FRB: Monetary Policy Report to the Congress--July 18, 2007

Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act

Table for figure of Federal Receipts and Expenditures, 1987-2007
Percent of nominal GDP
Period	Expenditures	Receipts	Expenditures excluding net interest
1987	21.57	18.36	18.59
1988	21.24	18.14	18.21
1989	21.17	18.35	18.05
1990	21.84	17.99	18.63
1991	22.32	17.78	19.04
1992	22.14	17.49	18.95
1993	21.43	17.55	18.41
1994	20.99	18.07	18.08
1995	20.69	18.46	17.53
1996	20.27	18.88	17.14
1997	19.56	19.29	16.58
1998	19.16	19.96	16.36
1999	18.65	20.02	16.13
2000	18.43	20.86	16.13
2001	18.52	19.80	16.47
2002	19.38	17.86	17.73
2003	19.99	16.50	18.58
2004	19.90	16.32	18.51
2005	20.16	17.56	18.66
2006	20.32	18.42	18.59
2007	19.98	18.78	18.25

Note: Through 2006, receipts and expenditures are on a unified-budget basis and are for fiscal years (October through September); GDP is for the four quarters ending in Q3. For 2007, receipts and expenditures are for the twelve months ending in June, and GDP is the average of 2006:Q4 and 2007:Q1.

Source: Office of Management and Budget.

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