Table 17. BUDGET OUTLAYS BY FUNCTION, 1969–1979 (in millions of dollars)-Continued Actual 51 484 477 213 -80 394 62 51 60 1, 447 8,054 7,211 1,770 8,693 11,514 12,538 184,548 196,588 211, 425 232,021 247, 134 271, 067 334, 145 372, 854 96,427 410,594 473,748 512,712 Function 1969 1970 1971 1972 1973 270 Energy: Total energy 372 Postal Service..--- Total commerce and housing credit.- Total transportation Total community and regional devel opment. 600 Income security: 601 General retirement and disability insur ance. Total income security Total outlays of off-budget Federal entities Total outlays including off-budget Federal entities *$500 thousand or less. 1 Includes allowances for civilian and military pay raises for Department of Defense. 2 Off-budget entities begin in 1973. Table 18. FEDERAL TRANSACTIONS IN THE NATIONAL INCOME ACCOUNTS, 1968–79 (in billions of dollars) 71.4 90.0 93.6 87.5 100.3 107.3 122.6 127.3 137.2 165.5 185.5 195.6 160.0 190. 1 194.9 192.5 213.5 240.5 271.8 283.6 314.1 364.0 410.8 451.4 95.0 98.0 50.9 97.0 94.8 70.1 100.9 101.7 104.6 117.9 126.5 140.7 158.4 171.6 78.9 89.7 104.7 134.2 156.8 169.7 184.2 201.8 Description 1968 RECEIPTS, NATIONAL INCOME BASIS Total receipts, national income basis. INCOME BASIS Defense -- Nondefense... Domestic ("to persons"). Foreign- enterprises... Total expenditures, national income basis. Excess of receipts (+) or expenditures (-), national income basis. Note.- Excludes the transition quarter. .1 1.4 8.0 * .1 .6 211.4 232.0 247.1 271.1 334. 1 20.7 20.9 20.0 19.9 23.0 409.5 437.3 468.4 486.2 544.1 40.2 304.3 39.4 323.8 29.9 29.2 27.7 25.5 27.3 7.2 8.7 11.5 12.5 .4 .5 .6 .6 372.9 410.6 473.7 512.7 22.9 631.9 38.9 22.3 709.1 38.6 23.2 785.6 38.4 22.5 873.7 38.4 480.3 29.5 551.8 30.0 617.8 30.2 690.8 30.4 Table 19. FEDERAL FINANCES AND THE GROSS NATIONAL PRODUCT, 1958–1979 (dollar amounts in billions) Budget receipts 1 Percent Fiscal year Outlays 1 2 Federal debt, end of year Held by the Total public of GNP 1958 442.1 79.6 18.0 82.6 18.7 82.6 18.7 279.7 63.3 226.4 51.2 1961. 508.3 94.4 18.6 97.8 19.2 97.8 19.2 292.9 57.6 238.6 46.9 1966. 721.1 130.9 18.1 134.7 18.7 134.7 18.7 329.5 45.7 264.7 36.7 1971. 1,019.3 188.4 18.5 211.4 20.7 1976 18.4 365.6 22.5 *0.05% or less. The amounts of earned income credit in excess of tax liabilities are shown as negative budget receipts rather than as budget outlays. Accordingly, the budget totals have been adjusted retroactively. 2 The 1975–1977 data have been revised retroactively to include the housing for the elderly or handicapped fund in the unified budget instead of with the offbudget Federal entities. Note.-Exchange stabilization fund ineluded from 1976. 10FC 1OTO 1956. 70.5 39.7 30.7 13.8 5.1 11.8 133.0 72.9 60.1 21.2 16.9 22.0 46.1 1961. 97.8 46.6 51.2 25.9 6.7 18.6 157.1 74.8 82.2 35.8 16.2 30.2 1966. 134.7 54.9 79.8 34.3 9.4 36.1 187.9 76.3 111.6 44.2 16.5 50.9 1971. 211.4 75.8 135.6 74.6 14.8 46.2 223.0 81.2 141.8 77.2 15.2 49.3 1976. 365.6 94.7 89.4 276.2 72.4 166.6 42.7 26.8 7.0 82.9 265.8 66.7 65.5 200.3 50.8 123.6 30.6 16.4 4.1 60.4 Table 21. BUDGET RECEIPTS AND OUTLAYS, 1789–1979 (in millions of dollars) -1, 170 1789-1849. 1850-1900 1901-1905. 1906–1910 1911-1915. 1916-19201921.. 1922 1923 1924. 1925. 1926. 1927 1928. 1929. 1930. 1931. 1932 1933. 1934. 1935. 1936. 1937 1938. 1939. .1940. 1941. 1942 1943. 1944 1945. 1946 1947. 1,160 1,090 +70 | 1948 14, 462 15, 453 -991 1949 2,797 2,678 1950 +119 1954. +509 1955 +736 3,853 3, 140 1956. +713 3,871 2, 908 1957. +963 3, 641 2, 924 1958. +717 3,795 2, 930 1959. +865 4,013 2,857 +1, 155 1960. 3,900 2,961 +939 1961. 3,862 3, 127 +734 1962 4,058 3, 320 +738 1963. 3,116 3,577 -462 1964. 1, 924 4, 659 1965. -2, 735 1,997 1966. 4, 598 -2,602 3,015 1967 6,645 -3,630 3,706 1968 6,497 -2,791 3,997 8, 422 -4, 425 1969. 4,956 7,733 -2,777 1970. 5, 588 6,765 -1,177 1971. 4,979 8, 841 -3,862 | 1972 6, 361 9,456 -3,095 | 1973. 8,621 13,634 -5,013 1974. 14, 350 1975. 35, 114 -20, 764 23,64978, 533 -54, 884 1976. 44,276 91,280 –47,004 TQ-45, 216 92,690 –47, 474 1977. 39,327 55, 183 -15,856 1978 est. 38, 394 34, 532 +3,862 | 1979 est. 41, 774 29, 773 +12,001 -3,041 74,547 70, 460 +4,087 79,990 76,741 +3,249 79,636 82, 575 -2, 939 79, 249 92, 104 -12,855 92, 492 92, 223 +269 94,38997, 795 -3,406 99, 676 106, 813 -7,137 106,560 111,311 -4, 751 112,662 118,584 -5, 922 116, 833 118, 430 - 1,596 130, 856 134,652 -3,796 149, 552 158, 254 -8, 702 153,671 178,833 -25, 161 187, 784 184,548 +3,236 193,743 196, 588 -2, 845 188, 392 211, 425 -23,033 208, 649 232, 021 -23, 373 232, 225 247,074 -14,849 264,932 269,620 -4, 688 280, 997 326,092 -45,095 299, 197 365, 643 -66, 446 81,687 94,657 -12, 970 356, 861 401, 902 —45, 040 400, 387 462, 234 -61, 847 439, 588 500, 174 -60,586 *$500 thousand or less. Notes.-Certain interfund transactions are excluded from receipts and outlays starting in 1932. For years prior to 1932 the amounts of such transactions are not significant. Refunds of receipts are excluded from receipts and outlays starting in 1913; comparable data are not available for prior years. Data for 1789–1939 are for the administrative budget: 1940–1979 are for the unified budget. In calendar year 1976, the Federal fiscal year was converted from a July 1-June 30 basis to an Oct. 1-Sept. 30 basis. The TQ refers to the transition quarter from July 1 to Sept. 30, 1976. Off-budget Federal entity outlays begin in 1973. The amounts of earned income credit in excess of tax liabilities are shown as negative budget receipts rather than as budget outlays. Accordingly, the budget totals have been adjusted retroactively. The 1975-77 data have been revised retroactively to include the housing for the elderly or handicapped fund in the unified budget instead of with the off-budget Federal entities. |