Table 9. BUDGET FINANCING AND OUTSTANDING DEBT (In millions of dollars) BUDGET FINANCING Budget surplus or deficit (-). Total deficit (-)------- Decrease or increase (-) in cash and monetary assets -- Checks outstanding, etc.... Deposit fund balances.. Seigniorage on coins.--- Total, means of financing other than borrowing from the public.-- Total requirements for borrowing from the public.--Change in debt held by the public.- Debt issued by Treasury-- 20 20 20 20 limit2 Total debt subject to statutory limitation : 635, 822 699,963 777, 926 867, 547 ! Includes military payment certificates, accrued interest (less una mortized discount) on Treasury debt, and as offset certain collections in transit. ? Almost entirely District of Columbia stadium bonds. See Special Analysis E for further explanation. 3 The statutory debt limit is permanently established at $400 billion. Public Law 95-120 temporarily increased the statutory debt limit to $752 billion through Mar. 31. 1978, Legislation is required to change the limitation Table 10. BUDGET RECEIPTS BY SOURCE (in millions of dollars) Total contributions for other insurance and retirement.. 5, 167 5,716 5,958 108, 688 124, 122 141, 889 Excise taxes: Distilled spirits. 3,793 18 20 3,835 20 21 -114 3,878 1,503 21 181 21 -116 Total alcohol taxes... 5, 295 5, 390 5,488 See footnotes at end of table. Table 10. BUDGET RECEIPTS BY SOURCE (in millions of dollars)—Continued Source 1977 1978 1979 actual estimate estimate Excise taxes—Continued Tobacco taxes: Cigarettes---------------------------------------- 2,358 2,413 2,471 Cigars-------------------------------------------- 37 36 34 Cigarette papers and tubes-------------------------- | I I Other-------------------------------------------- 2 2 3 Refunds------------------------------------------ —5 —5 –6 Total tobacco taxes------------------------------ 2,393 2,447 2,503 Manufacturers' excise taxes: Gasoline------------------------------------------ 33 34 35 Firearms, shells, and cartridges---------------------- 55 60 66 Fishing rods, creels, etc.---------------------------- 25 28 32 Pistols and revolvers------------------------------- 13 15 17 Bows and arrows---------------------------------- 4 5 5 Other-------------------------------------------- –3 --------- --------Proposed legislation-------------------------------- --------- 150 500 Refunds------------------------------------------ —16 —12 —12 Proposed legislation------------------------------ ------------------ 3 Total manufacturers' excise taxes---------------- 112 280 646 Miscellaneous excise taxes: General and toll telephone and teletype service-------- 1,709 1,503 1,310 Proposed legislation------------------------------ --------- --------- –955 Wagering taxes, including occupational taxes---------- 7 7 8 Coin-operated gaming devices----------------------- 7 7 7 Employee pension plans---------------------------- 2 2 2 Tax on foundations-------------------------------- 81 80 79 Foreign insurance policies-------------------------- 39 46 53 Other-------------------------------------------- | l l Proposed legislation-------------------------------- --------- 1,700 7,874 Refunds--------------------- --------------------- —15 —16 – 17 Proposed legislation------------------------------ --------- —12 –318 Total miscellaneous excise taxes----------------- 1,831 3,318 8,044 Retailers' excise taxes: Other-------------------------------------------- * -----------------Proposed legislation------------------------------ --------- 22 47 Total retailer's excise taxes--------------------- --------- 22 47 tions--------------------------------------------- 17 200 50 Total Federal fund excise taxes--------------------- 9,648 11,657 16,778 See footnotes at end of table. Table 10. BUDGET RECEIPTS BY SOURCE (in millions of dollars)—Continued Miscellaneous receipts: 3 Miscellaneous taxes... Proposed legislation -- Immigration, passport, and consular fees. Proposed legislation - services. See footnotes at end of table. Table 10. BUDGET RECEIPTS BY SOURCE (in millions of dollars)—Continued Source 1977 actual 1978 estimate 1979 estimate Fines, penalties, and forfeitures.. 2 31 3 33 3 32 Total miscellaneous receipts.---- 6,531 6,928 7, 203 Total budget receipts -- 356, 861 400, 387 439, 588 MEMORANDUM 240, 412 267, 889 289, 095 152, 763 168, 490 187, 991 -36, 313–35,992 -37, 497 *$500 thousand or less. 1 Deposits by States are State payroll taxes that cover the benefit part of the program. Federa! unemployment tax receipts cover administrative costs at both the Federal and State level. Railroad unemployment tax receipts cover both the benefits and administrative costs of the program for the railroads. • Represents employer and employee contributions to the civil service retirement and disability fund for covered employees of Government-sponsored, privately owned enterprises and the District of Columbia municipal government. 3 Includes both Federal and trust funds. Trust fund amounts in miscellaneous receipts are: 1977. $42 million; 1978, $48 million; and 1979, $48 million. Note.-Estimates for 1978 and 1979 include effects of proposed legislation. |