Comparison of Bush Budget (FY’04) with Past Budget Averages
|
FY’04
Proposal |
Post-WWII
Average (FY’46 - FY’02) |
Clinton
Budgets (FY’94 – FY’01) |
G.H.W. Bush
Budgets (FY’90 - FY’93) |
Reagan
Budgets (FY’82 - FY’89) |
|
| Total Receipts as percent of GDP |
17.0%
|
17.9%
|
19.4%
|
17.7%
|
18.0%
|
| Total outlays as percent of GDP |
19.7%
|
19.5%
|
19.6%
|
22.0%
|
22.3%
|
| Deficit (-)/Surplus as percent of GDP |
-2.7%
|
-1.6%
|
-0.1%
|
-4.3%
|
-4.3%
|
| Annual growth in total receipts (average % change from previous fiscal year, FY96 $) |
2.7%
|
2.9%
|
4.9%
|
0.5%
|
2.5%
|
| Annual growth in total outlays (average % change from previous fiscal year, FY96 $) |
2.2%
|
2.3%
|
1.5%
|
1.9%
|
2.7%
|
| Defense spending as a percent of total outlays |
17.5%
|
35.5%
|
17.1%
|
21.7%
|
26.7%
|
| Non-defense discretionary spending as a percent of total outlays |
19.2%
|
19.4%*
|
17.6%
|
16.6%
|
17.1%
|
| Net interest costs as percent of total outlays |
7.9%
|
10.5%*
|
13.9%
|
14.5%
|
13.2%
|
| Other mandatory spending as a percent of total outlays |
55.4%
|
41.6%*
|
51.4%
|
46.2%
|
42.9%
|
| Debt held by public at end of fiscal year as percent of GDP |
36.9%
|
44.0%
|
43.0%
|
46.3%
|
36.7%
|
| Gross Debt at end of fiscal year as percentof GDP |
64.8%
|
56.2%
|
63.4%
|
61.8%
|
45.4%
|
| * includes only data back to 1962 since the distinction between discretionary and mandatory began only in that year. | |||||
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