[Historical Tables]
[Section 15 - Total (Federal and State and Local) Government Finances]
[Table 15.6 - Total Government Surpluses or Deficits (-) in Absolute Amounts and as Percentages of GDP: 1947-1995]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 261]]
Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1947-1995
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In Billions of Current Dollars As Percentages of GDP
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Federal Government State and
Fiscal Year Total ------------------------------------ Local Total Total State and
Government (NIPA Government Federal Local
Total On-Budget Off-Budget Basis)
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1947.................................................... 5.6 4.0 2.9 1.2 1.6 2.5 1.8 0.7
1948.................................................... 12.4 11.8 10.5 1.2 0.6 5.0 4.8 0.2
1949.................................................... 0.4 0.6 -0.7 1.3 -0.2 0.2 0.2 -0.1
1950.................................................... -4.4 -3.1 -4.7 1.6 -1.3 -1.7 -1.2 -0.5
1951.................................................... 5.6 6.1 4.3 1.8 -0.6 1.8 1.9 -0.2
1952.................................................... -2.0 -1.5 -3.4 1.9 -0.4 -0.6 -0.4 -0.1
1953.................................................... -6.2 -6.5 -8.3 1.8 0.3 -1.7 -1.8 0.1
1954.................................................... -1.4 -1.2 -2.8 1.7 -0.3 -0.4 -0.3 -0.1
1955.................................................... -4.6 -3.0 -4.1 1.1 -1.6 -1.2 -0.8 -0.4
1956.................................................... 3.2 3.9 2.5 1.5 -0.8 0.8 0.9 -0.2
1957.................................................... 2.5 3.4 2.6 0.8 -0.9 0.6 0.8 -0.2
1958.................................................... -4.8 -2.8 -3.3 0.5 -2.0 -1.1 -0.6 -0.5
1959.................................................... -14.6 -12.8 -12.1 -0.7 -1.8 -3.0 -2.7 -0.4
1960.................................................... 0.7 0.3 0.5 -0.2 0.4 0.1 0.1 0.1
1961.................................................... -3.6 -3.3 -3.8 0.4 -0.2 -0.7 -0.6 -*
1962.................................................... -7.1 -7.1 -5.9 -1.3 * -1.3 -1.3 *
1963.................................................... -4.5 -4.8 -4.0 -0.8 0.3 -0.8 -0.8 *
1964.................................................... -5.3 -5.9 -6.5 0.6 0.6 -0.8 -0.9 0.1
1965.................................................... -0.7 -1.4 -1.6 0.2 0.7 -0.1 -0.2 0.1
1966.................................................... -3.1 -3.7 -3.1 -0.6 0.6 -0.4 -0.5 0.1
1967.................................................... -10.2 -8.6 -12.6 4.0 -1.6 -1.3 -1.1 -0.2
1968.................................................... -24.7 -25.2 -27.7 2.6 0.5 -2.9 -3.0 0.1
1969.................................................... 2.8 3.2 -0.5 3.7 -0.4 0.3 0.4 -*
1970.................................................... 0.8 -2.8 -8.7 5.9 3.7 0.1 -0.3 0.4
1971.................................................... -23.6 -23.0 -26.1 3.0 -0.5 -2.2 -2.2 -0.1
1972.................................................... -15.2 -23.4 -26.4 3.1 8.2 -1.3 -2.0 0.7
1973.................................................... -0.1 -14.9 -15.4 0.5 14.8 -* -1.2 1.2
1974.................................................... 4.4 -6.1 -8.0 1.8 10.5 0.3 -0.4 0.8
1975.................................................... -47.4 -53.2 -55.3 2.0 5.9 -3.1 -3.5 0.4
1976.................................................... -66.7 -73.7 -70.5 -3.2 7.0 -4.0 -4.4 0.4
TQ...................................................... -16.5 -14.7 -13.3 -1.4 -1.8 -3.7 -3.3 -0.4
1977.................................................... -30.8 -53.7 -49.8 -3.9 22.9 -1.6 -2.8 1.2
1978.................................................... -26.3 -59.2 -54.9 -4.3 32.9 -1.2 -2.7 1.5
1979.................................................... -15.4 -40.7 -38.7 -2.0 25.3 -0.6 -1.7 1.0
1980.................................................... -50.5 -73.8 -72.7 -1.1 23.3 -1.9 -2.8 0.9
1981.................................................... -51.1 -79.0 -74.0 -5.0 27.9 -1.7 -2.7 0.9
1982.................................................... -101.0 -128.0 -120.1 -7.9 27.0 -3.2 -4.1 0.9
1983.................................................... -172.7 -207.8 -208.0 0.2 35.1 -5.2 -6.3 1.1
1984.................................................... -130.0 -185.4 -185.7 0.3 55.4 -3.5 -5.0 1.5
1985.................................................... -157.9 -212.3 -221.7 9.4 54.4 -4.0 -5.4 1.4
1986.................................................... -165.5 -221.2 -238.0 16.7 55.8 -3.9 -5.2 1.3
1987.................................................... -106.0 -149.8 -169.3 19.6 43.8 -2.4 -3.4 1.0
1988.................................................... -115.6 -155.2 -194.0 38.8 39.6 -2.4 -3.2 0.8
1989.................................................... -106.7 -152.5 -205.2 52.8 45.8 -2.1 -2.9 0.9
1990.................................................... -192.0 -221.2 -277.8 56.6 29.2 -3.5 -4.0 0.5
1991.................................................... -255.4 -269.4 -321.6 52.2 14.0 -4.5 -4.7 0.2
1992.................................................... -273.7 -290.4 -340.5 50.1 16.7 -4.6 -4.9 0.3
1993.................................................... -229.4 -255.1 -300.5 45.3 25.8 -3.7 -4.1 0.4
1994.................................................... -175.4 -203.1 -258.8 55.7 27.7 -2.6 -3.1 0.4
1995.................................................... -138.4 -163.9 -226.3 62.4 25.5 -2.0 -2.3 0.4
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* If dollars, $50 million or less. If percent, 0.05 percent or less.
Note: GDP data / percentages and constant-dollar data / deflators are based on pre-benchmark revision GDP.