|
(In billions) |
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year |
2018 |
|
2017 |
|
2013 |
|
2008 |
||||
|
Tax revenues |
$ |
5,018 |
|
$ |
4,878 |
|
$ |
4,164 |
|
$ |
3,833 |
|
Non-tax revenues |
|
698 |
|
|
721 |
|
|
608 |
|
|
112 |
|
Total revenue |
|
5,716 |
|
|
5,599 |
|
|
4,772 |
|
|
3,945 |
|
Transfer payments to individuals other than personnel and subsidies |
|
2,982 |
|
|
2,936 |
|
|
2,447 |
|
|
1,847 |
|
Compensation for personnel past and present |
|
1,691 |
|
|
1,623 |
|
|
1,434 |
|
|
1,304 |
|
Payments to others for goods and services |
|
705 |
|
|
674 |
|
|
646 |
|
|
720 |
|
Capital expenditures |
|
559 |
|
|
534 |
|
|
493 |
|
|
511 |
|
Net interest paid |
|
395 |
|
|
333 |
|
|
295 |
|
|
272 |
|
Other income |
|
(40) |
|
|
(31) |
|
|
(35) |
|
|
(4) |
|
Total expenditures |
|
6,292 |
|
|
6,069 |
|
|
5,280 |
|
|
4,650 |
|
Net deficit |
$ |
(576) |
|
$ |
(470) |
|
$ |
(508) |
|
$ |
(705) |
|
(In billions) |
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year |
2018 |
|
2017 |
|
2013 |
|
2008 |
||||
|
Tax revenues |
$ |
5,018 |
|
$ |
4,878 |
|
$ |
4,164 |
|
$ |
3,833 |
|
Non-tax revenues |
|
698 |
|
|
721 |
|
|
608 |
|
|
112 |
|
Total revenues |
|
5,716 |
|
|
5,599 |
|
|
4,772 |
|
|
3,945 |
|
Establish justice and ensure domestic tranquility expenditures |
|
473 |
|
|
447 |
|
|
400 |
|
|
366 |
|
Provide for the common defense expenditures |
|
874 |
|
|
835 |
|
|
833 |
|
|
741 |
|
Promote the general welfare expenditures |
|
1,447 |
|
|
1,410 |
|
|
1,232 |
|
|
1,021 |
|
Secure the blessings of liberty to ourselves and our posterity expenditures |
|
3,355 |
|
|
3,238 |
|
|
2,678 |
|
|
2,358 |
|
General government and other expenditures |
|
143 |
|
|
139 |
|
|
137 |
|
|
164 |
|
Total expenditures |
|
6,292 |
|
|
6,069 |
|
|
5,280 |
|
|
4,650 |
|
Net deficit |
$ |
(576) |
|
$ |
(470) |
|
$ |
(508) |
|
$ |
(705) |
See accompanying notes.
|
(In billions) |
2018 |
|
2017 |
||
|
Assets |
|
|
|
|
|
|
Cash and other monetary assets (Note 2) |
$ |
1,310 |
|
$ |
1,057 |
|
Accounts and taxes receivable, net (Note 3) |
|
519 |
|
|
491 |
|
Loans receivable, net (Note 4) |
|
1,668 |
|
|
1,588 |
|
Inventories and related property, net (Note 5) |
|
338 |
|
|
327 |
|
Property, plant, and equipment, net (Note 6) |
|
12,414 |
|
|
11,812 |
|
Debt and equity securities (Note 7) |
|
5,075 |
|
|
4,745 |
|
Investments in government-sponsored enterprises (Note 8) |
|
113 |
|
|
93 |
|
Other assets (Note 9) |
|
111 |
|
|
148 |
|
Total assets |
$ |
21,548 |
|
$ |
20,261 |
|
Stewardship land and heritage assets (Note 22) |
|
|
|
|
|
|
Liabilities and equity |
|
|
|
|
|
|
Accounts payable (Note 10) |
$ |
1,064 |
|
$ |
1,002 |
|
Debt securities held by the public and accrued interest (Note 11) |
|
17,798 |
|
|
16,807 |
|
Employee and veteran benefits payable (Note 12) |
|
16,431 |
|
|
15,879 |
|
Environmental and disposal liabilities (Note 13) |
|
577 |
|
|
465 |
|
Benefits due and payable (Note 14) |
|
211 |
|
|
219 |
|
Insurance and guarantee program liabilities (Note 15) |
|
170 |
|
|
203 |
|
Loan guarantee liabilities (Note 4) |
|
38 |
|
|
43 |
|
Other liabilities (Note 16) |
|
479 |
|
|
473 |
|
Total liabilities |
|
36,768 |
|
|
35,091 |
|
Contingencies (Note 18) and commitments (Note 19) |
|
|
|
|
|
|
Accumulated deficit |
|
(15,220) |
|
|
(14,830) |
|
Total liabilities and accumulated deficit |
$ |
21,548 |
|
$ |
20,261 |
See accompanying notes.