The Federal Reserve Board eagle logo links to home page

Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of Federal Receipts and Expenditures, 1987-2007
Percent of nominal GDP
Period Receipts Expenditures Expenditures
excluding net interest
1987 18.36 21.57 18.59
1988 18.14 21.24 18.21
1989 18.35 21.18 18.05
1990 17.99 21.84 18.63
1991 17.78 22.32 19.04
1992 17.49 22.14 18.95
1993 17.55 21.43 18.41
1994 18.07 20.99 18.08
1995 18.46 20.69 17.53
1996 18.88 20.27 17.14
1997 19.29 19.56 16.58
1998 19.96 19.16 16.36
1999 20.02 18.65 16.13
2000 20.86 18.43 16.13
2001 19.80 18.52 16.47
2002 17.86 19.38 17.73
2003 16.50 19.99 18.58
2004 16.35 19.93 18.54
2005 17.59 20.19 18.69
2006 18.48 20.39 18.65
2007 18.79 19.97 18.24

Note: The receipts and expenditures data are on a unified-budget basis and are for fiscal years (October through September); GDP is for the four quarters ending in Q3.

Source: Office of Management and Budget.

Return to text