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$Title{Table 2.: The National Budget and the Fiscal Investment and Loan Program Selected Years, FY 1973-81}
_________________________________________________________________________________________________________________________________
Initial Budget
________________________________
Average Annual Percentage Change Percentage
___________________________________________ FY 1981 of Total
FY 1973-78 FY 1979 FY 1980 FY 1981 (in billions) Expenditures
_________________________________________________________________________________________________________________________________
Expenditure
Social security ....................... 24.8 11.2 7.7 7.6 8,837 18.9
Public works .......................... 17.8 10.5 1.7 0.0 6,655 14.2
Transfer to local governments ......... 11.0 16.1 23.3 18.7 8,767 18.2
Debt service .......................... 36.4 35.4 30.2 25.3 6,654 14.2
Education and science ................. 18.7 n.a. 5.2 4.8 4,742 10.1
Defense ............................... 14.3 n.a. 6.5 7.6 2,400 5.1
Other ................................. 12.6 n.a. 5.1 5.2 9,018 19.3
______ ______
Total ............................... 18.2 n.a. 10.3 9.9 46,788 100.0
Revenue
Personal income tax ................... 7.8 19.6 23.0 26.7 13,079 28.0
Corporate Tax ......................... 11.9 -6.7 29.3 21.7 10,352 22.1
Other taxes and duties ................ 12.0 13.1 16.3 16.8 8,853 18.9
Other revenue ......................... 7.2 11.5 2.6 11.8 2,234 4.8
______ ______
Total ............................... 10.1 14.0 10.3 10.2 34,518 73.8
Deficit ................................. 43.3 26.2 -6.5 -14.0 12,270 26.2
(Percentage of total
expenditure-end of period) ............ (20.6) (34.7) (33.5) (26.2) n.a. n.a.
Fiscal Investment and Loan Program ...... 11.9 24.2 8.0 7.2 19,489 41.7
______________________________________________________________________________________________________________________________