ECONOMIC

GOVERNMENT FINANCETABLE B-68.—Federal budget receipts, outlays, and debt, fiscal years 1968-78[Millions of dollars; fiscal years]DescriptionActual1968 1969 1970 1971 1972 1973BUDGET RECEIPTS AND OUTLAYS:Total receipts153,671187,784193,743188, 392208,649232, 225Federal fundsTrust fundsInterfund transactions.114,72644,716-5,771143,32152, 009-7, 547143,15859,362-8,778133,78566,193-11,586148,84672, 959-13,156161,35792,193-21,325Total outlays.178,833184,548196,588211,425232,021247,074Federal fundsTrust fundsInterfund transactions143,10541,499-5,771148,81143, 284-7, 547156,30149,065-8,778163,65159,361-11,586178,10467,073-13,156186,95181, 447-21,325Total surplus or deficit (—).-25,1613,236-2,845-23,033-23,372-14,849Federal funds..Trust funds...-28, 3793,217-5,4908,725-13,14310, 297-29, 8666,832-29, 2585,886-25, 59410,746OUTSTANDING DEBT, END OF YEAR:Gross Federal debt369,769367,144382,603409,467437,329468,426Held by Government agencies..Held by the public79,140290,62987,661279, 48397,723284,880105,140304,328113,559323, 770125, 381343,045Federal Reserve System-Others52, 230238, 39954, 095225, 38857,714227,16665,518238,81071,426252,34475,182267,863BUDGET RECEIPTS.153,671187,784193,743188, 392208,649232,225Individual income taxesCorporation income taxesSocial insurance taxes and contributions...Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:Deposit of earnings by Federal ReserveSystemAllother68,72628, 66534,62214,0793,0512,0382,09140087, 24936, 67839, 91815, 2223,4912,3192,66224790,41232,82945,29815,7053,6442,4303,26615886, 23026,78548,57816,6143,7352,5913,53332594,73732,16653,91415,4775,4363,2873,252381103, 24636,15364,54216, 2604,9173,1883,495426BUDGET OUTLAYS.178,833184, 548196, 588211,425232,021247,074National defenseInternational affairsGeneral science, space, and technologyNatural resources, environment, and energy.AgricultureCommerce and transportation—Community and regional developmentEducation, training, employment, andsocial servicesHealthIncome securityVeterans benefits and servicesLaw enforcement and justiceGeneral governmentRevenue sharing and general purpose fiscalassistanceInterestAllowancesUndistributed offsetting receipts79,4094,6125,5224,0104,54110,6371,8917,0049,70833,6806,8826501,68431113,751-5,46080,2073,7845,0163,9015,7797,0652,2246,87111,75837,2817,6407611,64936515, 793-5, 54579,2843,5644,5084,0435,1649,0903,1667,88813,05143, 0668,6779521,94045118,312-6, 56776, 8073,0934,1804,9414,28810,3963,6329,04514,71655, 4239,7761,2992,15948819,609-8, 42777, 3563,8684,1745,5215,27910,6014,32511,69417,47163,91110,7301,6502,46653120,582-8,13775,0723,5044,0305,9474,8559,9305,52911,87418,83272,95812, 0132,1312,6827,22222,813-12,318Composition of undistributed offsetting receipts:Employer share, employee retirement..Interest received by trust fundsRents and royalties on the Outer ContinentalShelf ...-1,825-2,674-961-2,018-3,099-428-2, 444-3,936-187-2,611-4,765-1,051-2,768-5,089-279-2,927-5,436-3,956See next page for continuation of table and for footnotes.266