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Table 17. BUDGET OUTLAYS BY FUNCTION, 1969–1979 (in millions of dollars)-Continued

Actual

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51

484

477

213

-80

394

62

51

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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:
271 Energy supply

Total energy
370 Commerce and housing credit:

372 Postal Service..---
374 Federal Financing Bank-

Total commerce and housing credit.-
400 Transportation:
401 Ground transportation-

Total transportation
450 Community and regional development:
452 Area and regional development

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)

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71.4
33.2
17.1
38.4

90.0
37.0
18.6
44.5

93.6
33.0
19.2
49.2

87.5
32.0
20.0
52.9

100.3
34.2
19.9
59.1

107.3
41.0
20.7
71.5

122.6
43.7
21.4
84.2

127.3
42.1
22.1
92.1

137.2
52.2
24.2
100.5

165.5
57.4
24.6
116.5

185.5
63. 1
28.5
133.7

195.6
69.7
34.8
151.3

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
(74.9) (76.1)
(20.1) (21.9)
44.8

50.9
(42.7) (48.7)
(2.1) (2.2)
17.8 19.2
10.5 12.1

97.0
(75.3)
(21.7)
57.0
(55.0)
(2.0)
22.6
13.6

94.8
(72.1)
(22.7)

70.1
(67.7)
(2.3)
26.8
14.2

100.9 101.7 104.6 117.9 126.5 140.7 158.4 171.6
(72.5) (73.3) (74.1) (80.3) (85.8) (92.0) (99.8) (108.1)
(28.4) (28.4) (30.5) (37.6) (40.7) (48.7) (58.6) (63.5)

78.9 89.7 104.7 134.2 156.8 169.7 184.2 201.8
(76.1) (87.1) (101.7) (131.1) (153.9) (166.5) (180.7) (198.0)
(2.8) (2.7) (3.0) (3.1) (3.0) (3.2) (3.5) (3.8)
32.6 40.4 41.6 48.4 57.5 66.0 77.0 81.6
14.1 15.9 19.8 21.9 25.4 29.3 34.5 39.8

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Description

1968

RECEIPTS, NATIONAL INCOME BASIS
Personal taxes and nontax receipts -
Corporate profits tax accruals.
Indirect business tax and nontax accruals.
Contributions for social insurance

Total receipts, national income basis.
EXPENDITURES, NATIONAL

INCOME BASIS
Purchases of goods and services.

Defense --

Nondefense...
Transfer payments.

Domestic ("to persons").

Foreign-
Grants-in-aid to State and local governments -
Net interest paid.
Sudsidies less current surplus of Government

enterprises...
Wage disbursements less accruals

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
37.9 343.0
35.8 346.1
37.4 396.9

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
Gross
national

Percent
product Amount of GNP

Fiscal year

Outlays 1 2

Federal debt, end of year
Off-budget

Held by the
Unified budget Federal entities

Total
Total

public
Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent
of GNP
of GNP
of GNP
of GNP

of GNP

1958
1959.
1960.

442.1
473.3
497.3

79.6
79.2
92.5

18.0
16.7
18.6

82.6
92.1
92.2

18.7
19.5
18.5

82.6
92.1
92.2

18.7
19.5
18.5

279.7
287.8
290.9

63.3 226.4
60.8 235.0
58.5 237.2

51.2
49.7
47.7

1961.
1962.
1963
1964.
1965.

508.3 94.4
546.9 99.7
576.3 106.6
616.2 112.7
657.1 116.8

18.6 97.8
18.2 106.8
18.5 111.3
18.3 118.6
17.8 118.4

19.2
19.5
19.3
19.2
18.0

97.8
106.8
111.3
118.6
118.4

19.2 292.9
19.5 303.3
19.3 310.8
19.2 316.8
18.0 323.2

57.6 238.6
55.5 248.4
53.9254.5
51.4 257.6
49.2 261.6

46.9
45.4
44.2
41.8
39.8

1966.
1967
1968.
1969.
1970.

721.1 130.9
774.4 149.6
829.9 153.7
903.7 187.8
959.0 193.7

18.1
19.3
18.5
20.8
20.2

134.7
158.3
178.8
184.5
196.6

18.7
20.4
21.5
20.4
20.5

134.7
158.3
178.8
184.5
196.6

18.7
20.4
21.5
20.4
20.5

329.5
341.3
369.8
367.1
382.6

45.7 264.7
44.1 267.5
44.6 290.6
40.6 279.5
39.9 284.9

36.7
34.5
35.0
30.9
29.7

1971.
1972.
1973.
1974.
1975.

1,019.3 188.4
1, 110.5 208.6
1, 237.5 232.2
1, 359.2 264.9
1,454.6 281.0
1,625.4 299.2
1,838.0 356.9
2,043.2 400.4
2, 274.6 439.6

18.5 211.4
18.8 232.0
18.8 247.1
19.5 269.6
19.3 326.1

20.7
20.9
20.0
19.8
22.4

1976
1977.
1978 estimate..
1979 estimate

18.4
19.4
19.6
19.3

365.6
401.9
462.2
500.2

22.5
21.9
22.6
22.0

*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

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1956.
1957.
1958
1959.
1960.

70.5
76.7
82.6
92.1
92.2

39.7
42.4
43.7
46.0
45.2

30.7
34.3
38.9

13.8
15.6
19.4
21.2
22.9

5.1
5.4
5.6
5.8
6.9

11.8
13.4
13.8
19.2
17.2

133.0
137.2
141.9
153.9
150.8

72.9
74.2
74.0
75.3
73.8

60.1
63.0
67.9
78.6
77.0

21.2
23.2
28.0
30.1
32. 1

16.9
16.1
16.2
16.5
16.3

22.0
23.6
23.7
32.1
28.6

46.1
47.1

1961.
1962
1963.
1964
1965.

97.8
106.8
111.3
118.6
118.4

46.6
49.0
50.1
51.5
47.5

51.2
57.8
61.2
67.1
71.0

25.9
27.1
28.7
29.8
30.5

6.7
6.9
7.7
8.2
8.6

18.6
23.8
24.8
29.1
31.9

157.1
168.7
170.7
177.4
173.3

74.8
77.2
76.8
77.0
69.3

82.2
91.5
93.9
100.4
104.0

35.8
37. 1
38.8
39.7
40.1

16.2
16.7
16.8
16.8
16.7

30.2
37.8
38.3
43.9
47.2

1966.
1967.
1968.
1969.
1970.

134.7
158.3
178.8
184.5.
196.6

54.9
68.2
78.8
79.4
78.6

79.8
90.0
100.1
105.1
118.0

34.3
40.1
46.0
52.8
59.8

9.4
10.3
11.1
12.7
14.4

36.1
39.7
43.0
39.6
43.9

187.9
212.1
229.5
223.1
220.8

76.3
92.0
101.4
97.9
90.3

111.6
120.1
128.1
125.3
130.5

44.2
50.1
55.6
60.9
65.1

16.5 50.9
16.1 53.9
16.9 55.6
15.5 48.8
15.0 50.4

1971.
1972.
1973.
1974.
1975.

211.4
232.0
247.1
269.6
326.1

75.8
76.6
74.5
77.8
85.6

135.6
155.5
172.5
191.9
240.5

74.6
85.3
95.9
111.1
142.7

14.8
15.5
17.4
21.5
23.3

46.2
54.7
59.2
59.3
74.6

223.0
232.0
233.2
231.9
253.4

81.2
76.5
70.0
67.9
67.1

141.8
155.5
163.2
164.0
186.2

77.2
85.3
92.2
98.0
113.3

15.2
15.5
15.4
14.4
14.6

49.3
54.7
55.6
51.5
58.3

1976.
TQ-
1977
1978 estimate.
1979 estimate

365.6

94.7
401.9
462.2
500.2

89.4
22.3
97.5
107.6
117.8

276.2

72.4
304.4
354.6
382.4

166.6

42.7
181.7
196.9
214.5

26.8

7.0
30.0
35.2
39.9

82.9
22.7
92.7
122.4
128.0

265.8

66.7
277.0
293.0
296.6

65.5
15.9
66.5
68.9
70.3

200.3

50.8
205.5
224.1
226.3

123.6

30.6
125.4
128. 2
131.6

16.4

4.1
17.4
18.2
18.9

60.4
16.1
62.7
77.7
75.8

Table 21. BUDGET RECEIPTS AND OUTLAYS, 1789–1979 (in millions of dollars)

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-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
3, 143 3, 196 -52 1951.
3,517 3,568 -49 1952
17, 286 40,195 -22, 909 1953.
5,571 5,062

1954.

+509
4,026
3, 289

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
39,437 38,834 +603
39, 485 42, 597 -3,112
51, 646 45,546 +6, 100
66, 204 67,721 -1,517
69, 574 76, 107 -6,533
69, 719 70, 890
65, 469 68,509

-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

[blocks in formation]

*$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.

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