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 2010 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 $2,946 Outlays: Discretionary spending.................... 575 603 635 650 667 682 700 714 727 747 764 782 Mandatory spending: Social Security......................... 387 402 419 440 460 482 507 532 559 588 621 657 Medicare............................... 209 218 236 244 264 284 310 320 349 375 403 434 Medicaid............................... 108 115 124 134 145 158 172 188 204 223 243 264 Federal civilian and military 85 88 91 95 98 102 106 110 114 118 123 127 retirement............................. Other.................................. 189 194 195 206 212 222 234 235 235 249 257 266 ----------------------------------------------------------------------------------------------------------- Subtotal............................. 978 1017 1067 1,118 1,180 1,248 1,329 1,385 1,461 1,552 1,646 1,748 =========================================================================================================== Offsetting receipts...................... -80 -79 -85 -92 -94 -94 -99 -104 -109 -114 -120 -126 Net interest............................. 230 224 218 209 193 176 159 140 120 98 78 67 Proceeds from investing excess cash...... NA NA NA NA NA NA NA NA NA NA -5 -20 ----------------------------------------------------------------------------------------------------------- Total................................. 1,703 1,766 1,835 1,885 1,945 2,012 2,089 2,135 2,198 2,282 2,364 2,451 =========================================================================================================== Surplus.................................... 124 179 181 212 231 250 273 330 374 404 449 495 Debt held by public........................ 3,633 3,452 3,284 3,078 2,858 2,618 2,355 2,034 1,667 1,270 1,016 941 =========================================================================================================== 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 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 5.3 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 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 2.9 Medicaid............................... 1.2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.6 1.6 1.7 1.8 Federal civilian and military 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 retirement............................. Other.................................. 2.1 2.0 2.0 2.0 2.0 1.9 2.0 1.8 1.7 1.8 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 11.8 =========================================================================================================== Offsetting receipts...................... -0.9 -0.8 -0.8 -0.9 -0.9 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.9 Net interest............................. 2.5 2.3 2.2 2.0 1.8 1.5 1.3 1.1 0.9 0.7 0.5 0.3 Proceeds from investing excess cash...... (\1\) (\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 16.5 =========================================================================================================== Surplus.................................... 1.4 1.9 1.8 2.0 2.1 2.2 2.3 2.7 2.9 3.0 3.2 3.3 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 6.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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 2010 -------------------------------------------------------------------------------------------------------------------------------------------------------- In billions of dollars ---------------------------------------------------------------------------------------------------- Discretionary spending: Defense........................................ $275 $284 $296 $301 $308 $316 $326 $331 $336 $347 $356 $364 Domestic and international.................... 270 284 302 311 319 325 332 340 348 356 365 373 Violent Crime Reduction Trust Fund............ 4 7 6 5 5 5 5 5 5 5 6 6 Highways...................................... 22 24 27 28 29 30 30 31 31 31 32 32 Mass transit.................................. 4 5 5 5 6 6 6 6 6 6 6 7 ---------------------------------------------------------------------------------------------------- Subtotal..................................... 575 603 635 650 667 682 700 714 727 747 764 782 ==================================================================================================== Mandatory spending................................ 978 1,017 1,067 1,118 1,180 1,248 1,329 1,385 1,461 1,552 1,646 1,748 Offsetting receipts............................... -79 -79 -85 -92 -94 -94 -99 -104 -109 -114 -120 -126 Net interest \1\.................................. 230 224 218 209 193 176 159 140 120 98 74 47 ---------------------------------------------------------------------------------------------------- Total........................................ 1,703 1,766 1,835 1,885 1,945 2,012 2,089 2,135 2,199 2,282 2,364 2,451 ==================================================================================================== Onbudget.................................... 1,382 1,439 1,499 1,542 1,593 1,651 1,716 1,751 1,802 1,872 1,937 2,006 Offbudget \2\............................... 321 327 336 343 352 361 373 384 397 410 427 445 ==================================================================================================== 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 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 2.5 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 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 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 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 5.3 ==================================================================================================== Mandatory spending................................ 10.7 10.6 10.6 10.7 10.8 10.9 11.1 11.1 11.2 11.4 11.6 11.8 Offsetting receipts............................... -0.9 -0.8 -0.8 -0.9 -0.9 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.9 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 0.3 ---------------------------------------------------------------------------------------------------- Total........................................ 18.7 18.4 18.3 18.0 17.8 17.6 17.5 17.1 16.9 16.8 16.6 16.5 ==================================================================================================== Onbudget.................................... 15.2 15.0 14.9 14.7 14.5 14.5 14.4 14.1 13.9 13.8 13.6 13.5 Offbudget \2\............................... 3.5 3.4 3.3 3.3 3.2 3.2 3.1 3.1 3.0 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 1965-99 -------------------------------------------------------------------------------------------------------------------------------------------------------- Spending category 1965 1970 1975 1980 1985 1990 1995 1999 -------------------------------------------------------------------------------------------------------------------------------------------------------- In nominal dollars (billions) --------------------------------------------------------------------------------------- Discretionary: Defense..................................................... $51.0 $81.9 $87.6 $134.6 $253.1 $300.1 $273.6 $275.5 International............................................... 4.7 4.0 8.2 12.8 17.4 19.1 20.1 19.5 Domestic.................................................... 22.1 34.3 62.0 128.7 145.2 181.2 252.0 280.0 --------------------------------------------------------------------------------------- Subtotal, discretionary................................... 77.8 120.2 157.8 276.1 415.7 500.4 545.7 575.0 ======================================================================================= Social Security................................................. 17.1 29.6 63.6 117.1 186.4 246.5 333.3 387.0 Medicare........................................................ 0 6.8 14.1 34.0 69.7 107.4 177.1 209.3 Medicaid........................................................ 0.3 2.7 6.8 14.0 22.7 41.1 89.1 108.0 Means-tested entitlements other than Medicaid................... 4.9 7.4 18.6 31.9 43.3 58.8 101.5 112.7 Deposit insurance............................................... -0.4 -0.5 0.5 -0.4 -2.2 57.9 -17.9 -5.3 Other entitlements and mandatories.............................. 17.8 26.4 65.9 94.9 128.4 115.2 134.6 165.1 Net interest.................................................... 8.6 14.4 23.2 52.5 129.5 184.2 232.2 229.7 --------------------------------------------------------------------------------------- Total outlays............................................. 118.2 195.6 332.3 590.9 946.4 1,253.2 1,515.8 1,703.0 ======================================================================================= As a percentage of GDP --------------------------------------------------------------------------------------- Discretionary: Defense..................................................... 7.4 8.1 5.6 5.0 6.2 5.3 3.7 3.0 International............................................... 0.7 0.4 0.5 0.5 0.4 0.3 0.3 0.2 Domestic.................................................... 3.2 3.4 4.0 4.7 3.5 3.2 3.4 3.1 --------------------------------------------------------------------------------------- Subtotal, discretionary................................... 11.3 11.9 10.2 10.2 10.1 8.8 7.5 6.3 ======================================================================================= Social Security................................................. 2.5 2.9 4.1 4.3 4.5 4.3 4.6 4.2 Medicare........................................................ 0.0 0.7 0.9 1.2 1.7 1.9 2.5 2.3 Medicaid........................................................ 0.0 0.3 0.4 0.5 0.6 0.7 1.2 1.2 Aid to Families with Dependent Children (AFDC), Supplemental 0.4 0.5 0.9 0.8 0.7 0.7 0.9 0.9 Security Income (SSI), food stamps............................. Deposit insurance............................................... -0.1 -0.0 0 0 -0.1 1.0 -0.2 -0.1 Other entitlements and mandatories.............................. 1.7 1.8 3.4 2.8 2.3 1.3 1.3 1.3 Net interest.................................................... 1.3 1.4 1.5 1.9 3.2 3.2 3.2 3.2 --------------------------------------------------------------------------------------- Total..................................................... 17.2 19.4 21.4 21.7 23.0 22.0 21.2 20.8 ======================================================================================= Memo: Social Security, Medicare and Medicaid.................... 2.5 3.9 5.4 6.0 6.8 6.9 8.3 8.4 --------------------------------------------------------------------------------------- As a percentage of budget --------------------------------------------------------------------------------------- Discretionary: Defense..................................................... 43.2 41.9 26.4 22.8 26.7 24.0 18.0 17.0 International............................................... 4.0 2.0 2.5 2.2 1.8 1.5 1.3 1.2 Domestic.................................................... 18.7 17.5 18.7 21.8 15.3 14.5 16.6 16.0 --------------------------------------------------------------------------------------- Subtotal, discretionary................................... 65.8 61.4 47.5 46.7 43.9 40.0 35.9 34.2 ======================================================================================= Social Security................................................. 14.4 15.2 19.1 19.8 19.7 19.7 21.9 22.2 Medicare........................................................ 0 3.5 4.2 5.8 7.4 8.6 11.7 12.3 Medicaid........................................................ 0.3 1.4 2.0 2.4 2.4 3.3 5.9 5.9 AFDC, SSI, food stamps.......................................... 2.4 2.4 4.2 3.8 3.2 3.2 4.4 4.3 Deposit insurance............................................... -0.3 -0.3 0.2 -0.1 -0.2 4.6 -1.2 -0.5 Other entitlements and mandatories.............................. 10.2 9.0 15.8 12.8 10.0 6.0 6.1 6.1 Net interest.................................................... 7.3 7.4 7.0 8.9 13.7 14.7 15.3 15.5 --------------------------------------------------------------------------------------- Total..................................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 THE COMMITTEE ON WAYS AND MEANS, FISCAL YEARS 1999-2005 [In billions of dollars] ---------------------------------------------------------------------------------------------------------------- 1999 Program actual 2000 2001 2002 2003 2004 2005 ---------------------------------------------------------------------------------------------------------------- Social Security.................... $387.0 $401.8 $419.4 $439.6 $460.3 $482.4 $506.7 Old-Age and Survivors Insurance 336.3 347.9 362.9 377.8 393.7 410.6 429.1 Disability Insurance........... 50.7 54.0 57.6 61.8 66.7 71.9 77.5 Medicare........................... 209.3 218.3 236.2 243.9 264.5 283.6 309.8 Hospital Insurance (HI)........ 129.6 130.9 138.3 141.2 151.0 160.6 174.2 Supplementary Medical Insurance 79.0 86.6 97.0 101.7 112.4 122.0 134.6 (SMI)......................... Trade adjustment................... 0.3 0.4 0.4 0.4 0.3 0.3 0.3 Unemployment compensation.......... 21.3 21.6 22.7 24.3 26.9 29.2 31.0 Family support..................... 19.5 21.6 21.9 23.6 23.7 24.4 24.9 Earned income credit outlays....... 26.0 26.4 26.4 27.0 27.2 27.7 28.4 Supplemental Security Income....... 28.2 28.8 30.3 32.0 33.8 35.7 40.7 Social Services Block Grant........ 2.0 1.6 2.3 1.8 1.8 1.7 1.7 Children and family services 5.7 6.0 6.8 6.8 6.9 7.1 7.2 programs.......................... Foster Care and Adoption Assistance 4.7 5.2 6.6 6.1 6.5 7.0 7.4 SMI and HI premiums................ -21.6 -21.8 -23.3 -25.4 -28.1 -31.1 -34.2 ---------------------------------------------------------------------------- Total........................ 682.4 709.9 749.7 780.1 823.8 868.0 923.9 ---------------------------------------------------------------------------------------------------------------- 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 1999 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 $3.2 $2.7 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 95.6 101.2 108.0 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 20.1 19.0 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 8.6 8.9 Earned income and child 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 23.2 26.1 tax credits............. Supplemental Security 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 27.4 28.2 Income.................. 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 17.6 19.5 State Children's Health (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\3\) (\4\) 0.6 Insurance \3\........... 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 3.2 3.1 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 4.5 4.7 -------------------------------------------------------------------------------------------------------------------------- Total, means-tested 25.4 45.9 66.0 80.5 88.8 99.9 122.2 146.5 162.3 177.0 190.6 196.2 202.8 209.0 220.7 programs.............. ========================================================================================================================== Nonmeans-tested programs: Medicare................. 14.1 34.0 69.6 85.7 94.3 107.4 114.2 129.4 143.1 159.6 177.1 191.3 207.9 211.0 209.3 Social Security.......... 63.6 117.1 186.4 216.8 230.4 246.5 266.8 285.2 302.0 316.9 333.3 347.1 362.3 376.1 387.0 -------------------------------------------------------------------------------------------------------------------------- Subtotal............... 77.7 151.1 256.1 302.5 324.7 353.9 380.9 414.5 445.1 476.5 510.4 538.4 570.1 587.1 596.3 ========================================================================================================================== 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 47.1 48.5 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 31.1 31.9 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 4.6 4.9 -------------------------------------------------------------------------------------------------------------------------- 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 82.9 85.3 ========================================================================================================================== 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 19.7 21.1 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 -4.4 -5.3 Other programs: Farm price and income 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 8.5 18.0 supports................ 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 5.1 4.6 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 20.6 21.7 General revenue sharing.. 6.1 6.8 4.6 0 0 0 0 0 0 0 0 0 0 0 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 10.1 14.4 -------------------------------------------------------------------------------------------------------------------------- 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 44.3 58.7 ========================================================================================================================== Total, nonmeans-tested 144.1 245.5 382.3 424.6 460.8 527.1 580.1 569.5 574.2 606.6 627.1 660.7 693.5 729.6 756.1 programs.............. ========================================================================================================================== Total outlays.......... 169.5 291.4 448.3 505.1 549.6 627.0 702.3 716.1 736.5 783.6 817.7 856.9 896.3 938.6 976.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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 care entitlements 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] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Actual Program 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Means-tested programs ----------------------------------------------------------------------------------------------------------------------------------- Medicaid.................................................... $108 $115 $124 $134 $145 $158 $172 $188 $204 $223 $243 $264 State Children's Health Insurance........................... 1 2 3 3 3 4 4 4 4 4 4 5 Food stamps................................................. 19 19 19 20 21 22 22 23 24 25 25 26 Supplemental Security Income................................ 28 29 30 32 34 36 41 40 38 44 46 50 Family support \1\.......................................... 20 21 22 23 23 24 25 25 26 26 27 28 Veterans pensions........................................... 3 3 3 3 4 4 4 4 3 4 4 4 Child nutrition............................................. 9 9 9 10 10 11 11 12 12 13 13 14 Earned income and child tax credits \2\..................... 26 26 26 27 27 28 28 29 29 30 30 31 Student loans............................................... 3 5 5 5 5 5 5 5 5 5 5 5 Foster care................................................. 5 5 7 6 7 7 7 8 8 9 10 9 ----------------------------------------------------------------------------------------------------------------------------------- Total means-tested programs........................... 221 235 249 264 280 297 320 337 355 382 407 435 =================================================================================================================================== Nonmeans-tested programs ----------------------------------------------------------------------------------------------------------------------------------- Social Security............................................. 387 402 419 440 460 482 507 532 559 588 621 657 Medicare.................................................... 209 218 236 244 264 284 310 320 349 375 403 434 ----------------------------------------------------------------------------------------------------------------------------------- Subtotal.............................................. 596 620 656 683 725 766 816 852 908 963 1,024 1,091 =================================================================================================================================== Other retirement and disability: Federal civilian \3\................................... 49 51 53 55 58 61 63 66 69 72 76 79 Military............................................... 32 33 34 35 35 36 38 39 40 41 42 43 Other.................................................. 5 5 5 5 5 5 5 5 5 5 5 5 ----------------------------------------------------------------------------------------------------------------------------------- Subtotal.............................................. 85 88 91 95 98 102 106 110 114 118 123 127 =================================================================================================================================== Unemployment compensation................................... 21 22 23 24 27 29 31 33 35 37 38 40 Deposit insurance........................................... -5 -2 (\4\) (\4\) 1 (\4\) (\4\) (\4\) -1 -1 -1 -1 Other programs: Veterans benefits \5\.................................. 22 22 23 24 25 26 29 27 26 29 29 30 Farm price and income supports......................... 18 22 11 10 9 8 7 6 5 5 5 5 Social services........................................ 5 4 5 5 5 5 5 5 5 5 5 5 Credit liquidating accounts............................ -12 -12 -10 -9 -10 -11 -11 -11 -11 -11 -11 -10 Universal Service Fund................................. 3 4 5 5 6 11 12 12 12 12 12 12 Other.................................................. 24 13 14 16 15 14 14 14 14 14 15 15 ----------------------------------------------------------------------------------------------------------------------------------- Subtotal.............................................. 60 54 48 51 50 54 55 53 51 54 55 56 =================================================================================================================================== Total nonmeans-tested................................. 758 782 818 853 900 951 1,009 1,048 1,107 1,171 1,239 1,314 =================================================================================================================================== 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 1,748 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes Temporary Assistance for Needy Families, family support, Aid to Families with Dependent Children, Job Opportunities and Basic Skills, Contingency Fund for State welfare 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, which are considered offsetting receipts. Source: Congressional Budget Office, March 2000 baseline projections. TABLE I-7.--OUTLAYS FOR MAJOR SPENDING CATEGORIES, FISCAL YEARS 1962-99 [In billions of dollars] ---------------------------------------------------------------------------------------------------------------- Entitlements National and other Nondefense Net Offsetting Total Fiscal year defense mandatory discretionary interest receipts outlays spending spending ---------------------------------------------------------------------------------------------------------------- 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. TABLE I-8.--OUTLAYS FOR MAJOR SPENDING CATEGORIES, AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT (GDP), FISCAL YEARS 1962-99 ---------------------------------------------------------------------------------------------------------------- Entitlements National and other Nondefense Net Offsetting Total Fiscal year defense mandatory discretionary interest receipts outlays spending spending ---------------------------------------------------------------------------------------------------------------- 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. TABLE I-9.--REVENUES BY MAJOR SOURCE, FISCAL YEARS 1962-99 [In billions of dollars] -------------------------------------------------------------------------------------------------------------------------------------------------------- Estate Individual Corporate Social Excise and Customs Miscellaneous Total Fiscal year income income insurance taxes gift duties receipts revenues taxes taxes taxes taxes -------------------------------------------------------------------------------------------------------------------------------------------------------- 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. TABLE I-10.--REVENUES BY MAJOR SOURCE AS A PERCENTAGE OF GDP, FISCAL YEARS 1962-99 ---------------------------------------------------------------------------------------------------------------- Estate Individual Corporate Social Excise and Customs Miscellaneous Total Fiscal year income income insurance taxes gift duties receipts revenues taxes taxes taxes taxes ---------------------------------------------------------------------------------------------------------------- 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 REVENUES, SELECTED FISCAL YEARS 1965-99 ---------------------------------------------------------------------------------------------------------------- Revenue source 1965 1970 1975 1980 1985 1990 1995 1999 ---------------------------------------------------------------------------------------------------------------- In nominal dollars (billions) ----------------------------------------------------------------------------- Individual income taxes........... $48.8 $90.4 $122.4 $244.1 $334.5 $466.9 $590.2 $879.5 Corporate income taxes............ 25.5 32.8 40.6 64.6 61.3 93.5 157.0 184.7 Social insurance taxes............ 22.2 44.4 84.5 157.8 265.2 380.0 484.5 611.8 Excise taxes...................... 14.6 15.7 16.6 24.3 36.0 35.3 57.5 70.4 Estate and gift taxes............. 2.7 3.6 4.6 6.4 6.4 11.5 14.8 27.8 Other............................. 3.0 5.9 10.4 19.9 30.7 44.7 47.9 53.2 ----------------------------------------------------------------------------- Total....................... 116.8 192.8 279.1 517.1 734.2 1,032.0 1,351.8 1,827.5 ============================================================================= As a percentage of GDP ----------------------------------------------------------------------------- Individual income taxes........... 7.1 9.0 7.9 9.0 8.1 8.2 8.2 9.6 Corporate income taxes............ 3.7 3.3 2.6 2.4 1.5 1.6 2.2 2.0 Social insurance taxes............ 3.2 4.4 5.4 5.8 6.5 6.7 6.7 6.7 Excise taxes...................... 2.1 1.6 1.1 0.9 0.9 0.6 0.8 0.8 Estate and gift taxes............. 0.4 0.4 0.3 0.2 0.2 0.2 0.2 0.3 Other............................. 0.4 0.6 0.7 0.7 0.7 0.8 0.7 0.6 ----------------------------------------------------------------------------- Total....................... 17.0 19.1 18.0 19.0 17.9 18.2 18.8 20.0 ---------------------------------------------------------------------------------------------------------------- TABLE I-11.--FEDERAL REVENUES BY SOURCE FOR SELECTED YEARS IN NOMINAL DOLLARS AS A PERCENTAGE OF GDP AND TOTAL REVENUES, SELECTED FISCAL YEARS 1965-99--Continued ---------------------------------------------------------------------------------------------------------------- Revenue source 1965 1970 1975 1980 1985 1990 1995 1999 ---------------------------------------------------------------------------------------------------------------- As a percentage of revenues ----------------------------------------------------------------------------- Individual income taxes........... 41.8 46.9 43.9 47.2 45.6 45.2 43.7 48.1 Corporate income taxes............ 21.8 17.0 14.6 12.5 8.4 9.1 11.6 10.1 Social insurance taxes............ 19.0 23.0 30.3 30.5 36.1 36.8 35.8 33.5 Excise taxes...................... 12.5 8.1 5.9 4.7 4.9 3.4 4.3 3.8 Estate and gift taxes............. 2.3 1.9 1.7 1.2 0.9 1.1 1.1 1.5 Other............................. 2.6 3.0 3.7 3.9 4.2 4.3 3.5 2.9 ----------------------------------------------------------------------------- Total....................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 ---------------------------------------------------------------------------------------------------------------- Source: Congressional Budget Office. TABLE I-12.--CONGRESSIONAL BUDGET OFFICE BASELINE REVENUE PROJECTIONS BY SOURCE AND AS A PERCENTAGE OF GDP, FISCAL YEARS 1999-2010 [In billions of dollars] -------------------------------------------------------------------------------------------------------------------------------------------------------- Actual Revenue source 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -------------------------------------------------------------------------------------------------------------------------------------------------------- Projections ----------------------------------------------------------------------------------------------------------- Individual income taxes..................... $879 $945 $986 $1,026 $1,068 $1,112 $1,162 $1,217 $1,275 $1,339 $1,407 $1,480 Corporate income taxes...................... 185 189 189 187 190 194 200 208 216 225 233 242 Social insurance taxes...................... 612 653 684 714 742 770 808 842 878 913 954 998 Excise taxes................................ 70 68 71 73 75 77 79 81 84 86 89 91 Estate and gift taxes....................... 28 30 32 33 35 36 37 38 40 42 45 48 Customs duties.............................. 18 19 20 22 23 25 26 27 28 29 30 31 Miscellaneous receipts...................... 35 40 36 41 44 49 50 52 51 53 55 57 ----------------------------------------------------------------------------------------------------------- Total................................. 1,827 1,945 2,016 2,096 2,177 2,263 2,361 2,465 2,572 2,686 2,813 2,946 =========================================================================================================== 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 10 Corporate income taxes...................... 2 2 1.9 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.6 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 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 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 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 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 0.4 ----------------------------------------------------------------------------------------------------------- Total................................. 20 20.3 20.1 20 19.9 19.8 19.8 19.8 19.8 19.8 19.8 19.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- Source: Congressional Budget Office. TABLE I-13.--REVENUES, OUTLAYS, DEFICITS, AND SURPLUSES, FISCAL YEARS 1962-99 [In billions of dollars] ---------------------------------------------------------------------------------------------------------------- Deficit (-) or surplus ----------------------------- Fiscal year Revenues Outlays Social Postal Onbudget Security 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. TABLE I-14.--REVENUES, OUTLAYS, DEFICITS, AND SURPLUSES, AS A PERCENTAGE OF GDP, FISCAL YEARS 1962-99 ---------------------------------------------------------------------------------------------------------------- Deficit (-) or surplus ----------------------------- Fiscal year Revenues Outlays Social Postal Onbudget Security 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] -------------------------------------------------------------------------------------------------------------------------------------------------------- Total deficit Federal debt, end of year ------------------------------------------------------------------------------------------- Gross Held by government Held by the public Fiscal year ----------------------- accounts ---------------------- Amount Percentage ----------------------- of GDP Anount Percentage Percentage Anount Percentage of GDP Anount of GDP of GDP -------------------------------------------------------------------------------------------------------------------------------------------------------- 1955........................................................ -$3.0 -0.8 $274.4 69.4 $47.8 12.1 $226.6 57.3 1960........................................................ 0.3 0.1 290.5 55.9 53.7 10.3 236.8 45.6 1965........................................................ -1.4 -0.2 322.3 46.8 61.5 8.9 260.8 37.9 1970........................................................ -2.8 -0.3 380.9 37.6 97.7 9.6 283.2 27.9 1971........................................................ -23.0 -2.1 408.2 37.7 105.1 9.7 303.0 28.0 1972........................................................ -23.4 -2.0 435.9 37.0 113.6 9.6 322.4 27.4 1973........................................................ -14.9 -1.1 466.3 35.5 125.4 9.5 340.9 26.0 1974........................................................ -6.1 -0.4 483.9 33.6 140.2 9.7 343.7 23.8 1975........................................................ -53.2 -3.4 541.9 34.8 147.2 9.4 394.7 25.3 1976........................................................ -73.7 -4.2 629.0 36.2 151.6 8.7 477.4 27.5 Transitional quarter........................................ -14.7 -3.2 643.6 35.0 148.1 8.1 495.5 27.0 1977........................................................ -53.7 -2.7 706.4 35.8 157.3 8.0 549.1 27.8 1978........................................................ -59.2 -2.7 776.6 35.0 169.5 7.6 607.1 27.4 1979........................................................ -40.7 -1.6 829.5 33.1 189.2 7.6 640.3 25.6 1980........................................................ -73.8 -2.7 909.1 33.3 197.1 7.2 711.9 26.1 1981........................................................ -79.0 -2.6 994.8 32.5 205.4 6.7 789.4 25.8 1982........................................................ -128.0 -4.0 1,137.3 35.2 212.7 6.6 924.6 28.6 1983........................................................ -207.8 -6.0 1,371.7 39.9 234.4 6.8 1,137.3 33.0 1984........................................................ -185.4 -4.8 1,564.7 40.7 257.6 6.7 1,307.0 34.0 1985........................................................ -212.3 -5.1 1,817.5 43.9 310.2 7.5 1,507.4 36.4 1986........................................................ -221.2 -5.0 2,120.6 48.2 379.9 8.6 1,740.8 39.6 1987........................................................ -149.8 -3.2 2,346.1 50.4 456.2 9.8 1,889.9 40.6 1988........................................................ -155.2 -3.1 2,601.3 51.9 549.5 11.0 2,051.8 40.9 1989........................................................ -152.5 -2.8 2,868.0 53.0 677.1 12.5 2,191.0 40.5 1990........................................................ -221.2 -3.9 3,206.6 55.9 794.7 13.8 2,411.8 42.0 1991........................................................ -269.4 -4.5 3,598.5 60.7 909.2 15.3 2,689.3 45.4 1992........................................................ -290.4 -4.7 4,002.1 64.3 1,002.1 16.1 3,000.1 48.2 1993........................................................ -255.1 -3.9 4,351.4 66.3 1,102.6 16.8 3,248.8 49.5 1994........................................................ -203.3 -2.9 4,643.7 66.8 1,210.2 17.4 3,433.4 49.4 1995........................................................ -164.0 -2.2 4,921.0 67.2 1,316.2 18.0 3,604.8 49.2 1996........................................................ -107.5 -1.4 5,181.9 67.3 1,447.4 18.8 3,734.5 48.5 1997........................................................ -22.0 -0.3 5,369.7 65.6 1,596.9 19.5 3,772.8 46.1 1998........................................................ 69.2 0.8 5,478.7 63.4 1,757.1 20.3 3,721.6 43.1 1999........................................................ 124.4 1.4 5,606.1 61.5 1,973.2 21.6 3,632.9 39.9 2000 \1\.................................................... 166.7 1.7 5,686.3 59.4 2,110.5 23.1 3,475.9 36.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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 -------------------------------------------------------------------------------------------------------------------------------------------------------- Fiscal year Source Actual -------------------------------------------------------------------------------------------------- 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -------------------------------------------------------------------------------------------------------------------------------------------------------- Net interest outlays (billions of dollars) ----------------------------------------------------------------------------------------------------------- Interest on public debt (gross interest) \1\ $354 $363 $371 $374 $372 $369 $366 $363 $359 $355 $354 $362 Interest received by trust funds: Social Security........................ -52 -60 -70 -80 -91 -102 -113 -125 -138 -152 -167 -182 Other trust funds \2\.................. -67 -71 -75 -79 -82 -84 -87 -90 -93 -97 -100 -104 ----------------------------------------------------------------------------------------------------------- Subtotal.............................. -119 -131 -144 -159 -173 -186 -200 -215 -231 -249 -267 -286 =========================================================================================================== Other interest \3\.......................... -5 -8 -8 -7 -6 -7 -8 -8 -8 -8 -9 -9 ----------------------------------------------------------------------------------------------------------- Total (net interest).................. 230 224 218 209 193 176 159 140 120 98 78 67 =========================================================================================================== 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 6,309 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 3,317 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 2,051 ----------------------------------------------------------------------------------------------------------- Subtotal.............................. 1,973 2,209 2,449 2,719 2,999 3,290 3,596 3,924 4,265 4,626 4,991 5,368 =========================================================================================================== 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 1,016 941 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 5,686 ----------------------------------------------------------------------------------------------------------- Federal debt as a percentage of gross domestic product (GDP) ----------------------------------------------------------------------------------------------------------- Debt held by the public as a percentage of 39.9 36 32.7 29.3 26.1 22.9 19.8 16.3 12.8 9.3 7.2 6.3 GDP........................................ -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Excludes interest costs of debt issued by agencies other than the Treasury (primarily the Tennessee Valley Authority). \2\ Mainly 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 $5,950 billion. 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 1999 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Social Security............................................. -$5 (\1\) $9 $20 $52 $58 $54 $51 $47 $57 $60 $66 $81 $99 $125 Medicare.................................................... 3 $6 4 9 22 15 15 14 10 1 -7 9 -1 7 26 Military Retirement......................................... ...... ....... 12 14 14 12 13 12 10 8 7 5 8 7 6 Civilian Retirement \2\..................................... 11 14 18 18 20 22 24 26 28 28 28 28 30 30 31 Unemployment................................................ -1 -1 5 7 7 6 -3 -12 1 3 8 6 8 9 7 Highway and Airport......................................... -2 1 2 2 4 2 4 2 -1 -5 -1 (\1\) (\1\) 7 13 Other \3\................................................... 1 2 5 3 4 5 6 4 6 4 4 1 0 2 4 ----------------------------------------------------------------------------------------------------------------------------------- Total trust fund surplus.................................. 7 23 54 73 124 120 112 96 100 95 99 115 126 161 213 =================================================================================================================================== Federal funds deficit (-) or surplus...................... -86 -231 -267 -222 -276 -342 -381 -386 -355 -299 -263 -222 -148 -92 -88 Overall deficit (-) or surplus............................ -79 -208 -212 -150 -153 -221 -270 -290 -255 -203 -164 -107 -22 69 124 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \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 Federal Deposit 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] -------------------------------------------------------------------------------------------------------------------------------------------------------- Actual Trust fund 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -------------------------------------------------------------------------------------------------------------------------------------------------------- Social Security \1\......................... $125 $154 $166 $182 $196 $209 $225 $238 $253 $266 $280 $293 Medicare \2\................................ 26 25 17 28 28 26 23 30 27 23 20 16 Military Retirement......................... 7 8 8 8 9 10 10 11 12 13 13 14 Civilian Retirement \3\..................... 31 31 33 33 33 33 34 34 34 34 34 35 Unemployment................................ 7 8 9 8 5 2 2 2 1 10 1 2 Highway and Mass Transit.................... 10 3 2 2 3 3 3 4 4 5 6 6 Airport and Airway.......................... 3 1 0 1 1 1 2 2 3 4 4 5 Other \4\................................... 3 3 4 3 3 3 3 3 3 3 3 3 ----------------------------------------------------------------------------------------------------------- Total trust fund surplus \5\............ 213 233 239 266 278 287 302 324 337 358 361 373 =========================================================================================================== Federal funds deficit (-) or surplus -88 -54 -58 -55 -47 -37 -29 6 36 46 88 122 \5\.................................... ----------------------------------------------------------------------------------------------------------- Total deficit (-) or surplus \6\........ 124 179 181 212 231 250 273 330 374 404 449 495 =========================================================================================================== Memorandum: Net transfers from the General 272 290 305 332 360 383 411 436 470 501 535 572 Fund to trust funds........................ -------------------------------------------------------------------------------------------------------------------------------------------------------- \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. TABLE I-19.--CONGRESSIONAL BUDGET OFFICE BASELINE AND ADMINISTRATION PROJECTIONS, CALENDAR YEARS 2000-2005 ------------------------------------------------------------------------ Forecast Projected Projection category Actual ----------------------------------- 1999 2000 2001 2002 2003 2004 2005 ------------------------------------------------------------------------ Real GDP (percentage change, year over year): Congressional Budget 4.0 3.3 3.1 2.8 2.6 2.6 2.7 Office................. 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 1.4 1.6 1.6 1.7 1.7 1.7 1.7 Office................. 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 2.2 2.5 2.4 2.5 2.5 2.5 2.5 Office................. Administration.......... 2.2 2.6 2.4 2.6 2.6 2.6 2.6 Civilian unemployment rate (percent): Congressional Budget 4.2 4.1 4.2 4.4 4.7 4.8 5.0 Office................. Administration.......... 4.2 4.2 4.5 4.9 5.2 5.2 5.2 Three-month Treasury bill rate (percent): Congressional Budget 4.6 5.4 5.6 5.3 4.9 4.8 4.8 Office................. Administration.......... 4.6 5.2 5.2 5.2 5.2 5.2 5.2 Ten-year Treasury note rate (percent): Congressional Budget 5.6 6.3 6.4 6.1 5.8 5.7 5.7 Office................. 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. 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............................................ 0 0 0 0 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. TABLE I-21.--PRICE LEVELS, 1970-2005 -------------------------------------------------------------------------------------------------------------------------------------------------------- Chain- type All CPI-U Year GDP items fiscal Food and Housing Medical CPI-U-RS \2\ CPI-U-RS \2\ price (CPI-U) year beverage \1\ care fiscal year index -------------------------------------------------------------------------------------------------------------------------------------------------------- 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. 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.