[Historical Tables]
[Section 1 - Overview of Federal Government Finances]
[Table 1.3 - Summary of Receipts, Outlays, and Surpluses or Deficits (-) in Current Dollars, Constant (FY 1987) Dollars, and as Percentages of GDP: 1940-2002]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 23]]
Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1987) DOLLARS, AND AS PERCENTAGES OF GDP: 1940-
2002
(dollar amounts in billions)
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In Current Dollars In Constant (FY 1987 Dollars) As Percentages of GDP
------------------------------------------------------------------ Addendum: ----------------------------------
Fiscal Year Surplus or Surplus or Composite Surplus or
Receipts Outlays Deficit (-) Receipts Outlays Deficit (-) Deflator Receipts Outlays Deficit (-)
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1940.................................... 6.5 9.5 -2.9 67.0 96.8 -29.9 0.0978 6.9 9.9 -3.1
1941.................................... 8.7 13.7 -4.9 86.3 135.3 -49.0 0.1009 7.7 12.1 -4.4
1942.................................... 14.6 35.1 -20.5 131.2 315.1 -183.9 0.1115 10.3 24.8 -14.5
1943.................................... 24.0 78.6 -54.6 200.2 655.2 -455.0 0.1199 13.7 44.8 -31.1
1944.................................... 43.7 91.3 -47.6 377.1 787.1 -410.0 0.1160 21.7 45.3 -23.6
1945.................................... 45.2 92.7 -47.6 395.8 812.6 -416.8 0.1141 21.3 43.7 -22.4
1946.................................... 39.3 55.2 -15.9 329.4 463.0 -133.6 0.1193 18.5 26.0 -7.5
1947.................................... 38.5 34.5 4.0 257.4 230.6 26.9 0.1496 17.3 15.5 1.8
1948.................................... 41.6 29.8 11.8 269.3 192.9 76.4 0.1543 16.8 12.0 4.8
1949.................................... 39.4 38.8 0.6 249.1 245.5 3.7 0.1582 15.0 14.8 0.2
1950.................................... 39.4 42.6 -3.1 241.4 260.5 -19.1 0.1634 14.8 16.0 -1.2
1951.................................... 51.6 45.5 6.1 324.2 285.9 38.3 0.1592 16.5 14.5 1.9
1952.................................... 66.2 67.7 -1.5 406.7 416.0 -9.3 0.1627 19.4 19.9 -0.4
1953.................................... 69.6 76.1 -6.5 406.6 444.5 -37.9 0.1712 19.1 20.9 -1.8
1954.................................... 69.7 70.9 -1.2 394.9 401.4 -6.5 0.1765 18.9 19.3 -0.3
1955.................................... 65.5 68.4 -3.0 363.4 380.0 -16.6 0.1801 17.0 17.8 -0.8
1956.................................... 74.6 70.6 3.9 391.1 370.4 20.7 0.1907 17.9 17.0 0.9
1957.................................... 80.0 76.6 3.4 396.6 379.7 16.9 0.2017 18.3 17.5 0.8
1958.................................... 79.6 82.4 -2.8 374.9 388.0 -13.0 0.2124 17.8 18.4 -0.6
1959.................................... 79.2 92.1 -12.8 352.4 409.5 -57.1 0.2249 16.5 19.2 -2.7
1960.................................... 92.5 92.2 0.3 393.4 392.1 1.3 0.2351 18.3 18.3 0.1
1961.................................... 94.4 97.7 -3.3 392.1 406.0 -13.9 0.2407 18.3 18.9 -0.6
1962.................................... 99.7 106.8 -7.1 406.8 436.0 -29.2 0.2450 18.0 19.2 -1.3
1963.................................... 106.6 111.3 -4.8 418.9 437.6 -18.7 0.2544 18.2 19.0 -0.8
1964.................................... 112.6 118.5 -5.9 433.8 456.6 -22.8 0.2596 18.0 19.0 -0.9
1965.................................... 116.8 118.2 -1.4 440.8 446.1 -5.3 0.2650 17.4 17.6 -0.2
1966.................................... 130.8 134.5 -3.7 478.9 492.4 -13.5 0.2732 17.8 18.3 -0.5
1967.................................... 148.8 157.5 -8.6 529.0 559.8 -30.7 0.2813 18.8 19.8 -1.1
1968.................................... 153.0 178.1 -25.2 522.6 608.6 -86.0 0.2927 18.1 21.0 -3.0
1969.................................... 186.9 183.6 3.2 604.4 593.9 10.5 0.3092 20.2 19.8 0.4
1970.................................... 192.8 195.6 -2.8 587.5 596.1 -8.7 0.3282 19.6 19.9 -0.3
1971.................................... 187.1 210.2 -23.0 533.5 599.1 -65.7 0.3508 17.8 20.0 -2.2
1972.................................... 207.3 230.7 -23.4 554.9 617.5 -62.6 0.3736 18.1 20.1 -2.0
1973.................................... 230.8 245.7 -14.9 582.7 620.3 -37.6 0.3961 18.1 19.3 -1.2
1974.................................... 263.2 269.4 -6.1 611.2 625.4 -14.2 0.4307 18.8 19.2 -0.4
1975.................................... 279.1 332.3 -53.2 586.6 698.5 -111.9 0.4758 18.5 22.0 -3.5
1976.................................... 298.1 371.8 -73.7 584.7 729.3 -144.6 0.5098 17.7 22.1 -4.4
TQ...................................... 81.2 96.0 -14.7 153.6 181.5 -27.9 0.5287 18.3 21.6 -3.3
1977.................................... 355.6 409.2 -53.7 643.8 740.9 -97.2 0.5523 18.5 21.3 -2.8
1978.................................... 399.6 458.7 -59.2 674.0 773.9 -99.8 0.5928 18.5 21.3 -2.7
1979.................................... 463.3 504.0 -40.7 719.2 782.4 -63.2 0.6442 19.1 20.7 -1.7
1980.................................... 517.1 590.9 -73.8 728.0 832.0 -103.9 0.7103 19.6 22.3 -2.8
1981.................................... 599.3 678.2 -79.0 766.6 867.7 -101.0 0.7817 20.2 22.9 -2.7
1982.................................... 617.8 745.8 -128.0 738.2 891.1 -152.9 0.8369 19.8 23.9 -4.1
1983.................................... 600.6 808.4 -207.8 684.3 921.1 -236.8 0.8776 18.1 24.4 -6.3
1984.................................... 666.5 851.8 -185.4 730.4 933.5 -203.2 0.9125 18.0 23.1 -5.0
1985.................................... 734.1 946.4 -212.3 776.6 1,001.3 -224.6 0.9452 18.5 23.9 -5.4
1986.................................... 769.1 990.3 -221.2 790.0 1,017.3 -227.3 0.9735 18.2 23.5 -5.2
1987.................................... 854.1 1,003.9 -149.8 854.1 1,003.9 -149.8 1.0000 19.2 22.5 -3.4
1988.................................... 909.0 1,064.1 -155.2 877.3 1,027.1 -149.8 1.0361 18.9 22.1 -3.2
1989.................................... 990.7 1,143.2 -152.5 916.2 1,057.2 -141.0 1.0813 19.2 22.1 -2.9
1990.................................... 1,031.3 1,252.5 -221.2 914.1 1,110.2 -196.1 1.1282 18.8 22.8 -4.0
1991.................................... 1,054.3 1,323.6 -269.4 894.7 1,123.3 -228.6 1.1783 18.6 23.3 -4.7
1992.................................... 1,090.5 1,380.9 -290.4 895.1 1,133.4 -238.4 1.2183 18.4 23.3 -4.9
1993.................................... 1,153.5 1,408.7 -255.1 921.9 1,125.8 -203.9 1.2513 18.4 22.5 -4.1
1994.................................... 1,257.7 1,460.8 -203.1 981.6 1,140.1 -158.5 1.2813 19.0 22.0 -3.1
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Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1987) DOLLARS, AND AS PERCENTAGES OF GDP: 1940-
2002--Continued
(dollar amounts in billions)
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In Current Dollars In Constant (FY 1987 Dollars) As Percentages of GDP
------------------------------------------------------------------ Addendum: ----------------------------------
Fiscal Year Surplus or Surplus or Composite Surplus or
Receipts Outlays Deficit (-) Receipts Outlays Deficit (-) Deflator Receipts Outlays Deficit (-)
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1995.................................... 1,355.2 1,519.1 -163.9 1,034.2 1,159.3 -125.1 1.3104 19.3 21.7 -2.3
1996 estimate........................... 1,426.8 1,572.4 -145.6 1,062.1 1,170.5 -108.4 1.3434 19.4 21.4 -2.0
1997 estimate........................... 1,495.2 1,635.3 -140.1 1,082.5 1,183.9 -101.4 1.3813 19.4 21.2 -1.8
1998 estimate........................... 1,577.9 1,675.9 -98.0 1,112.7 1,181.8 -69.1 1.4181 19.5 20.7 -1.2
1999 estimate........................... 1,652.5 1,716.9 -64.4 1,135.1 1,179.4 -44.2 1.4558 19.4 20.2 -0.8
2000 estimate........................... 1,733.8 1,761.4 -27.5 1,160.1 1,178.6 -18.4 1.4945 19.4 19.7 -0.3
2001 estimate........................... 1,819.8 1,811.5 8.3 1,186.3 1,180.9 5.4 1.5340 19.3 19.3 0.1
2002 estimate........................... 1,912.2 1,868.3 43.9 1,214.8 1,186.9 27.9 1.5741 19.4 18.9 0.4
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Note: GDP data / percentages and constant-dollar data / deflators are based on pre-benchmark revision GDP.