1994 GOVERNMENT FINANCES SUMMARY OF FEDERAL GOVERNMENT FINANCES: 1991 to 1994 (In million dollars) ITEM 1994 1993 1992 1991 REVENUE Revenue, total 1,400,664 1,306,395 1,259,390 1,200,682 General revenue 948,857 888,440 854,828 812,339 General revenue from own sources 945,638 887,096 851,397 809,105 Taxes 780,269 712,912 659,041 641,982 Income 683,440 627,200 576,735 565,913 Individual 543,055 509,680 476,465 467,827 Corporation 140,385 117,520 100,270 98,086 Sales, gross receipts, and customs 74,648 67,447 64,282 58,495 Customs duties 20,264 18,931 17,480 16,034 Motor fuel 26,441 20,223 19,865 16,917 Alcoholic beverages 7,600 7,704 7,907 7,227 Public utilities 8,924 7,835 7,851 7,253 Air transportation 5,253 4,662 4,679 4,300 Telephone 3,671 3,173 3,172 2,953 Tobacco products 5,744 5,700 5,190 4,782 Other sales and gross receipts taxes 5,675 7,054 5,989 6,282 Oil windfall profit tax - - - - Motor vehicles, chassis, and body 1,558 1,211 905 928 Tires, inner tubes, and tread rubber 346 311 280 284 Other categories not shown 3,771 5,532 4,804 5,070 Other taxes 22,181 18,265 18,024 17,574 Death and gift 15,225 12,577 11,143 11,138 All other 6,956 5,688 6,881 6,436 Charges and miscellaneous general revenue 165,369 174,184 192,356 167,123 Current charges 96,670 94,613 89,489 86,292 Postal receipts 48,412 46,502 45,158 42,592 Natl defense/internatl relations 10,075 12,014 8,677 9,206 Natural resources 13,150 13,149 15,148 15,528 Commodity Credit Corporation- Sales of agric products 454 769 1,169 937 Tennessee Valley Authority 5,770 5,538 5,514 5,565 Department of Interior-energy sales 876 919 851 1,021 Mineral ore and product sales 406 4 47 573 Timber sales 380 665 785 861 All other resource charges 5,264 5,254 6,782 6,571 Other current charges 25,033 22,948 20,506 18,966 Sale of property 3,670 3,602 3,723 3,663 Interest earnings 10,482 10,897 10,397 11,159 Other miscellaneous general revenue 54,547 65,072 88,747 66,009 Federal Reserve System-earnings 18,023 14,908 22,920 19,158 Continental shelf lands-lease and royalty revenues 3,001 2,785 2,498 3,150 Other 33,523 47,379 63,329 43,701 Insurance trust revenue 451,807 417,955 404,562 388,343 Social Security/Medicare insur. (OASDHI) 441,983 407,860 394,268 378,510 Employee retirement 4,540 4,684 4,658 4,446 Railroad retirement 4,386 4,451 4,608 4,461 Veterans' life insurance 871 896 894 742 Unemployment compensation 27 64 134 184 EXPENDITURE Expenditure, total 1,630,283 1,569,505 1,530,260 1,480,408 By character and object: Intergovernmental expenditure 217,919 204,632 186,036 160,145 Current operation 494,255 490,864 500,341 521,580 Capital outlay 79,827 85,328 93,095 95,575 Construction 9,646 9,661 10,920 10,491 Equipment 61,940 67,097 73,675 77,062 Land and existing structures 8,241 8,570 8,500 8,022 Assistance and subsidies 112,837 103,638 96,345 87,965 Interest on debt 202,663 198,795 199,713 195,142 Insurances benefits and repayments 522,782 486,248 454,730 420,001 EXHIBIT: Expenditure for salaries and wages 162,658 162,536 161,551 154,290 By Function: General expenditure 1,107,501 1,083,257 1,075,530 1,060,407 Intergovernmental expenditure 217,919 204,632 186,036 160,145 Education 26,752 29,190 26,821 24,537 Elementary and secondary education 6,566 6,301 5,813 4,985 School breakfast and lunch 5,310 5,030 4,671 4,246 Federally affected area assistance 744 467 783 743 Public welfare 114,908 105,521 94,760 78,419 Medical assistance 84,090 77,821 69,828 54,464 Maintenance assistance 14,256 13,639 13,287 11,929 Low income energy assistance 5,481 4,114 2,950 3,556 Health and hospitals 9,257 8,336 7,625 6,500 Special supplemental food programs- WIC programs 3,342 3,034 2,767 2,387 National Institutes of Health 1,308 1,228 1,949 986 Highways 19,199 16,860 15,490 14,611 Natural resources, parks/recreation 2,777 2,581 2,517 2,253 Housing and community development 21,099 18,739 16,405 13,501 Other 23,927 23,405 22,418 20,324 Urban mass transportation 3,970 3,543 3,567 3,855 Contrib. to District of Columbia 700 699 692 671 Direct expenditure 889,582 878,625 889,494 900,262 Selected Federal programs: National defense and international relations 333,380 344,008 351,684 366,112 Military functions 300,578 311,006 320,168 335,849 Economic assistance 7,037 8,110 7,609 7,996 Atomic energy 13,151 12,422 11,751 10,970 Foreign affairs, n.e.c 6,361 6,059 5,588 4,808 Food for freedom 1,903 1,559 1,747 1,553 Military assistance 4,116 4,646 4,607 4,725 Postal service 46,110 44,528 44,890 43,102 Space research and techology 13,553 13,873 13,550 13,514 Education services: Education 23,239 25,878 22,136 21,091 Veterans' education benefits 1,827 1,548 1,423 1,277 Other 21,412 24,330 20,713 19,814 Libraries 511 297 478 397 Social services/income maint.: Public welfare 56,204 51,609 47,722 40,716 Hospitals 11,351 10,875 10,435 9,425 Public hospitals 10,966 10,524 10,081 9,140 Veterans 9,333 8,859 8,676 7,966 Other public hospitals 1,633 1,665 1,405 1,174 Other hospitals 385 351 354 285 Health 13,816 13,443 12,619 12,282 Social insurance administration 5,790 5,642 5,455 4,943 Veterans' services 21,878 21,198 20,320 19,006 Transportation: Highways 691 619 813 665 Air transportation 6,482 6,214 5,871 5,157 Water transport and terminals 2,848 2,953 2,721 2,817 Public safety: Police protection 7,328 7,356 6,703 6,170 Correction 2,587 2,422 2,411 1,941 Environmental and housing: Nat resources, parks/recreation 52,791 51,278 53,485 46,162 Soil, water, mineral, and electric energy resources 20,117 18,361 17,814 15,059 Energy programs 5,745 6,534 6,822 5,216 Tennessee Valley Authority 4,929 5,144 4,811 3,857 Army Corps of Engineers 547 513 514 452 Soil convservation Service 975 925 857 811 Stabilization of farm prices and income 15,620 16,708 19,665 14,954 Commodity Credit Corporation 12,228 14,261 16,739 12,227 Farm credit programs 4,369 5,139 5,383 6,463 Forestry 2,696 2,486 2,493 2,291 Other agricultural resources 2,476 2,384 2,233 2,088 Other natural resources 5,359 4,065 3,913 3,519 National Oceanographic and Atmospheric Administration 1,881 1,686 1,607 1,412 Housing/community development 15,817 12,582 15,482 16,698 Government administration: Financial administration 11,788 11,647 10,762 10,209 Judicial and legal 4,766 4,680 4,415 3,995 Other governmental admin. 1,704 1,677 1,668 1,516 Interest on general debt 202,663 198,795 199,713 195,142 General expenditure, n.e.c 54,285 47,051 56,161 79,202 Insurance trust expenditure 522,782 486,248 454,730 420,001 Social Security and Medicare insurances (OASDHI) 472,461 440,994 410,855 376,933 Employee retirement 36,723 35,232 33,987 33,624 Railroad retirement 10,958 7,592 7,401 7,168 Veterans' life insurance 2,557 2,360 2,401 2,189 Unemployment compensation 83 70 86 87 DEBT Gross debt outstanding at end of fiscal year 4,721,292 4,436,171 4,082,871 3,683,054 Public debt 4,692,750 4,411,489 4,064,621 3,665,303 Federal agency debt 28,542 24,682 18,250 17,751 Held by Federal Government 1,213,115 1,116,713 1,016,453 919,713 Other debt outstanding 3,508,178 3,319,458 3,066,418 2,763,341