TABLE 6 Budget Outlook Through 2004 (By fiscal year)

 

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

In Billions of Dollars

Revenues

1,150

1,251

1,338

1,411

1,479

1,556

1,630

1,706

1,783

1,868

1,958

2,054

Outlays

Discretionary

547

543

541

547

547

547

564

582

600

619

638

658

Mandatory

Social Security

318

318

335

352

370

388

408

429

450

473

497

523

Medicare

143

160

177

195

215

238

264

290

320

354

392

435

Medicaid

76

86

96

108

121

135

151

168

186

206

227

250

Civil service and military retirement

61

62

65

67

70

73

78

81

85

89

92

96

Other

182

117

171

168

184

191

199

205

211

218

225

232

Subtotal

764

803

844

890

960

1,026

1,099

1,173

1,253

1,339

1,433

Deposit insurance

−26

−5

−11

−14

−6

−4

−4

−3

−3

−2

−2

−2

Net interest

198

201

212

228

239

249

261

270

283

298

315

334

Offsetting receipts

−67

−68

−77

−74

−78

−83

−86

−90

−94

−98

−102

−106

Total

1,416

1,474

1,509

1,577

1,661

1,736

1,834

1,931

2,039

2,156

2,282

2,419

Deficit

266

223

171

166

182

180

204

226

256

288

324

365

Deficit excluding deposit insurance

292

226

182

180

189

184

208

229

258

290

326

367

Debt held by the public

3,249

3,462

3,642

3,822

4,021

4,218

4,441

4,686

4,961

5,258

5,611

5,995

As a Percentage of GDP

Net interest outlays

3.2

3.0

3.0

3.1

3.1

3.0

3.0

3.0

3.0

3.0

3.0

3.1

Deficit

4.3

3.4

2.4

2.2

2.3

2.2

2.4

2.5

2.7

2.9

3.1

3.3

Debt held by the public

52.5

52.2

52.0

51.7

51.7

51.5

51.7

52.0

52.5

53.1

53.9

54.9

Note: Columns may not total as figures have been rounded off.

SOURCE: Congressional Budget Office.



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