.8

2002 4 ............. 109.5 179.3 178.2 NA NA NA 263.8 262.2

2003 4 ............. 111.3 183.8 182.7 NA NA NA 270.4 268.7

2004 4 ............. 113.1 188.4 187.2 NA NA NA 277.1 275.4

2005 4 ............. 115.1 193.1 191.9 NA NA NA 284.0 282.3

1 Includes alcoholic beverages, not shown separately.

2 CPI–U–RS is the CPI research series using current methods (December 1977 = 100).

3 In 1976, the fiscal year was moved from July–June to October–September. The 3-month period from

July through September 1976 is not represented in this table. 4 Congressional Budget Office forecast from ‘‘The Budget and Economic Outlook: Fiscal Years 2001–

2010, January 2000.’’

NA—Not available.

Source: Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Department of Labor, Bureau of Labor Statistics.

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REFERENCES

Congressional Budget Office. (2000, January). The economic and

budget outlook: Fiscal years 2001–2010. Washington, DC: U.S.

Government Printing Office.

Executive Office of the President. (2000). Budget of the U.S. Government, fiscal year 2001 (Historical Tables). Washington, DC:

U.S. Government Printing Office.