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Table 9. BUDGET FINANCING AND OUTSTANDING DEBT

(In millions of dollars) BUDGET FINANCING

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Budget surplus or deficit (-).
Deficit (-), off-budget Federal entities.

Total deficit (-)-------
Means of financing other than borrowing from the public:

Decrease or increase (-) in cash and monetary assets --
Increase or decrease (-) in liabilities for:

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.-

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Debt issued by Treasury--
Treasury debt not subject to limitation..
Agency debt subject to limitation.-
Notes not part of Federal debt but included in debt

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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)

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Total contributions for other insurance and retirement..
Total social insurance taxes and contributions ---

5, 167

5,716

5,958

108, 688

124, 122

141, 889

Excise taxes:
Federal Funds:
Alcohol taxes:

Distilled spirits.
Beer...
Rectification tax.
Wines.-
Special taxes in connection with liquor occupations.--
Refunds..

3,793
1, 396

18
180

20
-112

3,835
1, 448

20
180

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
Federal Funds—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

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Miscellaneous receipts: 3

Miscellaneous taxes...
Deposit of earnings, Federal Reserve System

Proposed legislation --
Fees for permits and regulatory and judicial services:

Immigration, passport, and consular fees.
Patent and copyright fees -
Registration and filing fees.
Import fees on crude oil and petroleum products..
Miscellaneous fees for permits, licenses, etc.
Miscellaneous fees for regulatory and judicial services.

Proposed legislation -
Fees for legal and judicial services.
Total fees for permits and regulatory and judicial

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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..
War reparations and recoveries under military occupation....
Gifts and contributions---
Refunds...

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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
Federal funds
Trust funds
Interfund transactions....

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.

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