Monthly Treasury statement of receipts and outlays of the United States government for period from ..

MISSING IMAGE

Material Information

Title:
Monthly Treasury statement of receipts and outlays of the United States government for period from ..
Sept. issue of each year has title:
Final monthly Treasury statement of receipts and outlays of the United States government
Portion of title:
Monthly Treasury statement
Final monthly Treasury statement
Abbreviated Title:
Mon. Treas. statement receipts outlays U.S. gov.
Physical Description:
v. : ; 28 cm.
Language:
English
Creator:
United States -- Dept. of the Treasury
United States -- Dept. of the Treasury. -- Financial Management Service
Publisher:
Dept. of the Treasury
Place of Publication:
Washington, D.C.?
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Finance, Public -- Accounting -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Additional Physical Form:
Vol. for June 30, 1994 distributed to depository libraries in microfiche.
Additional Physical Form:
Available via Internet from the Financial Management Service web site. Address of current issue as of 5/20/04: http://www.fms.treas.gov/mts/index.html; address of back issues as of 5/20/04: http://www.fms.treas.gov/mts/backissues.html. Current access is available via PURL.
Dates or Sequential Designation:
Began with July/Nov. 1974; ceased with June 2008.
Issuing Body:
Vols. for <Oct. 1979>-Apr. 1986 issued by U.S. Dept. of Treasury; May 1986-<Mar. 1996>, <Jan. 1998-> by U.S. Dept. of Treasury, Financial Management Service.
General Note:
Title varies slightly.
General Note:
Effective July 2008, paper copies will only be available only upon request.
General Note:
Description based on: Oct. 1, 1979 through Feb. 29, 1980; title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 02520295
lccn - 97656143
issn - 0364-1007
ocm02520295
Classification:
lcc - HJ10.2 .M66
ddc - 336.73/05
System ID:
AA00010653:00068

Related Items

Preceded by:
Monthly statement of receipts and outlays of the United States government
Succeeded by:
Monthly Treasury statement of receipts and outlays of the United States government (Online)

Full Text




For Fiscal Year 1988
Througb--tKS 9


Monthly Treasury Statement (JUL 6 98

of Receipts and Outlays of j

the United States Government no ld

Department of the Treasury
Financial Management Service


St .*"' '


.


Summary -
page 2





Receipts
Outlays
by Month -
page 26

K... .. -.


Out


Receipts -
page 6





Federal
Trust Funds
S securities -
page 28


'. '*.




: D. t


.. .,
*^,, :'.*;- ^ ^
: '. ;,., ""
.' .* ." [, .. i .: .:, ; : ': : ... '

;.'^. .. ..;. : "^ f .






Deficit ,, ..T;
t la y s / --i, n :
iF .. n in


page .


Receipts
by Source
Outlays by
Function -
page 29


page II2011
page 20


Explanatory
Notes -
page 30


\* i
r)C'
'-I
Up:- .,..
::,:
i;l~








Introduction


The Monthly Treasury Statement of Receipts and Outlays of the United States
Goverment(MTS) is prepared by the Department of the Treasury, Financial Manage-
ment Service, and after appro. i c., ir.- Fiscal Assistant Secretary of the Treasury,
is normally released on the 15th workday of the month following the reporting month.
The publication is based on data provided by Federal entities, disbursing officers,
and Federal Reserve banks.

Audience
The MTS is published to meet the needs of: Those responsible for or interested
in the cash position of the Treasury; Those who are responsible for or interested
in the Government's budget results; and individuals and businesses whose opera-
tions depend upon or are related to the Government's financial operations.


Disclosure Statement
This statement summarizes the financial activities of the Federal Government
and off-budget Federal entities conducted in accordance with the Budget of the U.S
Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means
of financing the deficit or disposing of the surplus Information is presented on a
modified cash basis: receipts are accounted for on the basis of collections; outlays


of receipts are treated as deductions from gross receipts; revolving and manage-
ment fund receipts, reimbursements and refunds of monies previously expended
are treated as deductions from gross outlays; and interest on the public debt (public
issues) is recognized on the accrual basis. Major information sources include ac-
counting data reported by Federal entities, disbursing officers, and Federal Reserve
banks.

Triad of Publications
The MTS is part of a triad of Treasury financial reports. The Daily Treasury State-
ment is published each working day of the Federal Government. It provides data
on the cash and debt operations of the Treasury based upon reporting of the
Treasury account balances by Federal Reserve banks. The MTS is a report of
Government receipts and outlays, based on agency reporting. The U.S. Govern-
ment Annual Report is the official publication of the detailed receipts and outlays
of the Government. It is published annually in accordance with legislative mandates
given to the Secretary of the Treasury.

Data Sources and Information
The Explanatory Notes section of this publication provides information concern-
ing the flow of data into the MTS and sources of information relevant to the MTS.


Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988,
by Month (in millions)


Period Receipts Outlays Deficit/Surplus (-)


FY 1987
October .
November .............
December .. .
January ............
February ..................
March .............
A pril ..... ....
May ...... .
June ... .
July .. .. .....
August .. ..
September .....

Year-to-Date ....................





FY 1988
October
November
December ....
January .. ...
February ... .. ...
March .. ...
April .
May ..

Year-to-date ................. .


$59,012
52,967
78,035
81,771
55,463
56,515
122,897
47.691
82,945
64,223
60,213
92,410


$84,302
80,054
90,404
83,928
83,842
84,447
83,988
83,264
83,429
86,431
81,890
77,087


$25,290
27,087
12,369
2,157
28,379
27,932
-38,909
35,573
484
22,208
21,677
-15,323


854,143 '1,003,067 1148,924






62,354 93,055 30.701
56,987 83.911 26.924
85,525 109,771 24,246
81,791 65.786 -16,005
60,355 84,260 23.905
65,730 94,877 29.147
109,323 95,433 -13,890
59.711 82,173 22,462


$581,776


$709,265


$127,489


'The FY 1989 Budget of the United States (released on February 18. 1988) revised FY 1987 outlays to $1,004.586 million and the deficit to $150,444 million Rema.rnng
adjustments to reclassify Thrift Savings Fund ( $736 million) to a non-budgetary status and adlustmentl to culiaps for the Depanment cf Agr;culiur ( $757 -n.iIIan and
the Department of Housing and Urban Development ( $19 million) will be made in future months. Treasury *'1, continue it reflect a d,fferenie 1?, the Small Business
Administration (+ 5$ miIlor
Note: Details may not add to totals due to .. -. I,-,
Source. Financial Management Service, Department of the Treasury


---------~---~--~







Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 1988 and
Other Periods (in millions)


Budget Actual
Actual Budgetes Previous Budget
Classification Current Estimates Estimates
Classification Mont Fiscal Year a Fiscal Year Estimates
DMontht Full Fiscal Next Fiscal
to Date Year to Date
(1987)Year Year (1989)'


Total on-budget and off-budget results:
Total receipts ............ ........ $59,711 $581,776 $909,163 $554,351 $964,674
On-budget receipts ............. .... 39,764 422,238 669,264 411,374 706,193
Off-budget receipts ........ ...... 19,947 159.538 239.899 142,978 258.481

Total outlays ..... ...... .. 82,173 709,265 1,055,904 674,229 1,094,215
On-budget outlays ............ ..... .. 64,566 575,896 852,778 546,738 880.873
Off-budget outlays ..... ..... 17,607 133,369 203,126 127.491 213,342

Total surplus (+) or deficit (-) ......... ........ -22,462 -127,489 -146,741 -119,878 -129,542
On-budget surplus (+) or deficit (-) ........... -24,802 -153.658 -183.514 -135,365 -174.680
Off-budget surplus (+) or deficit (-) ........... +2,340 +26,169 +36,773 +15,487 +45.139

Total on-budget and off-budget financing ........... 22,462 127,489 146,741 119.878 129,542
Means of financing:
By Borrowing from the public .......... 7,559 111,963 127,247 119,536 127,021
By Reduction of operating cash, increase (-)..... 27,223 17,470 16,436 -1,722 ......
By Other means ............. .. -12,321 -1.944 3,058 2,064 2,521

'Based on the FY 1989 Budget of the United States released by the Office of Management and Budget on February 18, 1988
Note: Details may not add to total due to rounding
Source: Financial Management Service, Department of the Treasury


Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 1987 and 1988




In billions of dollars
150

120 Outlays

90

60

30 Receipts

0

30


60 Deficit (- )/Surplus

-90


Dec. Feb. Apr.


June Aug. Oct. Dec. Feb. Apr. May
FY
88


Oct.
FY
87






Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 1987 and 1988


In billions of dollars


Oct. Dec. Feb.
FY
87


Apr. June Aug. Oct.
FY


Dec. Feb. Apr. May


Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 1987 and 1988


In billions of dollars


N\ :^'\N Other Non Defense

: : :: : :: : : : :::: : : : ::: National Defense :: i ::: ; ;:;:\ '


.'';Itre t: :::,: ::::: :::: I::::


Oct. Dec. Feb. Apr. June Aug. Oct.
FY FY


Dec. Feb. Apr. May







Table 3. Summary of Receipts and Outlays of the U.S. Government, May 1988 and Other Periods (in millions)


Actual Actual Actual Budget
Classification This Month This Fiscal Comparable Estimates
Year to Date Prior Period Full Fiscal Year'

Budget Receipts
Individual income taxes ...... ......... $17,958 $255,572 $253,467 $393,395
Corporation income taxes ..... .... 1,613 52,221 48,523 105,567
Social insurance taxes and contributions:
Employment taxes and contributions (off-budget)........ 19,947 159.538 142,978 239,899
Employment taxes and contributions (on-budget) ....... 5,001 41.924 39,961 63,170
Unemployment Insurance .... ......... 8,073 17,804 18,048 23,727
Other retirement contributions .............. 375 3,121 3,160 4,717
Excise taxes ............... ......... 3,055 22,506 20,989 35,342
Estate and gift taxes ... ..... .... .. ... 751 4,984 5,141 7,567
Customs duties .......... ................ 1,282 10,408 9,558 16,399
Miscellaneous receipts ........... 1,657 13,699 12,529 19,380

Total Receipts ................. .................-... 59,711 581,776 554,351 909,163

(On-budget) ...................................... 39,764 422,238 411,374 669,264

(Off-budget) ...................................... 19,947 159,538 142,978 239,899

Budget Outlays
Legislative Branch ............ .... .. ... 142 1.258 1,127 1,942
The Judiciary .. .......... ..... 151 892 737 1,359
Executive Office of the President ........ ........ 10 84 73 124
Funds Appropriated to the President ......... 709 6,219 7,338 5,233
Department of Agriculture ....... ............... 3,642 34,166 39.524 50,715
Department of Commerce ............. ..... 192 1,487 1,505 2,485
Department of Defense-Military .... 20,271 188,700 181,342 277,275
Department of Defense-Civil .... ....... 1,853 14.553 13,664 22.284
Department of Education ............... .... 1.304 12,582 11,920 18,796
Department of Energy ....... ... ......... 1,018 7,620 7,120 10,506
Department of Health and Human Services,
except Social Security .......... 11,894 105,060 99,618 160,432
Department of Health and Human Services, Social Security ... 18,131 139.442 132,263 214,695
Department of Housing and Urban Development .......... 1,327 12.669 10,005 18,553
Department of the Interior .. ................. ...... 356 3,219 3,314 5,407
Department of Justice ................. ......... 445 3,470 2,636 5,151
Department of Labor ................ ..... 1,919 14,401 16,018 22,009
Department of State ........ .......... ..... 230 2,133 1,853 3,321
Department of Transportation ............... 2.357 16,661 15.969 26,323
Department of the Treasury:
Interest on the Public Debt ............. .... 17,407 137,510 125,576 210,058
Other ... .. .. .... .. .... ............... -726 -6,346 -8,764 -11,160
Environmental Protection Agency ........... ....... 360 3,166 3,161 4,853
General Services Administration ............ 169 -418 -89 -135
National Aeronautics and Space Administration ............ 777 6,177 4,879 9,112
Office of Personnel Management ........... 2,326 19,473 17,491 28,493
Small Business Administration ....... .. -7 79 -2 280
Veterans Administration .... ...... .. ............. 1,432 19,407 17,804 27,623
Other independent agencies ..... ... ... 668 11,295 11.891 17.886
Allowances, undistributed .......
Undistributed offsetting receipts:
Interest ............ ..... .......... ............. -2,881 -22,732 -19,891 -41,592
Other ............. ....... ............. ..... -3,303 -22,963 -23.853 -36,123

Total Outlays .......... ..... ................ .. 82,173 709,265 674,229 1,055,904

(On-budget) ................. ................. 64,566 575,896 546,738 852,778

(Off-budget) .................................. 17,607 133,369 127,491 203,126

Surplus (+) or deficit (-) ............. ... ......... -22,462 -127,489 -119,878 -146,741

(On-budget) ..................................... -24,802 -153,658 -135,365 -183,514

(Off-budget) .................. .................. +2,340 +26,169 +15,487 +36,773

'Based on the FY 1989 Budget of the United States released by the Office of Management and Budget on February 18, 1988.
Source: Financial Management Service. Department of the Treasury.
No Transactions.







Table 4. Receipts of the U.S. Government, May 1988 and Other Periods (in millions)

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Refunds Gross Refunds Gross Refunds
Receipts (Deduct) Receipts Receipts (Deduct) Receipts Receipts (Deduct) Receipts


Individual Income taxes:
W withheld .................... ... .......
Presidential Election Campaign Fund ..............
O the r .... ..... ........ .. ..... .
Total-individual income taxes ...................
Corporation income taxes ...........................

Social insurance taxes and contributions:
Employment taxes and contributions:
Federal old-age and survivors ins. trust fund:
Federal Insurance Contributions Act taxes .........
Self-Employment Contributions Act taxes ...........
Deposits by States ....... ... ...... .......
O their .................... .... .
Total- FOASI trust fund .. ........
Federal disability insurance trust fund:
Federal Insurance Contributions Act taxes .........
Self-Employment Contributions Act taxes ...........
Receipts from Railroad Retirement Account .........
Deposits by States .. .. .. .. ..
O their ... ........ .
Total- FDI trust fund ............... .......
Federal hospital insurance trust fund:
Federal Insurance Contributions Act taxes ..........
Self-Employment Contributions Act taxes ..........
Receipts from Railroad Retirement Board ..........
Deposits by States ........................
Total-FHI trust fund ....... ....
Railroad retirement accounts:
Rail industry pension fund .............. .
Railroad social security equivalent benefit .......
Total-Employment taxes and contributions .......
Unemployment insurance:
Unemployment trust fund:
State taxes deposited in Treasury .................
Railroad debt Repayment ..... ......
Federal Unemployment Tax Act taxes ............
O their .... ... .. ..............
Total-Unemployment trust fund .
Federal employees retirement contributions:
Civil service retirement and disability fund .. .. ..
Foreign service retirement and disability fund ...
O their .. .. ... .. ...
Total-Federal employees retirement contributions..
Other retirement contributions:
Civil service retirement and disability fund ..... ..

Total-Social Insurance taxes and contributions ......
Excise taxes:
Miscellaneous excise taxes3 .......... .... ..
Airport and airway trust fund ........ ... .
Highway trust fund ....... .... ......... .
Black lung disability trust fund ..... ... .
Total- Excise taxes .............................
Estate and gift taxes ......... .......... .........
Customs duties .................. .................
Miscellaneous receipts:
Deposits of earnings by Federal Reserve banks .......
A ll other .. .. .. ...
Total-Miscellaneous receipts ....................
Total-Receipts ...............................
Total-On-budget .................... .........
Total-Off-budget ... ... ............... .


'i2' 07i

'9 714


$227 334
29
93483


1115 765
2. 6
103 696


36,792 2$18,834 $17,958 320,843 $65,271 $255,572 319,487 $66,021 $253,467
2,748 1,136 1,613 63,613 11,392 52,221 61,290 12,768 48,523




'17,490 ..... 17,490 136,018 ..... 136,018 117,128 117.128
1709 .... 709 9,492 ... 9,492 7,741 7,741
2 ... 2 47 ..... 47 5,468 5,468
(*") ...... (" ) (" ) (* ) (**) ......)
18,202 .... 18,202 145,557 .. 145,557 130,338 ..... 130,338

'1,677 .. 1,677 13,062 ...... 13,062 11,264 11,264
169 .69 913 913 746 ..... 746

(") (") 6 6 629 629
.. .. .. .. ("' ) ( )..)
1,746 .... 1,746 13,981 13.981 12,640 12,640

14,534 .... 4,534 36,784 36,784 33,361 33,361
'196 196 2,613 2,613 2,142 .... 2,142

(**) .. ('' ) -51 -51 1,825 1,825
4,730 4,730 39,345 .. 39,345 37.328 37.328

159 7 152 1.474 27 1,447 1,496 4 1,492
119 .. 119 1,131 1,131 1.141 .. 1,141
24,955 7 24.948 201.489 27 201,462 182.942 4 182,938


6,238 .. 6,238 13,441 13,441 13,214 13,214
129 ..... 129 147 .. 147 141 .. 141
1,701 19 1,682 4,297 228 4,069 4,677 137 4.540
24 .. 24 147 147 153 .153
8,092 19 8,073 18,032 228 17.804 18,185 137 18,048

363 .. 363 3,017 3,017 3.062 3,062
3 .. 3 23 23 28 28
('') ...... (") 2 2 2 2
366 .. 366 3,042 3,042 3,092 3,092

9 .. 9 79 ... 79 67 .. 67

33,422 26 33,396 222,641 255 222,386 204,287 141 204,146

1,649 -55 1,705 11,245 289 10,956 10,480 468 10,012
279 2 277 2,066 4 2,061 1.987 5 1.981
1,133 115 1,018 9.302 215 9,088 8,699 96 8.603
55 ... 55 401 401 393 393
3,117 62 3,055 23,014 508 22,506 21,559 570 20,989
767 17 751 5,106 122 4,984 5,254 113 5.141

1,328 46 1,282 10,716 308 10,408 9,876 318 9,558


1,277
380
1,657
79,832
59,885

19,947


('*)
(")
20,120
20,120


1,277
380
1,657
59,711
39,764

19,947


11,716
1,984
13,700
659,632
500,094

159,538


11,716
1 1,983
1 13,699
77,856 581,776
77,856 422,238
.. 159.538


11.338
1,193
12.531
634.284
491,306
142,978


11,338
2 1.191
2 12,529
79,933 554,351
79,933 411.374
142,978


'In accordance with the provisions of the Social Security Act as amended "Individual Income Taxes Withheld" has been increased and Federal Cont bul ons A.c Taxes
by $254 million to correct estimates for the qL j1-.*- .3.-. ._J, i..' .' IYrB7 "Individual Income Taxes Other" has been decreased and "Sell Employment Contributons Act
creased by $94 million to correct estimates Itc( ,,i.'*. ,e .r 19' -, d prior
2Includes a reduction of $400 million of *-.."T' .T i._i ,-r.e ,n.:.,.- credit payments in excess of tax liability
3Includes amounts received for Windfall Profits Tax pursuant to P L 96-223
No Transactions
(")Less than $500,000
Note Details may not add to totals due to rounding
Source Financial Management Service. Department of the Treasury


----~-


I


I







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Gross Applicable tla
Outlays Recepts Outays Outlays Receipts ays Outlays Receipts Outl


Legislative Branch:
Senate ............ .. .. .
House of Representatives ..............
Joint item s ................... ... .
Congressional Budget Office .......... ....... .
Architect of the Capitol .... .......... ...
Library of Congress ............ ... ... ........
Government Printing Office:
Revolving fund (net) ... .... .. ..........
General fund appropriations ......... ............
General Accounting Office ..................
United States Tax Court .. .. ..... .......
Other Legislative Branch agencies ... ..........
Proprietary receipts from the public ...... ........
Intrabudgetary transactions .......... ..............

Total-Legislative Branch ........................

The Judiciary:
Supreme Court of the United States ..............
Courts of appeals, district courts, and other
judicial services ..................... .......... ...
Other ......... ............ .............

Total-The Judiciary ............................

Executive Office of the President:
Compensation of the President and the
White House Office .. ...... .... ... .. ... ...
Office of Management and Budget .. ...... .....
O their ............. .. .. .. .... ......

Total-Executive Office of the President ...........

Funds Appropriated to the President:
International Security Assistance:
Guarantee reserve fund ........ .... ..
Foreign military sales credit ......... ........ ...
Economic support fund ........... ... ... ........
Military assistance ...... ........... .... ..... .
Peacekeeping operations .......... ... ...
O their ............. .. .. ..... ....
Proprietary receipts from the public ..................

Total-international Security Assistance ..........

International Development Assistance:
Multilateral assistance:
Contributions to International Financial Institutions:
International Development Association ......... .
Inter-American Development Bank .............
Other ................... ... .......... ....
International Organizations and Programs..........

Total-Multilateral assistance ...... ....... .

Agency for International Development:
Functional Development Assistance Program .......
Operating Expenses, Agency for
International Development ................... .
Payment to Foreign Service Retirement and
Disability Fund .. .. .....
O their ........... ... ... ..... .. ..
Proprietary receipts from the public ... ......

Total-Agency for International Development ....

Trade and Development Program ................
Peace Corps ....................... ......
Overseas Private Investment Corporation ............
O their ................ .... ..... .. .. .. ...

Total-International Development Assistance ........
Table continued on next page.


$25 (") $27 $222 (") $222 $195 ( ) $195
45 (") 45 380 $1 380 320 $1 319
8 8 59 ..... 59 66 66
2 .2 12 ...... 12 11 11
9 $1 8 82 4 78 77 6 72
22 ..... 22 223 223 180 180

-4 ... 4 20 .. 20 10 ...10
8 8 66 66 58 58
21 21 212 212 194 194
2 2 17 17 15 15
3 3 14 14 12 .. 12
() (*") 3 -3 3 -3
-2 ...... 2 -2 -2

143 1 142 1,267 9 1,258 1,137 10 1,127


2 2 12 12 11 11

141 .. 141 837 .. 837 684 684
9 9 43 43 42 .... 42

151 .. 151 892 ..... 892 737 .... 737



2 ...... 2 20 20 17 17
4 ..... 4 29 29 24 24
4 .4 36 .. 36 32 32

10 ... 10 84 ...... 84 73 ...... 73



49 26 23 464 317 147 494 479 15
524 60 464 3.041 1,309 1,732 2.883 461 2.422
103 103 2,484 2,484 2,645 2,645
20 20 403 403 137 .137
2 .. 2 20 20 31 31
6 6 28 28 30 30
...... 18 -18 ... 190 -190 294 -294

704 104 600 6,439 1,817 4,622 6,220 1,234 4,986




...... ...... ..... 410 410 277 277
100 100 142 .142
13 13 392 392 176 .. 176
47 .. 47 189 189 179 .. 179

60 60 1,092 1,092 774 774


69 ..... 69 817 817 943 ... 943

56 ..... 56 266 266 239 239

.. ..... .. .. 45 45
16 3 13 164 27 137 183 21 162
73 -73 ... 531 -531 498 -498

142 76 65 1,248 558 689 1,410 519 891

1 .. 1 13 13 12 12
12 .... 12 95 95 75 .75
1 6 -5 28 84 -56 7 65 -58
2 (*) 1 23 12 12 22 13 9

217 83 134 2,497 654 1,844 2,299 597 1,702


Classification







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts Outlays


Funds Appropriated to the President:-Continued
International Monetary Programs ........ $143
Military Sales Programs:
Foreign military sales trust fund ....... ... 708
Other .. .... ..... ........... ... 19
Proprietary receipts from the public ..........
O their ..... ... .. ... ...................... 3

Total-Funds Appropriated to the President ...... 1,794

Department of Agriculture:
Departmental Administration -1
Agricultural Research Service ......... .... 43
Cooperative State Research Service ............. 26
Extension Service .... ........ 28
Foreign Agricultural Service ........ .......... 6
Foreign Assistance Programs ...... ........ 77
Agricultural Stabilization and Conservation Service:
Conservation Program ................ ... .. 63
O their ... ......... ..... ..... ....... 13
Federal Crop Insurance Corporation .... .. ..... 20
Commodity Credit Corporation:
Price support and related programs ... 696
National Wool Act Program ..... 93
Rural Electrification Administration .......... 92

Farmers Home Administration:
Public enterprise funds:
Agricultural credit insurance fund .... ... 1.027
Rural housing insurance fund...... ... 646
Rural development insurance fund .... ..... 177
Other ... ....... .... .... ( )
Rural water and waste disposal grants ............ 11
Salaries and expenses ......... .. ....... 32
Other ... .......................... 6

Total-Farmers Home Administration ........... 1,899

Soil Conservation Service:
Conservation operations .. ..... ..... ... ... .... 36
Water resource management and improvement .... 15
O their ..... ...... ........ ... 3
Animal and Plant Health Inspection Service ... .. 28
Agricultural Marketing Service:
Funds for strengthening markets, income, and supply... 37
Other .... ... ..... 4
Food Safety and Inspection Service ........... 30
Food and Nutrition Service:
Food stamp program ................... .... 1,133
Nutrition assistance for Puerto Rico ......
Child nutrition programs .. ... .. ...... 398
Women, infants and children programs ........... 161
Other ...... .... .. ........ .. 28

Total-Food and Nutrition Service ........ 1.721


$143 -$677 ...... -$677 -$636 ...... -$636

708 6.075 ...... 6,075 6.561 ... 6,561
$22 -3 152 $150 1 175 $211 -36
877 877 ...... 5,665 5,665 5,338 -5,338
3 20 .... 20 99 ...... 99

1,085 709 14,505 8,286 6,219 14,718 7,380 7,338


-1 79 79 77 .. 77
43 348 .348 335 .... 335
26 198 198 187 ..... 187
28 217 217 212 ..... 212
6 53 .53 55 ...... 55
77 348 348 355 .... 355

.. 63 266 266 67 ... 67
13 -9 -9 -84 -84
2 18 348 152 196 491 129 362

562 135 21,173 6,583 14.590 24.810 4,935 19,875
93 124 .. 124 137 137
124 -32 2,328 4,293 -1,964 1,793 1,645 148



119 908 3,683 2,441 1,242 4,040 2,912 1,128
230 416 3,811 1,691 2,119 3.544 2,288 1.256
313 -135 2,169 1,612 557 1.702 1,149 553
(**) (*) -1 ('*) -1 -2 ('') -2
11 87 .. .. 87 101 .101
32 259 259 241 241
6 44 44 34 ... 34

662 1,237 10.052 5,745 4,307 9,660 6,350 3.311


36 283 283 227 ... 227
15 128 128 139 139
3 33 33 27 27
28 229 .. 229 212 212

37 288 288 285 285
-4 94 94 82 3 79
... 30 256 .. 256 244 .. 244


1,133 8,801
10
398 3,189
161 1,197
28 193

1,721 13,391


8.801 8,366
10 1
3.189 3,049
1,197 1,111
193 187

13,391 12,714


8,366
1
3,049
1,111
187

12,714


Forest Service:
National Forest system .. .. .
Construction .......
Forest research .. ... ....
Forest Service permanent appropriations
Cooperative work ..... .....
Other .

Total-Forest Service ....


Other .. .25
Proprietary receipts from the public ..
Intrabudgetary transactions

Total-Department of Agriculture ................. 5,099

Table continued on next page.


87 904
11 146
9 86
15 166
19 107
13 91

155 1,500

3 22 181
104 -104


904 787
146 130
86 75
166 165
107 -11
91 85

1,500 1,231

26 156 176
946 -946
(")


1,457 3,642 51,909 17,744 34,166 53,435 13,911 39,524


787
130
75
165
-11
85

1,231

21 156
828 -828
( ')


------


-~---







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification
Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts utlays Outlays Receipts Outlays Outlays Receipts Outlays


Department of Commerce:
General Administration ........... .
Bureau of the Census ......... .
Economic and Statistical Analysis .. ....
Promotion of Industry and Commerce.
Science and technology:
National Oceanic and Atmospheric Administration...
Patent and Trademark Office .. .
National Bureau of Standards ...... .
National Telecommunications and Information
Administration ... ......

Total-Science and Technology ......

Other ............... ..
Proprietary receipts from the public ..............
Intrabudgetary transactions ......... .. ...

Total-Department of Commerce ..................

Department of Defense-Military:
Military personnel:
Department of the Army ......... ........
Department of the Navy ..... ........ .. .
Department of the Air Force ........... ..........

Total-Military personnel ........ ..... .

Operation and Maintenance:
Department of the Army ..... .
Department of the Navy ... .... .........
Department of the Air Force ..................
Defense agencies . ... ....

Total-Operation and Maintenance ................

Procurement:
Department of the Army ............ .
Department of the Navy ..... ...
Department of the Air Force ................... .
Defense agencies ......... ...... .

Total-Procurement ... .......... ....... .

Research, Development, Test, and Evaluation:
Department of the Army ............. .
Department of the Navy ...............
Department of the Air Force .. .... .
Defense agencies ............. ....

Total-Research, Development, Test, and Evaluation .

Military Construction:
Department of the Army ....... .
Department of the Navy ........ ... ... ...... .
Department of the Air Force .... .
Defense agencies ......... .....

Total-Military construction .... ......

Family housing ...................
Revolving and Management Funds:
Public Enterprise Funds ....... .
Intragovernmental Funds:
Department of the Army ..... ...... ...
Department of the Navy ..... ...............
Department of the Air Force .. .....
Defense agencies .............
Other ..... ........ ..........
Proprietary receipts from the public ...................
Intrabudgetary transactions ......... .

Total-Department of Defense-Military ............


$26 $5 $21 $199 $33 $167 $364 $55 $308
30 ...... 30 202 .... 202 131 .... 131
4 4 51 .. 51 42 .. 42
17 17 137 ... 137 157 ... 157

110 2 108 818 8 810 766 18 748
4 4 57 .. 57 56 56
10 10 69 69 76 76

2 ...... 2 20 20 22 22

126 2 125 964 8 956 920 18 902

(" ) ( ) 14 14 (** (")
4 -4 34 -34 .29 -29
(**) (**) -4 ...... -4 -4 ... -4

202 10 192 1,563 75 1,487 1,608 103 1,505



1,318 .... 1,318 18,876 18,876 18,490 ...... 18,490
1,300 .... 1,300 16,883 16,883 16,464 ... 16,464
993 993 13,982 13,982 14,016 14,016

3,611 3,611 49,741 49,741 48,970 48,970


2,067 ..... 2,067 16,450 16,450 14,341 ..... 14,341
2,365 2,365 18,974 18,974 16.260 16,260
1,889 1,889 15,961 ..... 15,961 13,489 13,489
558 558 5.031 5,031 5,547 ..... 5,547

6,879 6,879 56,416 56,416 49,637 49,637


1.265 .. 1,265 10,844 10,844 10,716 10,716
2,196 2,196 19,280 19,280 18,746 18,746
2,557 2557 20,692 20.692 21,700 .. 21,700
168 .. 168 1,225 1,225 1,287 1.287

6,187 6,187 52,041 52,041 52,449 52,449


411 .... 411 3,242 3,242 3,025 3,025
542 .. 542 5,788 5,788 5,965 5,965
914 914 9,319 9,319 9,327 9,327
647 647 4,646 4,646 4,053 .. 4,053

2,514 2,514 22,996 22,996 22,370 22,370


160 160 1,170 1.170 1,214 1,214
131 131 1,114 1,114 1,009 .. 1,009
121 121 1,122 1,122 1,128 1,128
89 ... 89 514 514 337 .. 337

501 ..... 501 3,920 ... 3,920 3,689 3,689

244 244 2,010 .... 2,010 1,847 .. 1,847

(**) (**) ('') 1 2 (* ) 11 1 9

154 154 474 ...... 474 363 ..... 363
-93 ... -93 739 739 1,500 46 1,454
53 .... 53 491 .. 491 3 ...... 3
-14 .. -14 -100 ..... -100 705 ..... 705
33 24 9 245 212 33 242 212 30
-204 204 ...... 410 -410 ..... 500 -500
21 21 348 ...... 348 317 ... 317

20,090 -180 20,271 189,323 623 188,700 182,102 760 181,342


Table continued on next page.








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Outlays Outlays Receipts Outlays Outlays Receipts Outlays


Department of Defense-Civil
Corps of Engineers:
General investigations .... .....
Construction, general ... ......
Operation and maintenance, general .. .
Flood control, Mississippi River and coastal emergencies
O other .......... ..
Proprietary receipts from the public ....

Total-Corps of Engineers ........


Military retirement fund:
Payments to military retirement fund ... .. .. ...
Military retirement fund ...... 1,601
Retired pay .. .. .. .... ( ")
Intrabudgetary transactions ........
Education benefits fund ......................... -6
Other .................. 16
Proprietary receipts from the public ...

Total-Department of Defense-Civil .............. 1,868

Department of Education:
Office of Elementary and Secondary Education:
Compensatory education for the disadvantaged ...... 463
Impact aid ... ....... .. 199
Special programs .. .. ...... -5
Indian education ................... 6

Total-Office of Elementary and Secondary Education 663

Office of Bilingual Education and Minority Languages


$11 $11 $83
94 ...... 94 683
101 ..... 101 787
19 ..... 19 172
32 ..... 32 315
$14 -14 ......

257 14 243 2,039


10,285
1,601 12,579
(**) 1
. .. .. 10,285
-6 -21
(*) 16 49
1 1 .

15 1,853 14,648


463 2,862
199 528
-5 273
6 15

663 3,678


$83 $81
683 600
787 775
172 178
315 165
$89 -89 .. ...

89 1,950 1,798


$81
600
775
178
... 165
$42 -42

42 1,756


10,285 10,524 ... 10,524
12,579 12,007 ..... 12,007
1 1 .. 1
-10,285 -10,524 .... -10,524
-21 -126 ..... -126
(") 49 31 (") 31
5 -5 .... 5 -5

95 14,553 13,711 47 13,664


2,862 2,156
528 504
273 525
15 17

... 3,678 3,202


2,156
504
525
17

3.202


Affairs ....... .. .. -4 ..... -4 117
Office of Special Education and Rehabilitative Services:
Education for the handicapped ... 139 ...... 139 1,028
Rehabilitation services and handicapped research...... 106 ..... 106 1,157
Payments to institutions for the handicapped. .. ... 7 .. 7 60
Office of Vocational and Adult Education ..... 112 .. 112 785
Office of Postsecondary Education:
College housing loans ................ 5 260 -256 45
Student financial assistance .. ... 324 .. 324 3,651
Guaranteed student loans ...... 212 212 1,836
Higher education ........... .. 22 ... 22 259
Howard University .......... 15 15 101
Higher education facilities loans .............. -51 51 -63
O their ....... .... ... .. ..... 19

Total-Office of Postsecondary Education .. 527 260 266 5,849

Office of Educational Research and Improvement .. 23 .... 23 127
Departmental Management ........ ...... 32 ..... 32 186
Proprietary receipts from the public ... 39 -39 .. .

Total-Department of Education .................. 1,604 299 1,304 12,989

Department of Energy:
Atomic energy defense activities ....... 666 ... 666 5,049
Energy programs:
General science and research activities .......... 62 62 479
Energy supply, R and D activities ... 158 .. 158 1,357
Uranium supply and enrichment activities. ... 59 59 900
Fossil energy research and development ... 30 30 214
Naval petroleum and oil shale reserves ... ... 15 15 124
Energy conservation ...... ...... 31 31 206
Strategic petroleum reserve ........ .... 53 .53 403
Federal energy regulatory commission ... 7 7 65
Alternative Fuels Productions ..... () (") (")
Nuclear waste disposal fund .. .... .. 31 31 289
Other ..... .... 72 72 218

Total-Energy Programs ...... 518 .. 518 4,255

Power Marketing Administration .. ........... 94 111 17 825
Departmental Administration 21 21 253
Proprietary receipts from the public 123 123
Intrabudgetary transactions .. 47 47 -137

Total-Department of Energy .................... 1,252 234 1,018 10,244


117 95 .... 95

1,028 1,031 1,031
1,157 984 984
60 81 81
785 914 ..... 914

346 -300 52 366 -314
3,651 3,373 ..... 3,373
1,836 1,838 1,838
259 297 .... 297
101 158 .. 158
-63 -62 .. -62
19 ... .

346 5,503 5.655 366 5,289

. 127 163 .... 163
186 185 185
61 -61 .. 25 -25

407 12,582 12,311 391 11,920


.5,049 4,883 4,883

479 451 ... 451
1,357 1,301 1,301
S 900 689 ...... 689
214 209 ... 209
.124 94 ... 94
206 146 146
403 487 ...... 487
.65 61 61
(" ) 1 1
289 283 .... 283
218 169 169

4,255 3,889 .3,889

857 -33 811 746 65
253 238 238
1,767 -1,767 1,889 -1,889
-137 67 -67

2,624 7,620 9,755 2,635 7,120


Table continued on next page.


---


----------~


--


--~---


I







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Oua Gross Applicable Outla.s
Outlays Receipts Outlays Outlays Receipts Outs Outlays Receipts "ay


Department of Health and Human Services, Except Social
Security:
Public Health Service:
Food and Drug Administration
Health Resources and Services Administration
Public enterprise funds:
Medical facilities guaranteed and loan fund
Other .
Health resources and services ....
Indian Health Service
Centers for Disease Control
National Institutes of Health:
Cancer Research ........
Heart, Lung, and Blood Research
Diabetes, Digestive and Kidney Diseases
Neurological and Communicative Disorders and Stroke
Allergy and Infectious Diseases ...
General Medical Sciences ..
Child Health and Human Development
Other research institutes ..
Research resources ....
O their ............

Total-National Institutes of Health ...

Alcohol, Drug Abuse, and Mental Health Administration
Office of Assistant Secretary for Health .

Total-Public Health Service ..... .

Health Care Financing Administration:
Grants to States for Medicaid
Payments to health care trust funds
Other ...
Federal hospital insurance trust fund:
Benefit payments .. .
Administrative expenses and construction
Interest on normalized tax transfers

Total-FHI trust fund

Federal supplementary medical ins. trust fund:
Benefit payments ....
Administrative expenses and construction

Total-FSMI trust fund

Total-Health Care Financing Administration

Social Security Administration:
Payments to social security trust funds
Special benefits for disabled coal miners
Supplemental security income program

Total-Social Security Administration

Family Support Administration:
Program Administration
Family Support Payments to States
Low Income Home Energy Assistance
Refugee and Entrant Assistance .
Community Services
Interim assistance to states for legalization
O their ...........

Total-Family Support Administration

Human Development Services:
Social services
Human development services
Payments to states for foster care and adoption assistance
Other ..

Total-Human Development Services

Departmental rr .ancmeni ...
Proprietary 'e .p'-p : Ir.',: Inre public
Intrabudgetary transactions:
Payments for health insurance for the aged:
Federal hospital insurance trust fund
Federal supplementary medical insurance trust fund.
Payments for tax and other credits:
Federal hospital insurance trust fund
Other ..

Total-Department of Health and Human Services
Except Social Security ........................


$50 (") $50 $309


5 24
122 998
75 614
47 379

111 930
78 626
50 336
50 334
28 344
63 373
36 243
91 592
43 241
56 103

605 4,124

101 882
39 161


$2 $307 $275


$1 $273


24 9
998 992
614 573
379 279

930 817
626 546
336 314
334 281
344 258
373 308
243 209
592 428
241 191
103 49

4,124 3,401

882 766
161 127


9
992
573
279

817
546
314
281
258
308
209
428
191
49

3,401

766
127


1,046 (*) 1,045 7,491 2 7,489 6.422 1 6,420


2,475 2,475 19,711 19,711 18.032 18,032
2,349 2,349 18,244 18.244 14,157 14,157
67 ..... 67 51 51 58 -1 58

4,232 ...... 4,232 34,281 34.281 33,672 33.672
-101 -101 386 386 547 547


4,130 ... 4,130 34.667 34,667 34.219 34.219


2,638 2,638 21,874 21,874 19.309 19,309
229 229 891 891 638 638

2,867 2,867 22,765 22,765 19,946 19.946

11,889 11,889 95,438 ... 95,438 86,412 -1 86,412


137 137 4,381 4,381 3,921 3,921
76 76 617 617 640 640
150 150 7,632 7,632 7,230 7,230

363 .. 363 12,630 12,630 11,791 11,791


12 12 49 49 34 34
1,000 1,000 7,295 7,295 7,230 ... 7.230
79 79 1,419 1,419 1,655 1,655
31 31 227 227 291 291
46 .. 46 268 268 236 236
11 .11 60 60 84 84
(") *") (") (")
1,179 .. 1,179 9,317 9,317 9,529 9,529


254 254 1.874 1,874 1,930 1,930
179 179 1,402 ...... 1.402 1.344 1,344
102 102 712 712 542 542


535 ...535 3,988 .... 3,988 3,816 3.816

10 10 77 .... 77 90 90
$778 -778 5,635 -5,635 4,284 -4,284


-2,317 -2,317 -17,344 -17,344 -13,359 -13,359

-33 ...... -33 -899 -899 -797 -797


778 11,894 110,697


5,637 105,060 103,903


4,285 99,618


Table continued on next page.


Classification








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts las Outlays Receipts Outlays Outlays Receipts Outlays


Department of Human Services, Social
Securiry:
Federal old-age and survivors insurance trust fund:
Benefit payments ... .. ..
Administrative expenses and construction ..
Payment to railroad retirement account ..
Interest expense on interfund borrowings .
Interest on normalized tax transfers ....

Total-FOASI trust fund .. ...

Federal disability insurance trust fund:
Benefit payments .. ....
Administrative expenses and construction
Payment to railroad retirement account...
Interest on normalized tax transfers ... ....

Total-FDI trust fund ...... .... .

Proprietary receipts from the public ..............
Intrabudgetary transactions 1 .. ..

Total-Department of Health and Human Services,
Social Security ..............................

Department of Housing and Urban Development:
Housing Programs:
Public enterprise funds:
Federal Housing Administration fund ...
Housing for the elderly or handicapped fund ......
Other ..............
Rent supplement payments .....
Homeownership assistance .. ..
Rental housing assistance ... .. ......
Rental housing development grants .. ...
Low-rent public housing ...
Public housing grants .
College housing grants ...
Lower income housing assistance ..
Other ...................

Total-Housing Programs .

Public and Indian Housing:
Payments for operation of low-income housing projects
Low-rent housing-loans and other expenses .

Total-Public and Indian Housing ..

Government National Mortgage Association:
Management and liquidating functions fund .....
Guarantees of mortgage-backed securities ...
Participation sales fund ..

Total-Government National Mortgage Association .

Community Planning and Dvelopment:
Public enterprise fund .. .. ...
Community Development Grants ... ....
Urban development action grants ..
Rental rehabilitation grants ...
Other .. ..

Total-Community Planning and Development.....

Management and administration ..
O their ..........

Total-Department of Housing and Urban Development


$16,234
177


$16,234 $127,369
177 1,231


$127,369 $120,841
1,231 1,086


$120,841
1,086


387 .. 387 274 ...... 274

16,411 .... 16,411 128,987 128,987 122.201 .... 122,201


1,793 1,793 14,198 14,198 13,589 .13,589
63 63 601 601 401 .. 401

..... 37 .. 37 26 .. 26

1,856 1,856 14,836 ...... 14,836 14,016 ... 14,016

S. (" ) (**) ...... (* ) (' ) .. .... $33 -33
-137 .... -137 -4,381 ...... -4,381 -3,921 ..... 3,921


18,131 (") 18,131 139,442 (') 139,442 132,296 33 132,263




574 $608 -35 4,800 $3,807 993 3,483 4,215 -731
18 41 -23 738 331 407 807 340 468
(") 6 -6 37 42 -5 38 43 -5
1 .1 28 .. 28 33 ..... 33
48 .. 48 131 .. 131 118 ... 118
41 .. 41 397 .. 397 417 ..... 417
4 4 43 ...... 43 48 .. 48
6 ... 6 548 ..... 548 550 ...... 550
30 30 110 110 .
2 2 14 14 13 ..... 13
757 757 5,998 ...... 5,998 5,340 ...... 5.340
3 .. 3 -2 ..... -2 -16 ..... -16

1,485 655 830 12,843 4.180 8,663 10,832 4,598 6,234


134 ... 134 927 ... 927 825 ..... 825
84 3 81 958 71 887 1.006 90 916

218 3 215 1,886 71 1,814 1,831 90 1.741


7 18 -11 67 137 -70 96 357 -261
70 57 13 394 517 -123 99 277 -179
-48 -48 -61 -61 34 ...... 34

29 76 46 400 654 -254 228 635 -406


9 11 -3 66 89 -23 48 104 -56
272 272 2,000 2,000 1.971 21 1,951
24 .24 164 164 253 253
8 .. 8 66 .. 66 65 65
6 6 27 27 17 ...17

319 11 308 2,323 89 2,233 2,355 125 2,230

18 18 200 200 196 196
1 1 12 12 10 .10

2,071 744 1,327 17,664 4,995 12,669 15,452 5,448 10.005


Table continued on next page.







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicable Oa Gross Applicable Out
Outlays Receipts Outs Outlays Receipts lays Outlays Receipts Outa


Department of the Interior:
Land and minerals management:
Bureau of Land Management:
Management of lands and resources ......
Payments in lieu of taxes .. .. ........
O their ........... ..... ....
Minerals Management Service .. ... ...
Office of Surface Mining Reclamation and Enforcement

Total-Land and minerals management ..... ....

Water and science:
Bureau of Reclamation:
Construction program ....... ..
Operation and maintenance ........ .... ...
Other ... ..... ... ...
Geological Survey ... .............
Bureau of Mines ........... .....

Total-Water and science ....... .. ......

Fish and wildlife and parks:
United States Fish and Wildlife Service ... .....
National Park Service ....... .. ..

Total-Fish and Wildlife and Parks .. ....

Bureau of Indian Affairs:
Operation of Indian programs .. .....
Construction .......... .. ..
Indian tribal funds ...... ...... .. .....
Other .......... ... .. .....

Total-Bureau of Indian Affairs .. ..

Territorial and International Affairs ......
Departmental offices ....... ..... .............
Proprietary receipts from the public:
Receipts from oil and gas leases, national petroleum
reserve in Alaska ..... ....
O their ...... ...... .... .
Intrabudgetary transactions ...... ....

Total-Department of the Interior .................

Department of Justice:
Legal activities .. ........... ...
Federal Bureau of Investigation ........ ..
Drug Enforcement Administration .........
Immigration and Naturalization Service .......
Federal Prison System .......... ..
Office of Justice Programs .... ......
O their ... ......... .... ............

Total-Department of Justice ....................

Department of Labor:
Employment and Training Administration:
Training and employment services ....... .. .
Community service employment for older Americans .
Federal unemployment benefits and allowances ...
State unemployment insurance and employment service
operation ............. ..... ...
Advances to the unemployment trust fund and other
funds ............ ..... ... ..
Other .. ..... .. ........ ..... .. ....


$36 $310
( *) -1
8 134
35 368
24 228

102 1,039


$310 $271
1 (**)
134 132
368 356
228 204

1,039 964


31 -$21 51 453 $43 411 487 $46 440
9 .. 9 95 95 87 .. 87
11 11 116 116 117 117
28 28 281 281 248 248
14 1 13 105 13 91 100 14 86

93 -20 112 1,050 56 994 1,038 60 979


71 71 464 464 395 395
76 76 629 629 607 607

148 .. 148 1,092 1,092 1,001 1,001


74 .. 74 652 652 625 625
5 .5 55 55 66 66
26 26 197 197 215 215
7 1 6 70 8 62 43 8 35

112 1 111 973 8 966 949 8 941

6 .... 6 222 222 352 1 351
3 .3 58 58 55 55


("*) (") .. (* *) ("*) (*) ( ")
127 -127 1,149 -1,149 945 -945
(*") () -3 -3 -33 ..... -33

464 108 356 4,432 1,213 3,219 4,327 1,014 3,314


121 121 784 784 515 515
120 120 873 873 773 773
42 .. 42 322 322 265 265
77 77 613 613 418 418
49 -5 54 642 29 614 487 26 461
39 39 209 (') 209 146 ('') 146
-9 .... -9 55 55 58 .. 58

440 -5 445 3,498 29 3,470 2,662 26 2,636



287 .. 287 2,133 2.133 2,021 2,021
36 .. 36 215 215 254 254
17 17 111 111 83 ... 83

15 15 33 33 65 .. 65

.. 28 28 89 89
5 5 43 43 42 42


Table continued on next page.


Classification








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification ApplicGross ross Applicable Gross Applicable
Outlays Receipts uts Outlays Receipts Outlays Outays Receipts Outays


Department of Labor:-Continued
Employment and Training Administration:-Continued
Unemployment trust fund:
Federal-State unemployment insurance:
State unemployment benefits
State administrative expenses
Federal administrative expenses .
Veterans employment and training ...... ..
Repayment of advances from the general fund...
Railroad unemployment benefits .. .
Other .. ..

Total-Unemployment trust fund .. .....

Total-Employment and Training Administration ....

Labor-Management Services ...
Pension Benefit Guaranty Corporation ..
Employment Standards Administration:
Salaries and expenses ..........
Special benefits ... ........
Black lung disability trust fund ...
Special workers compensation expenses .......
Occupational safety and health administration ...
Mine safety and health administration ..
Bureau of Labor Statistics .......
Departmental management
Proprietary receipts from the public .. .
Intrabudgetary transactions .. ....

Total-Department of Labor ....................

Department of State:
Administration of Foreign Affairs:
Salaries and expenses .. .. .. .
Acquisition and maintenance of buildings abroad ......
Payment to Foreign Service retirement and disability
fu n d .. . .. .
Foreign Service retirement and disability fund ..
O their ...

Total-Administration of Foreign Affairs ...........

International Organizations and Conferences .. ..
Migration and Refugee Assistance .. ....
International Narcotics Control ....
O the r .... ... .....
Proprietary receipts from the public
Intrabudgetary transactions ... .... .

Total-Department of State ......................

Department of Transportation:
Federal Highway Administration:
Highway trust fund:
Federal-aid highways ...
O their .... ..
Other programs ....

Total-Federal Highway Administration ....

National Highway Traffic Safety Administration .....


$1,105
196
9
11

7
(--)

1,328

1,688


$1,105
196
9
11

7
(**)

1,328

1,688


$9,580
1,568
104
92

91
15

11,450

14,013


$9,580
1,568
104
92

91
15

11,450

14,013


$11,015
1,505
66
88
803
131
16

13,625

16,178


$11,015
1,505
66
88
803
131
16

13,625

16,178


5 ..... 5 44 44 38 38
33 $34 -1 251 $555 305 325 $285 40

16 .. 16 130 130 113 113
83 ..... 83 -258 -258 -215 .... 215
53 ..... 53 428 .... 428 422 422
6 ..... 6 48 48 48 48
20 ...... 20 146 146 142 142
13 ..... 13 110 110 96 96
15 ... .. 15 110 110 111 111
24 ...... 24 101 101 89 ..... 89
(") (") 2 -2 ..... 1 -1
-3 .. -3 -165 -165 -1,042 ... -1,042

1,953 34 1,919 14,958 557 14,401 16,305 286 16,018



111 ...111 1,018 1,018 952 952
21 21 203 203 158 158

S. 86 86 127 127
25 25 188 188 180 180
2 ..... 2 11 11 29 29

159 159 1,506 1,506 1,446 1,446

53 ..... 53 438 438 273 273
10 .. 10 174 174 234 234
5 5 58 .. 58 36 36
3 3 46 46 37 37
.... 2 -2 .
(") .. (') -86 -86 -174 -174

230 ...... 230 2,135 2 2,133 1,853 ...... 1,853




1,192 1,192 8,140 8.140 7,369 7.369
11 11 56 56 35 22 12
8 .. 8 53 53 65 65

1,211 .... 1,211 8,250 8.250 7.469 22 7.447

1 .. 1 121 121 141 141


Table continued on next page.


-----~








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued


This Month Current Fiscal Year to Date Prior Fiscal Year to Date

Gross Applicable Gross Applicab atlas Gross Appicab Outlays
Outlays Recepts s Outlays Receipts Outlay Outlays Receipts uay


Department of Transportation:-Continued
Federal Railroad Administration:
Grants to National Railroad Passenger Corporation
O th e r . . .

Total-Federal Railroad Administration .....

Urban Mass Transportation Administration:
Formula grants .......... ...
Discretionary grants .......
O their ... ......
Federal Aviation Administration:
O operations .......................
Other .....
Airport and airway trust fund:
Grants-in-aid for airports ..............
Facilities and equipment .. ... ....
Research, engineering and development.... .....
Operations ..........

Total-Airport and airway trust fund .... ..

Total-Federal Aviation Administration .. ...

Coast Guard:
Operating expenses .. ......... .
Acquisition, construction, and improvements ..... ....
Retired pay ... .. ..........
O their ......... .......

Total-Coast Guard ... .... ...... .

Maritime Administration:
Public enterprise funds ... .... ...... .
Operating-differential subsidies .. ... ... .
O their ......... ...
O their ...... .... .. .
Proprietary receipts from the public .. ... ..
Intrabudgetary transactions .. ... ....


Total-Department of Transportation ............

Department of the Treasury:
Departmental Offices ............ .........
Financial Management Service:
Salaries and expenses ................ ......
Claims, Judgements, and Relief Acts .... .
Energy Security Reserve ..... .... ......
O their .......... .

Total-Financial Management Service ........

Federal Financing Bank .. ... .. .
Bureau of Alcohol, Tobacco and Firearms:
Salaries and expenses .. .... .
Internal Revenue collections for Puerto Rico .. .
United States Customs Service .. .. ........
Bureau of Engraving and Printing .............
United States Mint .......
Bureau of the Public Debt ...................


$442 $442 $462
$13 $4 $9 31 $13 44 143 -$6

13 4 9 411 13 399 606 -6


274 274 1,343 1,343 1,177
51 51 437 437 401
57 57 445 445 555

243 243 1,608 1,608 1,457
13 (*) 13 31 (") 31 56

53 53 503 503 590
128 128 685 685 536
11 ...... 11 101 101 113
69 69 551 551 413

260 ... 260 1,839 1,839 1.652


$462
149

611


1,177
401
555

1,457
56

590
536
113
413

1,652


517 (') 517 3,479 (*) 3.479 3.165 3.165


95 ...... 95 1,212 1,212 1,183 1.183
41 41 244 244 289 289
28 28 238 238 229 229
12 1 11 111 3 108 75 3 73

175 1 175 1,805 3 1,802 1,776 3 1,774


26 12 14 288 232 56 619 142 477
21 21 149 149 154 154
12 12 90 90 58 58
12 1 12 112 6 106 72 7 65
-8 8 3 -3 50 -50
-3 -3 -11 -11 -6 -6


2,367 10 2,357 16,918 257 16,661 16,187 218 15,969


-41 -41 -1,383 -1,383 1,103 -1,103

26 26 169 169 153 153
543 ... 543 1.147 1,147 246 246
7 .. 7 51 51 29 29
1 1 22 .. 22 203 203

576 ... 576 1,388 .. 1,388 631 631

1,620 1.813 -193 8,922 9,390 468 6,930 7,606 -676

26 26 145 .145 111 111
15 15 141 141 151 151
126 ...... 126 944 944 663 663
-3 .. -3 -17 -17 -27 -27
12 12 73 73 78 78
22 ...... 22 137 137 132 132


Table continued on next page.


Classification








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable y Gross Applicable
Outlays Receipts uas Outlays Receipts uta Outlays Receipts Outlays


Department of the Treasury:-Continued
Internal Revenue Service:
Salaries and expenses .... .. ........ $11
Processing tax returns ......... .............. 194
Examinations and appeals ... ..... .. 178
Investigation, collection and taxpayer service .......... 144
Payment where earned income credit exceeds liability for tax 2160
Refunding internal revenue collections, interest .. ..... 152
O their ...................................... .. 1

Total-Internal Revenue Service .... ........ 840

United States Secret Service .. ...... ... .. 41
Comptroller of the Currency ......... .... 21
Interest on the public debt:
Public issues (accrual basis) ............... .. 13,838
Special issues (cash basis) ............... 3,570

Total-Interest on the public debt .... .... 17,407

Other ... ......... ... .......... ........ 4
Proprietary receipts from the public ... ... ... .
Receipts from off-budget Federal entities .............
Intrabudgetary transactions ................... .... -1,637


$11 $64
194 1,165
178 1,240
144 955
160 2,521
152 1,060


$64 $58
1,165 921
1,240 1,014
955 754
2,521 1,318
1,060 1,203


$1 1 6 $4 2 3 $2 (")

1 839 7,010 4 7,006 5,271 2 5,269

.. 41 250 250 204 .. 204
1 20 151 106 45 118 108 10

...... 13,838 112,174 ...... 112,174 104,052 ..... 104,052
. .. 3,570 25,336 25,336 21,524 21,524

...... 17,407 137,510 137,510 125,576 ... 125,576

... 4 21 21 87 .... 87
531 -531 ... 2.094 -2,094 .... 2,274 -2,274
..... -424 -424 -300 .... 300
-1. 637 -12,111 1 -12,112 -11,718 .. -11,718


Total-Department of the Treasury ................ 19,027 2,346 16,681 142,758 11,594 131,165 126,803 9,991 116,812


Environmental Protection Agency:
Salaries and expenses ........ .. ........
Research and development .. ... ... ..
Abatement, control, and compliance ... .. ..
Construction grants ............ .
Hazardous substance superfund ...........
O their .... ........... ..... ...
Proprietary receipts from the public .. .......
Intrabudgetary transactions ... ............. .

Total-Environmental Protection Agency ...........

General Services Administration:
Real property activities .. ......
Personal property activities .. ...........
Information Resources Management Service .......
Federal property resources activities ... .....
General activities ... ...... .... .
Proprietary receipts from the public .... ...
O their ........ ... ...

Total-General Services Administration ............

National Aeronautics and Space Administration:
Research and development ... ..... .
Space flight, control, and data communications ....
Construction of facilities ......... .
Research and program management .. ...
Other ......... ..
Total-National Aeronautics and Space
Administration ................... ...........

Office of Personnel Management:
Government payment for annuitants, employees
health benefits ....... .. ..... ... .
Payment to civil service retirement and disability fund
Civil service retirement and disability fund .
Employees health benefits fund .. .. ..
Employees life insurance fund ... ...
Retired employees health benefits fund ......
O th e r . . . ... .. .
Intrabudgetary transactions:
Civil service retirement and disability fund:


78 .... 78 534 ...... 534 445 .. 445
20 20 134 134 136 ..... 136
55 55 359 ... 359 367 ... 367
167 167 1,644 1,644 1,927 1.. ,927
43 43 513 513 295 ... 295
2 ...... 2 137 ('*) 137 654 1 653
5 -5 30 -30 .. 12 -12
........ -125 -125 -650 -650

365 5 360 3,196 30 3,166 3,174 13 3,161


153 .... 153 -476 .... -476 -270 6 -277
3 3 180 180 169 ... 169
-2 .. -2 -117 ... -117 -39 -39
4 4 -6 -6 -12 -12
13 13 90 ... 90 85 .. 85
... 2 -2 79 -79 38 -38
.. 2 -2 .10 -10 .... -22 22

172 3 169 -329 89 -418 -67 22 -89


232 .. 232 1,894 1,894 1,447 1,447
371 371 3,088 3,088 2,419 2419
14 ... 14 105 105 102 102
160 160 1,090 1,090 911 911



777 ...... 777 6,177 ...... 6,177 4,879 ...... 4,879


192
('') .
2,399
717 820
99 279
1 1
21


General fund contributions ..... .... ....... (")
Other ................ ............ -3

Total-Office of Personnel Management ............ 3,427 1,101


192 1.346 1.346 1.024
(") 1 1 1
2,399 18,658 ..... 18.658 16,696
103 5,696 5,761 -65 4,822 4.627
-180 691 1,237 -547 649 1,160
(") 8 8 1 9 7
21 103 103 106


1,024
1
16.696
195
-511
2
106


(' ) -1 1 1 -1
3 -22 22 22 ..- 22

2,326 26,480 7,006 19,473 23,285 5,794 17,491


Table continued on next page.







Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued


This Month


Current Fiscal Year to Date Prior Fiscal Year to Date


Gross Applicable Outls Gross Applicable utlas Gross Applcable Outla
Outlays Receipts Outlays Receipts Outlays Receipts uly


Small Business Administration:
Public enterprise funds:
Business loan and investment fund
Disaster loan fund.............
O their ...... ... ............
Other ....... ........ ..


$66 $74
. 15 45
1 2
.. .. 32


-$8 $667 $597 $70 $1,022 $998
-30 244 468 -224 316 535
-1 31 11 20 21 9
32 213 ...... 213 181


Total-Small Business Administration .............

Veterans Administration:
Public enterprise funds:
Loan guaranty revolving fund .. ... ...
Direct loan revolving fund ... .. ... ...
O their ............. .. ........
Compensation and pensions ..........
Readjustment benefits .. .... ..
M medical care . .. ... .. ..
Medical and prosthetic research ....... ..... .. .
General operating expenses .. .. ...........
Construction projects .. ............
Post-Vietnam era veterans education account ..........
Insurance funds:
National service life .. .. .... .
United States government life ... .......
Veterans special life .. .. .. .
O the r .......... ..... ..... .. ...... ..
Proprietary receipts from the public:
National service life ....... .. ... ....
United States government life .... ... .
O their ........... ....... ... .
Intrabudgetary transactions ....... .


115 121


206 116
1 3
51 35
73 ...
16
1,034 ..
22
84
52
10

90
3
7 4
12 ..

38
( .) (
.... 23
8 23
-8


7 1,155 1,076


$24
-219
12
181

-2


79 1,540 1,542


89 1,892 1,067 825 1,438 1,272
-2 12 27 -15 13 34
16 328 322 7 319 331
73 9,802 ..... 9,802 9,620 ......
16 525 ...... 525 592 ..
1,034 6,839 ...... 6,839 6,153
22 128 ... 128 123 ..
84 557 557 505
52 409 ...... 409 347 ..
10 226 ..... 226 207


90 736
3 25
2 58
12 72

-38
(" ) ......
-23 .....
-8 -131


736 692
25 26
89 -31 53
72 51

282 -282 ......
( *) ( ) ....
286 -286 ....
-131 -67


166
-21
-12
9,620
592
6,153
123
505
347
207


692
26
87 -34
51

296 -296
(") (")
250 -250
S. -67


Total-Veterans Administration ................... 1,652 220 1,432 21,479 2,072 19,407 20,074 2,270 17,804


Independent agencies:
Action ........ .... ... .......... ....
Board for International Broadcasting ....... ......
Corporation for Public Broadcasting .........
District of Columbia:
Federal payment .. ................. .......
Proprietary receipts from the public .........
Equal Employment Opportunity Commission .........
Export-Import Bank of the United States ...........
Federal Communications Commission ...........
Federal Deposit Insurance Corporation ....... .
Federal Emergency Management Agency:
Public Enterprise Funds .......................
Disaster Relief ........ ............ ........
Salaries and expenses .. .......... .......
Emergency management and planning assistance....
Emergency food distribution and shelter program ....
Federal Home Loan Bank Board:
Public enterprise funds:
Federal Home Loan Bank Board revolving fund ...
Federal Savings and Loan Insurance Corp. fund ..
Federal Retirement Thrift Investment Board........
Federal Trade Commission .... .. .... .....
Intragovernmental agencies:
Appalachian Regional Commission .............
Washington Metropolitan Area Transit Authority......
Other ............. ....... ...... ..
Interstate Commerce Commission ...... ... .
Legal Services Corporation .....................
National Archives and Records Administration .........
National Credit Union Administration:
Credit union share insurance fund .. .........
Central liquidity facility ............. ......
O their .................................... .


10 .. ...
17 ..




14 ......
49 208
10 2
732 778

11 24
9 .....
16 ..
25 ..
21


5 5
1,083 906
5 82
7 .

3 (*")

(" ) .. .
4 .
25 ..
7
7 .

-13 7
32 40
4 (**)


10 98
17 124
214


98 103
124 119
214 200


542 ...... 542 459 459
30 -30 ...... 293 -293
14 123 ...... 123 104 ... 104
159 1,207 2,065 -858 1,414 2,732 -1,318
8 69 15 54 57 2 55
-46 10,094 7,563 2,531 6,921 7,493 -572


-13 133 222
9 149 .
16 99 .. ..
25 196 ..
21 92 ..


-89 137 253
149 144 .
99 77 ..
196 195 ..
92 60 ..


(**) 39 37 2 23 33 -10
177 5,096 5,263 -167 6,572 1,354 5,217
-77 19 648 -630 2 36 -33
7 46 46 45 .... 45


3 106 1
26 .. ..
(*) 2 (")
4 30 .. ...
25 206 .. .
7 70 ..


104 92
26 26
2 2
30 29
206 206
70 64


19 103 275 -173 61 197
-8 254 259 -5 171 172
4 -13 1 -13 -9 1


Table continued on next page.


Classification








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts Ouls tlays I Receipts s Outlays Receipts Outlays


Independent agencies:-Continued
National Foundation on the Arts and the Humanities:
National Endowment for the Arts ...............
National Endowment for the Humanities .........
Institute of Museum Services ....... ...
National Labor Relations Board ......... .... .
National Science Foundation ...... ....... ..
Nuclear Regulatory Commission .................
Panama Canal Commission ............. .. .
Postal Service:
Public Enterprise Funds .. .... .......
Payment to the Postal Service Fund ...........


$12
12
(**")
. 13
.... .128
S46
2


32,800 $3,204 -405 22,071 21,881 190 20,616
S. 388 ...... 388 488


S $93
79
.. 15
84
.. 926
255
$293 17

21,615 -999


Railroad Retirement Board:
Federal windfall subsidy ......... ...... ... .. .
Federal payments to the railroad retirement accounts...
Payment to railroad unemployment insurance trust fund
Milwaukee railroad restructuring, administration .... ...
Railroad retirement accounts:
Social Security Equivalent Benefit Account .........
Benefits payments and claims .. ..................
Advances to the railroad retirement account from the
FOASI trust fund ................... .... .
Advances to the railroad retirement account from the
FD I trust fund ........ ............ ..
Disbursements for the payment of FOASI benefits ....
Disbursements for the payment of FDI benefits ......
Administrative expenses .............. .
Interest on refunds of taxes ..........
O their ..... ......... ........
Intrabudgetary Transactions:
Railroad retirement account:
Payments from other funds to railroad retirement
trust funds .......... ...........
Interest on advances to railroad accounts ........
Repayment of advances by railroad retirement board .
Federal payments to the railroad social security
equivalent benefit account .......... .... .
Federal payments to the rail industry pension fund ..

Total-Railroad Retirement Board .................

Securities and Exchange Commission ..............
Sm ithsonian Institution .. .... ......... ...
Tennessee Valley Authority .. ...
United States Information Agency .................. .
Other independent agencies .................. ..

Total-Independent agencies .....................

Undistributed offsetting receipts:
Other Interest ... ..... .. ... .
Employer share, employee retirement:
Legislative Branch:
United States Tax Court:
Tax court judges survivors annuity fund .........
The Judiciary:
Judicial survivors annuity fund .. .....
Department of Defense-Civil:
Military retirement fund ... . ....
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund
(OFF-BUDGET) .. ...
Federal disability insurance trust fund
(OFF-BUDGET) ... .. ...
Federal hospital insurance trust fund .. .
Department of State:
Foreign Service retirement and disability fund ....
Office of Personnel Management:
Civil Service retirement and disability fund .
Independent Agencies:
Federal Retirement Thrift Investment Board:
Thrift Savings fund

Subtotal

Table continued on next page.


..... 28
... (" )
..... (* *)

332
200

..-68

.. 11
68
10
.. 6
9
. .. (* )


2,553
1,647

-530

-28
533
28
41
23
1


.. 2,553
.. 1,647

-530

.. .. -28
.533
28
41
.. 23
1


2,553
1,515

-501

-30
500
28
40
(*")
1


... -37 .. -37 -101 ...... -101
... -240 .. -240 -89 .... -89

575 ...... 575 4,506 ..... 4,506 4,349 ...... 4,349

13 13 86 86 71 71
21 .. 21 166 166 154 ... 154
492 352 140 4,130 3,572 559 4,106 3,377 729
57 (*) 57 549 (*) 549 525 (*) 525
33 4 29 485 26 459 431 32 399

6,279 5,611 668 53,267 41,972 11,295 49,775 37,884 11,891


(*") (*") ... 1 1 .. 902 -902



(* *) ..... (* *) (* *) (' ) (' *) ... (* ')

.- 1 ... .. 1

-1,550 ...... -1,550 -12,171 ...... -12,171 -12.133 .. -12,133


-319 ...... -319 -2,416 ...... -2,416 1,928 .... -1.928

-31 ...... -31 -231 .. -231 -186 .. -186
-156 .... -156 -1,171 -1,171 -1,139 .. -1,139

-5 .... -5 -41 -41 -33 ... -33

-625 .... -625 -4,477 -4,477 -3,783 ...... 3,783


-32 ..... -32 236 -236 -39 .. -39

-2,719 ...... -2.719 -20,743 ... -20,743 -19,242 19.242








Table 5. Outlays of the U.S. Government, May 1988 and Other Periods (in millions)-Continued

This Month Current Fiscal Year to Date Prior Fiscal Year to Date
Classification Gross Applicable Gross Applicable Gross Applicable
Outlays Receipts ys Outlays Receipts Outlays Receipts O y


Undistributed offsetting receipts:-Continued
Interest received by trust funds:
The Judiciary:
Judicial survivors annuity fund .. .. ...
Department of Defense-Civil:
Education benefits fund ..........
Military retirement fund ...........
Soldiers' and Airmen's Home permanent fund .....
Corps of Engineers .. .. ...... .
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund
(OFF-BUDGET) .. ........... ...........
Federal disability insurance trust fund
(OFF-BUDGET) ... ... ... .. .........
Federal hospital insurance trust fund ...... ......
Federal supplementary medical insurance trust fund .
Department of Labor:
Unemployment trust fund ...... ......
Department of State:
Foreign Service retirement and disability fund .......
Department of Transportation:
Airport and airway trust fund ..........
Highway trust fund ......... .... ....
Environmental Protection Agency:
O the r .......... ..... ... ..... ..
Post-closure liability trust fund ..........
Office of Personnel Management fund:
Civil Service retirement and disability fund ..........
Veterans Administration:
United States government life insurance fund......
National service life insurance fund ...............
Independent agencies:
Federal Retirement Thrift Investment Board:
Thrift Savings Fund ..........................
Railroad Retirement Board:
Railroad retirement account ...... ...... ..
O their ........... ...

Subtotal .. ... ............ ...... ....

Unrealized Discount on trust fund investments ........
Rents and Royalties on the Outer Continental Shelf lands.
Sale of major assets ........................ ..

Total-Undistributed offsetting receipts ............

Total outlays ...............................

Total On-Budget ..............................

Total Off-Budget ..............................

Total Surplus ( ) or Deficit ..

Total On-Budget .

Total Off-Budget .. ..


-$2

-13
2,374

(**)


-3,090

-335
-2,414
-426

-1,122

-174

-451
-620

(")
-2

- 8,600

-8
-490


-13

-77
-8

2,886

4


-5,600

96,756

79,149

17,607


$584


584

14,583

14,583

(**)


-13

-77
-8

-2,886

4
584


-6,184

82,173

64,566

17,607

- 22.462

-24.802

* 2.340


3,090

-335
2,414
-426

1,122

-174

-451
-620

(")
-2

8,600

-8
-490


-70 ...... -70

-457 ...... -457
-46 ..... -46

-22,739 ... -22,739

8 .. ... 8
$2,220 -2,220


-43,474 2,220 -45,694

817,875 108,610 709,265

684,506 108,610 575,896

133,369 (*) 133,369

127.489

153.658

S26.169


MEMORANDUM

Receipts offset against outlays (In millions)

Current
Fiscal Year Comparable Period
to Date Prior Fiscal Year

Proprietary receipts .............. ... ...... ............. $22,300 $23,753
Receipts from off-budget Federal entities .............. .. ..... 424 300
Intrabudgetary transactions ............................ ... 89,278 80,818

Total receipts offset against outlays ... .................... 112,001 104,872

'Includes FICA and SECA lax credits, non-contributary military service credits, special benefits for the aged, and credit for unnegotiated OASI benefit checks.
includes $400 million of estimated earned income credit payments in excess of tax liability
3The Postal Service figure represents reporting for the full calendar month of May and is partially estimated. This estimate includes $960 million for postal money orders between May 7th and 31st.


-$7

-24
-3,128
-13
-6


-2,243

-415
-1,975
-547

-968

-152

-424
-591

(")
(")

-7,642

-9
-474


-$7

-24
3,128
-13
-6


-2,243

-415
-1,975
-547

-968

-152

-424
-591

(")
(")

-7,642

-9
-474


-2

-325
-39

18,986

-3


-38,230

773,805

646,281

127,524


$2,737
1,875

5,514

99,576

99,543

33


-2

-325
-39

-18,986

-3
-2,737
-1,875

-43,744

674,229

546,738

127,491

119.878

135.365

S15.487


-


-







Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, May 1988 and Other Periods
(in millions)


Assets and Liabilities
Directly Related to
Budget and Off-budget Activity


Net Transactions
(-)denotes net reduction of either
liability or asset accounts

Fiscal Year to Date


This Month


This Year Prior Year


Account Balances
Current Fiscal Year


Beginning of
Close of
This month
This Year This Month


Liability accounts
Borrowing from the public:
Public debt securities, issued under general financing authorities:
Obligations of the United States, issued by
United States Treasury
Federal Financing Bank

Total public debt securities ...

Agency securities, issued under special financing authorities
(See Schedule B. For other agency borrowing, see Schedule C) .

Total federal securities ..

Deduct:
Federal securities held as investments of government accounts
(See Schedule D).... ..

Total borrowing from the public ........

Premium & discount on public debt securities .......

Total borrowing from the public less premium & discount ..

Accrued interest payable to the public
Allocations of special drawing rights
Deposit funds .
Miscellaneous liability accounts (includes checks outstanding etc.) .. ...

Total liability accounts .................................

Asset accounts (deduct)
Cash and monetary assets:
U S. Treasury operating cash:
Federal Reserve account .
Tax and loan note accounts .. ..

Balance .

Special drawing rights:
Total holdings
SDR certificates issued to Federal Reserve Banks ... .

Balance .

Reserve position on the U.S. quota in the IMF:
U.S. subscription to International Monetary Fund:
Direct quota payments .. .
Maintenance of value adjustments .
Letter of credit issued to IMF ........
Dollar deposits with the IMF ........ ..
Receivable/payable (-) for interim maintenance of value adjustments

Balance .. ..

Loans to International Monetary Fund .. ..
Other cash and monetary assets

Total cash and monetary assets...

Miscellaneous asset accounts .

Total asset accounts ............. ..................

Excess of liabilities ( ) or assets ( -) .. ......... .. ........

Transactions not applied to current year's surplus or deficit
(See Schedule A for details)

Total budget and off-budget federal entitles
[Financing of deficit ( ) or disposition of surplus (-)] ............


$17,681 $169,659
-155


$162,213 $2,335,277 $2,487,254 $2,504.936
.. 15,000 14,845 14,845


17,681 169,504 162,213 2,350.277 2.502,100 2.519.781


468 1,782 443 4,929 6,243 6,711

18.150 171,286 162,656 2,355,206 2.508,342 2,526,492



10,590 59,324 43,121 458,172 506.905 517,495

7,559 111,963 119,536 1,897,034 2,001,437 2,008,997

133 -2.253 175 -9,702 -12.088 -11,955

7.692 109,709 119,711 1,887.332 1,989,349 1.997,041

-14,419 -6,558 -4.442 31,712 39.574 25,154
-95 417 358 6,270 6,782 6.687
386 411 -1.877 9,104 9,129 9.515
-2,264 1.559 -938 13,633 17.456 15.192

-8,699 105,539 112,812 1,948,051 2,062,289 2,053,590




-13,315 -6,249 -1,130 9,120 16,186 2,871
-13,908 -11,221 2,853 27,316 30,003 16.095

-27,223 -17,470 1,722 36,436 46,189 18,966


-47 464 609 9,078 9,589 9.543
....... .. -5,018 5,018 -5,018

-47 464 609 4.060 4.571 4.525



S19.699 19.699 19.699
-347 1,526 1.311 3,230 5.103 4,756
-37 -794 -703 -12.855 -13,612 -13,649
-127 -135 7 -66 -74 201
204 -849 -673 257 -796 592

-306 -251 -58 10.265 10,320 10,013

-62 -234 -267 642 471 409
272 -2.656 -2,322 9,408 6.480 6.752

-27,367 -20,147 -315 60.811 68,031 40,664

-3,763 -1,449 -6,413 5.714 8,028 4,265

-31,130 -21,595 -6,728 66,525 76,059 44,930

+22,430 +127,134 119,540 +1,881,526 +1,986,230 +2,008,660


31 355 338 323 355


S22,462 +127,489 +119.878 +1.881,526 +1,986,554 2,009,015


Ma;r sources of information used to determine Treasury's operating cash include the Daily Balance Wires from Federal Reserve Banks. reporting from the Bureau of Public Debt electronic
translers though ir Treasury F nancial Communications System and reconciling wires from internal Revenue Service Centers Operating cash is presented on a modfed cash basis, deposits are
reftet d, ;i5 receiv d, aInd wlhnrlawals are reflected as processed
Note Dtails i'ar y I! add because ot rounding
Souice i. insi Mrgmnn Sievice Departmenl of the Treasury







Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, May 1988 and
Other Periods (in millions)


Classification


Excess of liabilities beginning of period
Based on compc.,sion of united Dudagel n preceding ci.FIoa
Adiuslment.n dung curranl lical rar for ,:naniqeis rn
comppt.iion uo untd.ed Dudgel
Clasjs,5calion of FDIC iecurai.es s j D'uagelary transactions
Clas,,.f,:airZ n of FSLIC secur,,ee as buagetlar, Iransaclorn

Excess of IaD,,lles Deginning of perlOd current cDassi
Budget surplus I a r delfct
Basea on compoisit.on of unified Dudgril ,n prior 'iscal ear
Changes rn compos.ulon of undfeid Duagel

Total surplus i I or deficl iTaDle 21

Totai-on oudagei jia"ie 2i

Tolal--on udlgei (TalIe 21

Transactlons not applied to current year s surplus or deficit
Selgniorage
Increment on Gold
Proceeds from currency\
Prolit on sale of gold
Net gain I 1ilos1 for IMF loan valuaoion adjustment

Tolal-lransactions not applied to current year S
Surplus or delCFc

Excess of liabilities close of period


Fiscal Year to Date
This Month
This Year Prior Year



51 986 230 51 i88 60ie 1 -3-2 ,


442
92'0

1 986 230 1 981 526 7,4 1-7 0

2'42 r2 469 1i R'8


-'2 162 12' J89 1 19 8'8

2_1 802 153 '68 j35 3r5

2 340 26 169 15 48'


2 ji' 3iL


- 11 48


31 355 338

2.008.660 2.008.660 1.852.809


Table 6. Schedule B-Securities issued by Federal Agencies Under Special Financing Authorities, May 1988 and
Other Periods (in millions)


Net Transactions
(-) denotes net reduction of
liability accounts


Fiscal Year to Date


This Year Prior Year


Account Balances
Current Fiscal Year


Beginning of


This Year This Month


Close of
This month


Agency securities, issued under special financing authorities:
Obligations of the United States, issued by:
Export-Import Bank of the United States .......................
Federal Deposit Insurance Corporation ..... .
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation ...........
Obligations guaranteed by the United States, issued by:
Department of Defense:
Family housing mortgages .. ..... .............
Department of Housing and Urban Development:
Federal Housing Administration .. ........
Department of the Interior:
Bureau of Land Management ........................
Department of Transportation:
Coast Guard:
Family housing mortgages ................ .
Obligations not guaranteed by the United States, issued by:
Department of Defense:
Homeowners assistance mortgages ...........
Department of Housing and Urban Development:
Government National Mortgage Association ................
Independent agencies:
Postal Service ..... ....... ......
Tennessee Valley Authority ........ ..

Total agency securities .................................


$16 $813

482 2,178


-4

2 -73


468 1,782


-$6 (*)
173 $200


920 2,616


51 178 103


200 1,965

250
-245 1,380

443 4,929


....No transactions
('')Less than $50000000
Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.


Classification


This Month


("*)
$1,030


( *)
$1,013

3,097


( *) ( *)


6,243


6,711


---------------------------------------







Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
May 1988 and Other Periods (in millions)


Borrowing from the Treasury:
Housing and Other Credit Guarantee Program, AID .................
Commodity Credit Corporation .... . .......
Commerce Fishing Vessels NOAA ............... ......
Export-Import Bank of the United States .................. ..
Federal Emergency Management Agency:
National Insurance Development Fund ........... ..... ........
Federal Financing Bank .............. .............. .. .
Federal Housing Administration:
General insurance .. ...... .... . ..
Special risk insurance ...... . ... .... ..... .
General Services Administration:
Pennsylvania Avenue Development Corporation ..................
Rural Communication Development Fund ............... .........
Rural Electrification Administration ................ ............
Rural Telephone Bank ............... ............ .. ......
Secretary of Agriculture, Farmers Home Administration:
Rural housing insurance fund .................. ..
Agricultural credit insurance fund .................... ... ....
Rural development insurance fund .......... ...... ....
Federal Crop Insurance Corp .... . ...... .... .
Secretary of Education:
College housing loans ............ .... .......... .
Secretary of Energy:
Alternative fuel production, DOE ..................
Bonneville Power Administration .......................... ....
Secretary of Housing and Urban Development:
Housing for the elderly or handicapped ................. ......
Low-Rent Public housing .....................................
Urban renewal fund .. .......... ......... .......
Secretary of the Interior:
Bureau of Mines, helium fund .. .............. .......... .
Railroad retirement account. .. .. ......... ........ .....
Railroad retirement social security equivalent fund .. .... .... .....
Secretary of Transportation:
Aircraft purchase loan guarantee program ............... .. ...
Federal ship revolving fund ...................................
Railroad revitalization and improvement ..........................
Rail service assistance .....................
Regional rail reorganization ......... .................. .
Smithsonian Institution:
John F. Kennedy Center parking facilities .... ... ...
Tennessee Valley Authority .. ....... .. ........
Veterans Administration:
Veterans direct loan program .......
Ocean Freight .............. .......... ................

Total agency borrowing from the Treasury
financed through issues of public debt securities ..........


. .. .. $20 $20 $20
$341 -$10,237 -$1,192 20,969 10,391 10,732


-108 -7,015

40 265
......... 60



. .... 1,221


415 505
885 -970
320


-265 -265


4
. .. 4

150
100 400




191 1,187

-5
........ 5









9 ... 324


1,599 -16,793


14 97
-765 140,786

-40 1,521
-57 1,915

50
25
95 7.924
.759

,220 3,986
810 9,457
190 2,396
113

2,049


1,844

5,901
1,300


252
2,128
2,144

6
420


128

20
150

1,730
16


102
133,879

1,746
1,975

50
25
6,703
759

4,076
7,602
2,716
113

2,049


1,848

6,051
1,600


252
2,128
3,140


172 208,106 189,714


102
133,771


50
25
6,703
759

4,491
8,487
2,716
113

1,784


1,848

6,051
1,700


252
2,128
3,331


191,313







Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Public Debt Securities,
May 1988 and Other Periods (in millions)-Continued


Borrowing from the Federal Financing Bank:
Funds Appropriated to the President:
Foreign military sales ... .. .
Overseas Private Investment Corporation ......
Department of Agriculture:
Rural Electrification Administration .. ...
Farmers Home Administration:
Agriculture Credit Insurance Fund ..
Rural Housing Insurance Fund .....
Rural Development Insurance Fund .......... .....
Department of the Navy ..............
Department of Education:
Student Loan Marketing Association .......
Department of Energy ....... ....
Department of Health and Human Services, Except Social Security:
Medical Facilities Guarantee and Loan Fund .
Department of Housing and Urban Development:
Low Rent Housing Loans and Other Expenses ........
Community Development Grants ............. ...
Department of Interior:
Territorial and International Affairs ......
Department of Transportation:
Grants to National Railroad Passenger Corporation ...
General Services Administration:
Federal Buildings Fund ......... .. .....................
National Aeronautics and Space Administration:
Space Flight, Control and Data Communications .................
Small Business Administration:
Business Loan and Investment Fund .......
Independent Agencies:
Export-Import Bank of the United States .......... ...
National Credit Union Administration ...... ...........
Postal Service .. . .
Tennessee Valley Authority .. .. ... ........
Washington Metropolitan Transit Authority .. ........

Total borrowing from the Federal Financing Bank ..........


$135 -$575 $
-1


14 -2,149

-175
-2,180
-2,980
-29


50 50


.138 $19,164 $18.453 $18,589
- 1 1 ..

130 25,438 23,274 23,289


28.010
8,048
28,951
1,788

4,940


27.835
5,868
25,971
1.759

4,940


-13 192 192

-37 -37 2,074 2,037
-34 26 355 322


-4 395 392

79 809 949


97 1,662


12,463
111
4,353
18,210
177


58 -7,265


1,611

11.488
115
5,853
18,703
177


472 157,258 150,052


11,488
107
5,592
18,733
177

149,994


Note: This table has been expanded to include lending by the Federal Financing Bank accomplished by the purchase of agency financial assets, by the acquisition of agency debt securities.
and by direct loans on behalf of an agency The Federal Financing Bank borrows from Treasury and issues its own securities and in turn may loan these funds to agencies in lieu of agencies borrowing
directly through Treasury or issuing their own securities

Note: Details may not add to totals because of rounding
Source: Financial Management Service. Department of the Treasury.
No transactions.
(*) Less than $500.000


27,835
5,868
25,971
1.759

4,940
50







Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 1988 and
Other Periods (in millions)


Federal funds:
Department of Agriculture ................... .

Department of Commerce ............ .............
Department of Energy ................... ... .
Department of Health and Human Services .. .... ..
Department of Housing and Urban Development:
Federal Housing Administration:
Federal Housing Administration fund:
Public debt securities ................... ......
Agency securities .. .. .....
Government National Mortgage Association:
Management and liquidating functions fund:
Public debt securities .............. ...
Agency securities ..... .. ..... .....................
Guarantees of mortgage-backed securities:
Public debt securities .......... .................
Agency securities ....... .
Participation sales fund:
Public debt securities .. ..... ..... ..............
Agency securities .....
Housing Management:
Community disposal operations fund:
Agency securities ....... ..........
Other .................. ..... ........... .. ....
Department of the Interior ....... .......... .. ........... .
Department of Labor ..... .......... ................. ....

Department of Transportation ............... .... .........

Department of the Treasury ............ ................
Veterans Administration:
Veterans reopened insurance fund .................. .....

Independent agencies:
Export-Import Bank of the United States .. ......
Federal Emergency Management Agency:
National insurance development fund ................ .....
Federal Savings and Loan Insurance Corporation:
Public debt securities .................. ......... ........
Agency securities .... .................
Postal Service .. . ...... ......
National Credit Union Administration .. .. .. .
Other ....... ............................ .
Total public debt securities ...................
Total agency securities ...........

Total Federal funds .............. .................

Trust funds:
Legislative Branch:
United States Tax Court ........ .
Library of Congress .. ....... ......

The Judiciary:
Judicial survivors annuity fund .....

Departm ent of Agriculture ...................................

Department of Commerce ..... ......... ..................
Department of Defense-Military .. .... .. .
Department of Defense-Civil ...... ..........
Other..... ............ .
Department of Health and Human Services:
Federal old-age and survivors insurance trust fund:
Public debt securities .... ..........
Agency securities ......... ..........
Federal disability insurance trust fund ... ....
Federal hospital insurance trust fund:
Public debt securities ........ .
Agency, securities ... .. ......
Federal supplementary medical insurance trust fund ,
O their ....... .. .. .
Table continued on next page.


$2 $2 $6 $8

(") 2 (") 15 18
$6 173 115 1,506 1,674
-5 -7 9 12 10


46 -484 1,024
-84 (")


75
-6

132
-7

-1,042
-12



(**)
-182
297

12

2,539

-3


159 149

104

310 2,443
-55
531 578
15 204
16 124
48 5.117
-164

48 4,953


237
-2

171
8

-117




(**)
-2.765
-40

15

2,229

1


856

105

-4,205
(")
556
144
55
1,608
6

1,602


6,482
134


71
72

1,522
17

2,164
12



(")
1,249
479

160

2,945

627


443

196

826
55
4,588
1,561
1,242
26,098
290

26,388


6,044
50


(")
1,000
786

177

5,445

630


433

300

2,959

5,697
1,749
1,350
31,166
126

31,292


(" ) ( ) ( *)
( ) 1 2


1 6

1 11

..... (* *)
("*) ( ")
2,178 11,248
38 163


2,370

48

741

205


26,070

32

9,009
-175
899
1


2

32

( *)
-3
9.605
185


16,825

537

7,305
50
-1.718
35


119 123

14 24

(")
8 8
30,637 39,707
769 894


58,356

7,193

50,374
405
6,166
5


82.056

7,272

58,642
230
6.860
6


592

300

3,269

5,166
1,764
1,366
31,214
126

31,340


125

25

( *)
8
41,885
932


84.426

7,225

59.383
230
7,065
6







Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 1988 and Other Periods
(in millions)-Continued

Securities Held as Investments
Net Purchases or Sales (-)Current Fiscal Year
Current Fiscal Year
Classification Fiscal Year to Date Beginning of
This Month Close of
This Year Prior Year This Year This Month This month


Trust funds:-Continued
Department of the Interior .. ........ -$41 $74 $73 $212 $327 $286
Department of Labor:
Unemployment trust fund .......... .. ........... 6,107 5,835 4,435 27,917 27,645 33,752
Other ................... ........ ... -10 -15 -8 33 28 18
Department of State:
Foreign service retirement and disability fund .............. -37 135 226 3,474 3,645 3,609
O their ............ ......... ... ...... (" ) ( ) .. ( ) (* *)
Department of Transportation:
Airport and airway trust fund ........ ....... 9 618 761 9,937 10,547 10,556
Highway trust fund ..... .......... ......... -271 1,732 2,455 12,691 14,694 14,423
Other ............... ... ......... ... 23 33 23 363 373 396
Department of the Treasury .... ........ ............... -3 -35 -3 134 103 99
Environmental Protection Agency .... .... ........ 61 453 105 737 1,129 1,190
Office of Personnel Management:
Civil service retirement and disability fund:
Public debt securities ... ......... ..... -1,379 -2,361 3,140 176,748 175,766 174,387
Agency securities ...................1 .......... 175 ......... 175 ....
Employees health benefits fund ............. ........ 104 70 -194 1,208 1,174 1,278
Employees life insurance fund ... .......... ...... .... 178 572 511 8,078 8,472 8,650
Retired employees health benefits fund .............. ... ....... -1 -2 2 2 2
Veterans Administration:
Government life insurance fund ........... .. .............. 4 -16 -17 222 209 206
National service life insurance:
Public debt securities ....................... ..... -56 75 82 9,990 10,121 10,065
Agency securities .................. .. ............. ... .- 35 ......... 135 100 100
Veterans special life insurance fund ...... .... ........ -3 31 34 1,093 1,126 1,124
General Post Fund National Homes .... ........ ......... 2 1 1 21 20 22
Independent agencies:
Federal Deposit Insurance Corporation ........ ....... .. 51 -1,681 404 17,040 15,308 15,359
Federal Emergency Management Agency ........ .......... ... ( ") ( *) 1 1 1
Harry S. Truman Memorial Scholarship Trust Fund.. ........ 1 3 1 45 46 48
Japan-United States Friendship Commission .... .......... 1 2 1 17 18 19
Federal Retirement Thrift Investment Board ........... .... 139 979 244 727 1,568 1,707
Railroad Retirement Board ........ ....... .. ........ 185 796 797 6,688 7,299 7,484
Other ............ ... ... ........... ..... .... .... (" ) 15 42 47 62 62

Total public debt securities ........ ..................... 10,542 54,756 44,773 431,069 475,283 485,825
Total agency securities ...... ... ........ ............ .... .. -385 -50 715 330 330

Total trust funds ...................................... 10,542 54,371 44,723 431,784 475,613 486,155

Grand total ............................... ..... ............. 10,590 59,324 43,121 458,172 506,905 517,495

.No transactions.
("*)Less than $500,000.
Note: Investments are in public debt securities unless otherwise noted.
Note: Details may not add to totals because of rounding.
Source: Financial Management Service. Department of the Treasury.








Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)


Classification




Receipts
inai,.,duaIl .nromm. lr,
Cirp, r ai l ,rn.;r.m e la.:, .
So. 31 ni-urrn..:? Ij3, 3ar.
C o.rlr.Du l rjn-
Em:i -!in. iLsu ano
Lc.ril.,iulrini
IJ1. -T, rnI.:,rt.r.I ,i:.ura ..'
Oire-r rei,,' nmr-nl .:O,'crrE.ui.n
E c-.e are-s

CuETil .,rd f 3uI ,
M L ellan.i:.'._ r.:ie.plis

Total-budget receipts this year

(On-budget)

(Off-budgelt






.. '.,

Outlays

L I la..e B .i- .;1
Trni Ju.-l.^ r,
ET .:ul.. O' ,Ht e jl o ( P eia,..nl
FurinJd AD'ro'iatO-e 10 Tre Pre- i.]rl,-
Inrl[rnarii:.nal tCcur'itg a 55s l13n.:e
Inl|erTi IIi.nal die.elo'pmerl i;l1rn:iC
ClIn.'r
Desprimrenr of ? fr.:ullur.?
For e g'r. aj,-.13rlnc pe,:'a31 l*?pon
p.r.'. ,."i an.j C,:.mm .-..3r Cr41l,1
Cci'rri-yoI. n
Or.e-r
Der.a~'mlent ,1 Co.mrr.rTr.:e
Cidrlrrnfnl .:'l1 CDltrie
r.1,lIir,
D-pirlm'ln.- i inD r- my
Drp. ,rTimen Ol In.h Jrmy
Dipcj rlm nei .-. in- i j 3.,
DE.parrneTrI the Ar F.:.r:e












HI-M.n e r,,.: nq
,JTir..-i'i cI E.3.rij r. r,





C F..ir..Trn .ji H Iin- .nldr Huima
lr-r. r e e t ur .l,
F" jIh. H.-,llin j r...:





Fr.J.9 .:p l Ir Ir
Fr iJ..i: J.i'i In.-. r. Iru.ai
,jr,,j


F .,T uj i.rI J- |,,,,T, .,. I[ i',,[l
Hurt-i Ci.-....L.pn:i-r.. n r .n: -

Cl. l- irTl- .- T H. jllr. jniJ Hurmr, r

P a i cl al ,-,l.1 3 _l- 1-n.3 sjr.,..'r:,r ,,,
I., I lu ,. ..


ab nri, o


Table continued on next page.


March


Sept.


Fiscal
Year
To
Date


-F F + 4 4 1 1 1 + 4 1 ~J 4 4


$32 429 525 039 ,36 53' $43 98' 2'5 651 120 637 i5 334 il' 958
1 ASc 1 66" 17 "413 3630 975 1 -06 12 026 1613


JO '91

431
2 551
6u0
1 340
1 392

62.354

45.992


.10 "'25
2 667
364
2 848
8 17
1 253
1 8071


22 '.35
i'0
457
3832
540
1 36"
2 141


26 920
883
360
2 3'1
531
1 21
I 893


25 739
2 399
362
2 199
566
1 301
1 164


25 141
179
356
2 885
622
1 444
1 '60


24 948
8 0'3
3"5
3 0.55
-51
1 282
1 657


56.987 85.525 81 791 60.355 65.730 109.323 59.711


r 1 >1 1 T T------r~ s~=~


40.630 67.645 60.645 40.610 44.958 81.993 39.764


Com-
parable
Period
Prior
F.Y.


1255 572 $253 467
52 221 48523


201 462
17 804
3 121
22 506
4984
10408
13699

581,776


422.238


182 938
18 048
3 160
20 989
5 141
9558
12529


16 362 16.357 17.880 21.146 19.745 20.772 27.330 19.947 159.538

v '' vt .i '.'.' J .'i ..l


4i ; -1


,il 4'1JJ


___- S -t -


I ISJ I iy ," .


15'
83
8

8'1
464
82



5 115
2 30
153


S423
8 506
a 060
,- 65

25 2"4

1 6829
1 386
952






2 441


30l'




1 :4








L.
8.4 ~


85
15


584






3 283
1 911
I'9


5 356
183
'015
1 h:5

20 660

1 814










-39

S 19




. 339
I AA3
'5"


182
90
8

356
647
91
116




1 543
2 263
243
a,-

990
9 28,3
9 1 '72
1 911

28 356







*1 1 4




4 4 "9




2 023
ti1
130
44- .


I' .1 31 9- 7


; II


.' -I


4'.' I I I l I /. / J


" Jf,


/IJ V'9.


3 ______ t- t _____3 -t I ____I_____I I_____ ___


8 6 9-30


2 398 -4
38"3 J'?"2

'550 -" I'4
2?2 3394

l 4A6 i"i'5
S60 1 6'
3665 3191




316 16258


*nt,1 191


426 995 900 3 04I 15062 203671
216 3 303 -.49 3338 [ 19 104 19 157
139 206. 11 1'92 1 487 1 505'


I 618
1 54'
993


2 6'3 26
5 24'. 4 432

3 1.8 2914
359 3 03'
I 1419 39 411
j 133 1 35"
14.9 -:.-.':
Slf I j IF. .



Ir.i 54 f, 4,14

1 86.3 I 920
I12'1 026


20;"'

i 853

:I 'I 3q


S04
1 0 "5




4 130




363
1 1 "

311-
5
3 11


51 962 49 075:
63433 60 253
62 004 59 922'
11 302 12093

188'00 181 3421


14- 553
12 582
620


1 469


19 -11
34 t..'

'2 '65
16 295
'2 630
'l" .30
9 11'
3 988
238 01



128 98'

14 8,36
4 3bi


13 664
11 9201
7 120


6 42')


180321
34 219'

19946
14 215
11 '91
9 529
3816
18 351


,'..' 0"l


1r? 2?" 23 066







Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 1988 (in millions)-Continued



Fiscal Co-
Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. Year Period
To Period
Prior
F.Y.


Outlays-Continued
Department of Housing and Urban
Development ... ...... ........
Department of the Interior ...... .
Department of Justice .... .....
Department of Labor:
Unemployment trust fund........
Other .......... ........
Department of State ...... .....
Department of Transportation:
Highway trust fund ............
O their .......................
Department of the Treasury:
Interest on the public debt ......
O their .......................
Environmental Protection Agency ...
Genera! Services Administration....
National Aeronautics and Space
Administration ................ .
Office of Personnel Management ...
Small Business Administration .....
Veterans Administration:
Compensation and pensions .....
National service life ............
Government service life .........
O their ........ .. .... ... ...
Independent agencies:
Postal Service ........... ....
Tennessee Valley Authority .....
Other independent agencies .....
Undistributed offsetting receipts:
Employer share, employee
retirement ...................
Interest received by trust funds ...
Rents and royalties on Outer
Continental Shelf lands ........
Other ........ ...... ...

Totals this year:
Total outlays .................

(On-budget) ................

(Off-budget) ................

Total-surplus (+) or deficit (-)..

(On-budget) ...............

(Off-budget) ..................

Totals-outlays prior year ..........

(On-budget) .................. .

(Off-budget) ........... ....... .

Total-surplus (+) or deficit (-)
prior year ................... ..

(On-budget) ................

(Off-budget) ...............


$1 962
592
39'

1 01?
-95


1 276
1 024

14 115
2 318
393
-544

936
2 400
241

2 352
52
3
1. 232

355
138
828


51 421
406
340

1 122

280

1 149
1 039

16623
-711
403
294

7-2
2 193
34

44
45
3
802

149
97
2 223


- 551
-2 116

440


11 900
439


1 450.
447
47.9

I 246
954

30 355
1 271
415
299

843
2 324
-45

2 342
51
3
1 374

-85
104
263


-2536
16 654

234
5


i1 361
408
40-

1 488
582
159

837
1 037

14 674
7'3
391
452

622
2554
-45

44
62
3
1 102

439
-289
1 774


1 396
336
431


395
242

945
S016

15043
141
389
93

606
2 392


1 192
47
2
917

233
145
101


51 605
34
407

1 843
28
221

741
1 049

14 436
536
422
1 75

804
251C
2i

1 33.
79
4
1 138

34:
5-
2 703


S1 698

513

1 427
429
222

801)
1 191

14 856.
1521
392


816

--.4
2 3
26




1 257

11
16'
1 333


11 32'
356
-145

1 328
591
230

1 203
1 154


726
360
169


2 326
;- 3-


73
c.
1 3 0.
l i:il

140
I 9i3
933


$12 669
3 21?
'3 4 'i










6 346F
1 451
6 133








412

6, 177
19 r'3
-9

9 802


9 125

5.78
559
10 '58


20 ri43
22 '39

2 :20


f 10 0 .i.
3 314
2 636

13 625
394
1 853

S38'


125 5 '6
8 764
3 161



1' 4191

I 6-',l
9:.

26


-51 1




19242
- i8 ?86

2 73'
80


93.055 83.911 109.771 65.786 84.260 94.877 95.433 82.173 709.265

76.870 67.140 77.876 66.573 66.507 76.858 79.508 64.566 575.896

16.185 16.770 31.896 -787 17.753 18.020 15.925 17.607 133.3691

30.701 -26.924 -24.246 16.005 23.905 -29.147 13.890 -22.462 127,489

- 30878 -26.510 10.230 -5.928 -25.897 -31.899 2.485 24.802 153 658

+ 176 -414 14.016 *21.933 1.992 +2.752 11.405 +2.340 .26.169

.J |3 .' ll |/.;J ';'1 Jl/J t *' *1 4 .f j.1 \J JJ *. I.I .'. .- .

i : .; ..' r." i/..' ,' .'J "

I/ JR.' It..t. 11 J !i ,-, ,A '**l it. A : I: ''


4 -s .' .. -1 -1, 'vi

.'J .- ,.; 1 I ..; '; .' : l .I- j.
.Ii


- I '.J.


+ ~1 i .


I 11,


, .. J -


....No transactions.
(*)Less than $500,000.
Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury,


. %'4








Table 8. Trust Fund Impact on Budget Results and Investment Holdings (in millions) as of May 31, 1988


Trust receipts, outlays, and Investments held:
Airport ... ....
Black lung d sar ,. t ...... .........
FDIC .... ......... ... ....... ..
Federal disability, insurance .. ...
Federal employees life and health .....
Federal employees retirement........
Federal hospital insurance .... .
Federal old-age and survivors insurance ....
Federal supplementary medical insurance ...
Highways ..... ........ ......
.1,itar, advances ... .......
Railroad retirement... ... ..... ..
r.1tlar, retire ent ............
Unemployment .. .. .. ..
Thrift savings ..
Veterans life insurance .. ..........
All other trust .. .. .. ..


$286 $260 $26 $2,512 $1,839 $673 $9,937 $10,547
55 53 2 431 428 3 ...
-46 46 .... 2,531 -2.531 17,040 15,308
1,811 1,856 -45 14,837 14,836 (") 7,193 7,272
.. 283 283 ...... -611 611 9,287 9,647
1,109 2,424 -1,315 16,558 18,848 -2,290 180,516 179,535
4,959 4,130 828 43,859 34,667 9,192 50.779 58,872
18,797 16,411 2,386 155,156 128,987 26,169 58,356 82,056
3,109 2,867 242 23,360 22,765 595 6,166 6,860
1,064 1,203 -139 9,708 8,197 1,511 12,691 14,694
877 708 168 5,665 6,075 -410 ..
347 547 -200 3.312 4,268 -956 6,688 7,299
3,925 1,601 2,324 26,804 12,579 14,225 30,637 39,707
8,090 1,328 6,761 19,064 11,450 7,614 27,917 27,645
127 4 122 956 19 936 727 1,568
40 95 -55 784 730 54 11.440 11,557
260 277 -18 2,405 2,390 14 2,409 3,046


Total trust fund receipts and outlays and
Investments held from Table 6-0 ..... 44,855 33,439 11,415 325,409 269,999 55,410 431,784 475,613


Irler'urn, Ir ir, jn..:lon


8 113 -8 113


Truil lunid ri?,:C .,i and. outlaf on the Dbass
oi I.3rcle: i ,4 5

Tolal federal fund receipts and outlays

Iri] rlu- .3 rrar. a-.:i.:.n,.

F.derral lur,( ro., ,pIl & Outla S On Irne bass
:.1 ,3Di I f


le buCli,,r, ,'..-,'',l31r rece'P IS

Net budget receipts & outlays


364 '3 25327 11 .15 248 104 192693 55410

24.869 58.746 33.877 347.077 529.976 -182.899


31 31


36" 36'


24 838 58 715 33 87? 346710 529 609 182899


1 869 189 1303' 1303'

59.711 82.173 -22.462 581.776 709.265 127.489


.No transactions.
('")Less than $500,000.
Note: Interfund receipts and outlays are transactions between Federal funds and trust funds such as Federal payments and contributions, and interest and profits on investments in Federal securities
They have no net effect on overall budget receipts and outlays since the receipt side of such transactions is offset against budget outlays. In this table, interfund receipts are shown as an adjustment
to arrive at total receipts and outlays of trust funds respectively.
Note Details may not add to totals because of rounding.
Source. Financial Management Service. Department of the Treasury


$10,556

15.359
7,225
9,929
178,121
59,613
84,426
7,065
14,423

7,484
41,885
33,752
1,707
11,494
3,117


486,155


"7 306 77 306







Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, May 1988
and Other Periods (in millions)


Classification This Month Fiscal Year Comparable Perod
To Date Prior Fiscal Year

RECEIPTS
Individual income taxes ........ ............... $17,958 $255,572 $253,467
Corporation income taxes ....... ........... 1.613 52,221 48,523
Social insurance taxes and contributions:
Employment taxes and contributions ........... .. 24,948 201,462 182,938
Unemployment insurance. ......... ...... ..... 8,073 17,804 18,048
Other retirement contributions ................... 375 3,121 3,160
Excise taxes ..... .......... ....... .... 3,055 22,506 20,989
Estate and gift taxes .......... ... .............. 751 4,984 5,141
Customs ....... .. ....... ......... ....... ...... 1,282 10,408 9,558
Miscellaneous ........... ................ ... 1,657 13,699 12,529

Total .......................................... 59,711 581,776 554,351

NET OUTLAYS
National defense.. ....... ....... ..... .... .... 20,967 194,110 186,655
International affairs ......... .......... ... . 907 7,134 7.690
General science, space, and technology .............. 911 7,260 5,833
Energy ......................... .... ..... .. .. 507 1,171 3,179
Natural resources and environment ...................... 1,133 9,147 8,426
Agriculture ........................ .. ............ ... .. 1,304 17,446 22,654
Commerce and housing credit .. ............... ..... 163 7,213 5,509
Transportation ................. ....... ................ 2,427 17,201 16,490
Community and regional development .................. 296 4,191 4,286
Education, training, employment and social services ........ 2,410 20,820 19,789
Health ........... ... .. ........ .... ........ 3,741 29,057 26,225
Medicare .......... ..... ......... ....... ....... 6,220 51,813 49,905
Income security ................. .......... .. .... ... 10,214 88,674 85,452
Social security ............. ...................... 18,267 143,399 135,883
Veterans benefits and services .............. .......... 1,441 19,439 17,703
Administration of justice ................ ........ .. 831 6,034 4,674
General government ... ........ .. ............ ... 1,017 6,291 4,526
General purpose fiscal assistance. ...... ..... .. ........... -30 -293
Interest .............. ... .... .................... 12,719 101,858 93,496
Undistributed offsetting receipts ........... ....... .. -3,303 -22,963 23,853

Total .......................................... 82,173 709,265 674,229


Note: Details may not add to totals because of rounding.
Source: Financial Management Service, Department of the Treasury.






GPO 933593







Explanatory Notes


1. Flow of Data Into Monthly Treasury Statement
The Monthly Treasury Statement (MTS) is assembled from data in the
central accounting system. The major sources of data include monthly
accounting reports by Federal entities and disbursing officers, and daily
reports from the Federal Reserve banks. These reports detail account-
ing transactions affecting receipts and outlays of the Federal Government
and off-budget Federal entities, and their related effect on the assets and
liabilities of the U.S. Government. Information is presented in the MTS
on a modified cash basis.

2. Notes on Receipts
Receipts included in the report are classified into the following major
categories: (1) budget receipts and (2) offsetting collections (also called
applicable receipts). Budget receipts are collections from the public that
result from the exercise of the Government's sovereign or governmental
powers, excluding receipts offset against outlays. These collections, also
called governmental receipts, consist mainly of tax receipts (including
social insurance taxes), receipts from court fines, certain licenses, and
deposits of earnings by the Federal Reserve System. Refunds of receipts
are treated as deductions from gross receipts.
Offsetting collections are from other Government accounts or the public
that are of a business-type or market-oriented nature. They are classified
into two major categories: (1) offsetting collections credited to appropria-
tions or fund accounts, and (2) offsetting receipts (i.e., amounts deposited
in receipt accounts). Collections credited to appropriation or fund accounts
normally can be used without appropriation action by Congress. These
occur in two instances: (1) when authorized by law, amounts collected
for materials or services are treated as reimbursements to appropriations
and (2) in the three types of revolving funds (public enterprise, intragovern-
mental, and trust); collections are netted against spending, and outlays
are reported as the net amount.
Offsetting receipts in receipt accounts cannot be used without being
appropriated. They are subdivided into two categories: (1) proprietary
receipts-these collections are from the public and they are offset against
outlays by agency and by function, and (2) intragovernmental funds-
these are payments into receipt accounts from Governmental appropria-
tion or fund accounts. They finance operations within and between Govern-
ment agencies and are credited with collections from other Government
accounts. The transactions may be intrabudgetary when the payment and
receipt both occur within the budget or from receipts from off-budget
Federal entities in those cases where payment is made by a Federal en-
tity whose budget authority and outlays are excluded from the budget
totals.
Intrabudgetary transactions are subdivided into three categories:
(1) interfund transactions, where the payments are from one fund group
(either Federal funds or trust funds) to a receipt account in the other fund
group; (2) Federal intrafund transactions, where the payments and receipts
both occur within the Federal fund group; and (3) trust intrafund transac-
tions, where the payments and receipts both occur within the trust fund
group.
Offsetting receipts are generally deducted from budget authority and
outlays by function, by subfunction, or by agency. There are four types
of receipts, however, that are deducted from budget totals as undistributed
offsetting receipts. They are: (1) agencies' payments (including payments
by off-budget Federal entities) as employers into employees retirement
funds. (2) interest received by trust funds, (3) rents and royalties on the
Outer Continental Shelf lands, and (4) other interest (i.e., interest collected
on Outer Continental Shelf money in deposit funds when such money
is transferred into the budget).

3. Notes on Outlays
Outlays are generally accounted for on the basis of checks issued by
Government "is.ursn,.] officers, and cash payments made. Certain in-


tragovernmental outlays do not require issuance of checks. An example
would be charges made against appropriations representing a part of
employees' salaries which are withheld for individual income taxes, and
for savings bond allotments. Outlays are stated net of offsetting collec-
tions and refunds representing reimbursements as authorized by law,
refunds of money previously expended, and receipts of revolving and
management funds. Interest on the public debt (public issues) is recog-
nized on the accrual basis. Outlays of off-budget Federal entities are ex-
cluded from budget outlay totals.

4. Processing
The data on payments and collections are reported by account sym-
bol into the central accounting system. In turn, the data are extracted from
this system for use in the preparation of the MTS.
There are two major checks which are conducted to assure the con-
sistency of the data reported:
1. Verification of payment data. The monthly payment activity reported
by Federal entities on their Statements of Transactions is compared to
the payment activity of Federal entities as reported by disbursing officers.
2. Verification of collection data. Reported collections appearing on
Statements of Transactions are compared to deposits as reported by
Federal Reserve banks.


5. Other Sources of Information About Federal Government
Financial Activities

A Glossary of Terms Used in the Federal Budget Process, March 1981
(Available from the U.S. General Accounting Office, Gaithersburg,
Md. 20760). This glossary provides a basic reference document of stan-
dardized definitions of terms used by the Federal Government in the
budgetmaking process.

Daily Treasury Statement (Available from GPO, Washington,
D.C. 20402, on a subscription basis only). The Daily Treasury Statement
is published each working day of the Federal Government and provides
data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available
from GPO, Washington, D.C. 20402 on a subscription basis only). This
publication provides detailed information concerning the public debt

Treasury Bulletin (Available from GPO, Washington, D.C. 20'-Ji0
This quarterly publication provides a summary of statistics concerning
the Federal Government's financial operations, international statistics,
cash management/debt collection, and special reports

Annual Budget Publications (Available from GPO, Washington,
D.C. 20402). There are five annual publications which provide informa-
tion concerning the budget:
-The Budget of the United States Government, FY 19
-Appendix, The Budget of the United States Government, FY 19
-The United States Budget in Brief, FY 19_
-Special Analyses
-Historical Tables

United States Government Annual Report and Apcc', nJ (Available
from Financial Management Service, US. Department of the Treasury.
Washington, D.C. 20226). This annual report presents budgetary results
at the summary level. The appendix presents the individual receipt and
appropriation accounts at the detail level.





















Scheduled Release

The scheduled release date for the June 1988 Statement
will be 2:00 p.m. EST July 22, 1988.

























For sale by the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C. 20402 (202) 783-3238. The subscription price is
$22.00 per year (domestic), $27.50 per year (foreign).
No single copies are sold.







UNIVERSITY OF FLORIDA

3 1262 0905llllll1 I4489
3 1262 09051 4489