THE BUDGET FOR FISCAL YEAR 2012
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Table S–1. Budget Totals
(In billions of dollars and as a percent of GDP)
201020112012201320142015201620172018201920202021Totals2012-20162012-2021Budget Totals in Billions of Dollars:
Receipts ..........................................................2,1632,1742,6273,0033,3333,5833,8194,0424,2574,4734,6864,92316,36638,747Outlays ...........................................................3,4563,8193,7293,7713,9774,1904,4684,6694,8765,1545,4225,69720,13445,952Deficit .......................................................1,2931,6451,1017686456076496276196817357743,7697,205Debt held by the public ..................................9,01910,85611,88112,78413,56214,30115,06415,79516,51317,28418,10318,967Debt net of financial assets ...........................7,8949,50510,58511,34411,98812,59513,24313,86914,48815,16915,90316,677Gross domestic product (GDP) ...........................14,50815,08015,81316,75217,78218,80419,79120,75521,67922,62423,60824,633
Budget Totals as a Percent of GDP:
Receipts ..........................................................14.9%14.4%16.6%17.9%18.7%19.1%19.3%19.5%19.6%19.8%19.9%20.0%18.3%19.0%Outlays ...........................................................23.8%25.3%23.6%22.5%22.4%22.3%22.6%22.5%22.5%22.8%23.0%23.1%22.7%22.7%Deficit .......................................................8.9%10.9%7.0%4.6%3.6%3.2%3.3%3.0%2.9%3.0%3.1%3.1%4.3%3.7%Debt held by the public ..................................62.2%72.0%75.1%76.3%76.3%76.1%76.1%76.1%76.2%76.4%76.7%77.0%Debt net of financial assets ...........................54.4%63.0%66.9%67.7%67.4%67.0%66.9%66.8%66.8%67.0%67.4%67.7%
Memorandum, budget totals with AMT relief fully paid for:
In billions of dollars:Deficit .......................................................1,2931,6451,101768645579475452415445463464Debt held by the public ...........................9,01910,85611,88112,78413,56214,27414,86215,41915,93216,46717,01517,568Debt net of financial assets .....................7,8949,50510,58511,34411,98812,56713,04113,49313,90714,35214,81515,278As a percent of GDP:Deficit .......................................................8.9%10.9%7.0%4.6%3.6%3.1%2.4%2.2%1.9%2.0%2.0%1.9%Debt held by the public ...........................62.2%72.0%75.1%76.3%76.3%75.9%75.1%74.3%73.5%72.8%72.1%71.3%Debt net of financial assets .....................54.4%63.0%66.9%67.7%67.4%66.8%65.9%65.0%64.2%63.4%62.8%62.0%