the other years

A previous blog concluded that about $738 billion in tax revenues was collected between 1991 and 2002 that was not applied towards the budget deficit nor the federal debt. But how much was collected and not spent from 2003 to 2013.This amount has to be estimated because it is not easily discovered.We start with the increase in the G.D.P. between 2003 and 2013.The economy increased from about$1.20 trillion to near $1.7 trillion.An increase of  $.5trillion or an increase of about 42% or almost 4.5%(not quite10 years).This increase of about 4.5% a year will be applied to the deficit.So the deficit would increase from $42 billion to about $60 billion.At the same time the G.S.T.tax went from about $85 billion to about$110 billion in 2009.In 2009 the tax was changed to 5% from 7% but there still was about $80 billion collected in 2010 and $85 billion in 2012.In very gross terms this would amount to another $220 to $240 billion collected and not spent on the growing deficit.This exercise allows that the deficit will grow by 4.5% per year.

If these increases in the deficit are close to being correct then the total of revenues collected but spent on the deficit would be about $660 billion from 1991 to 2013.This however does not allow for  the huge deficit that the Minister of Finance asked for in 2010 and 2011 and 2012.What can this money be used for?