[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 1992) Dollars, and as Percentages of GDP: 1940-2002]
[From the U.S. Government Publishing Office, www.gpo.gov]


[[Page 23]]

 
 Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1992) DOLLARS, AND AS PERCENTAGES OF GDP: 1940- 
                                                                          2002                                                                          
                                                              (dollar amounts in billions)                                                              
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 In Current Dollars         In Constant (FY 1992 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 (-)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1940....................................       6.5       9.5        -2.9       75.5     109.2       -33.7    0.0867         6.7        9.7        -3.0  
1941....................................       8.7      13.7        -4.9       95.8     150.2       -54.4    0.0909         7.5       11.8        -4.3  
1942....................................      14.6      35.1       -20.5      139.1     334.0      -194.9    0.1052        10.1       24.2       -14.1  
1943....................................      24.0      78.6       -54.6      204.4     669.1      -464.7    0.1174        13.3       43.7       -30.3  
1944....................................      43.7      91.3       -47.6      395.5     825.5      -430.0    0.1106        21.2       44.2       -23.0  
                                                                                                                                                        
1945....................................      45.2      92.7       -47.6      420.1     862.4      -442.4    0.1075        20.8       42.6       -21.9  
1946....................................      39.3      55.2       -15.9      376.4     529.0      -152.6    0.1044        18.0       25.4        -7.3  
1947....................................      38.5      34.5         4.0      308.4     276.2        32.2    0.1249        16.9       15.1         1.8  
1948....................................      41.6      29.8        11.8      324.7     232.5        92.2    0.1280        16.4       11.7         4.7  
1949....................................      39.4      38.8         0.6      306.5     302.0         4.5    0.1286        14.6       14.4         0.2  
                                                                                                                                                        
1950....................................      39.4      42.6        -3.1      295.9     319.3       -23.4    0.1333        14.5       15.6        -1.1  
1951....................................      51.6      45.5         6.1      397.7     350.6        47.0    0.1298        16.1       14.2         1.9  
1952....................................      66.2      67.7        -1.5      495.6     507.0       -11.4    0.1335        18.9       19.4        -0.4  
1953....................................      69.6      76.1        -6.5      483.4     528.5       -45.1    0.1440        18.7       20.4        -1.7  
1954....................................      69.7      70.9        -1.2      466.9     474.6        -7.7    0.1493        18.5       18.8        -0.3  
                                                                                                                                                        
1955....................................      65.5      68.4        -3.0      431.2     450.9       -19.7    0.1518        16.5       17.3        -0.8  
1956....................................      74.6      70.6         3.9      465.6     440.9        24.6    0.1602        17.5       16.6         0.9  
1957....................................      80.0      76.6         3.4      470.0     449.9        20.0    0.1702        17.8       17.0         0.8  
1958....................................      79.6      82.4        -2.8      442.7     458.1       -15.4    0.1799        17.4       18.0        -0.6  
1959....................................      79.2      92.1       -12.8      413.4     480.4       -67.0    0.1917        16.2       18.8        -2.6  
                                                                                                                                                        
1960....................................      92.5      92.2         0.3      459.7     458.2         1.5    0.2012        17.8       17.8         0.1  
1961....................................      94.4      97.7        -3.3      457.8     473.9       -16.2    0.2062        17.8       18.4        -0.6  
1962....................................      99.7     106.8        -7.1      477.6     511.8       -34.2    0.2087        17.6       18.8        -1.3  
1963....................................     106.6     111.3        -4.8      492.4     514.4       -22.0    0.2164        17.8       18.6        -0.8  
1964....................................     112.6     118.5        -5.9      512.1     539.0       -26.9    0.2199        17.6       18.5        -0.9  
                                                                                                                                                        
1965....................................     116.8     118.2        -1.4      524.5     530.9        -6.3    0.2227        17.0       17.2        -0.2  
1966....................................     130.8     134.5        -3.7      570.1     586.2       -16.1    0.2295        17.4       17.9        -0.5  
1967....................................     148.8     157.5        -8.6      628.5     665.0       -36.5    0.2368        18.3       19.4        -1.1  
1968....................................     153.0     178.1       -25.2      619.6     721.5      -101.9    0.2469        17.6       20.5        -2.9  
1969....................................     186.9     183.6         3.2      717.1     704.7        12.4    0.2606        19.7       19.4         0.3  
                                                                                                                                                        
1970....................................     192.8     195.6        -2.8      697.3     707.6       -10.3    0.2765        19.1       19.4        -0.3  
1971....................................     187.1     210.2       -23.0      636.7     715.1       -78.4    0.2939        17.4       19.5        -2.1  
1972....................................     207.3     230.7       -23.4      663.8     738.7       -74.8    0.3123        17.6       19.6        -2.0  
1973....................................     230.8     245.7       -14.9      703.7     749.1       -45.5    0.3280        17.7       18.8        -1.1  
1974....................................     263.2     269.4        -6.1      742.1     759.4       -17.3    0.3547        18.3       18.7        -0.4  
                                                                                                                                                        
1975....................................     279.1     332.3       -53.2      711.8     847.6      -135.8    0.3921        18.0       21.4        -3.4  
1976....................................     298.1     371.8       -73.7      709.8     885.4      -175.6    0.4199        17.2       21.5        -4.3  
TQ......................................      81.2      96.0       -14.7      187.1     221.0       -34.0    0.4342        17.9       21.1        -3.2  
1977....................................     355.6     409.2       -53.7      783.2     901.4      -118.2    0.4540        18.0       20.8        -2.7  
1978....................................     399.6     458.7       -59.2      822.6     944.5      -121.9    0.4857        18.1       20.7        -2.7  
1979....................................     463.3     504.0       -40.7      879.6     957.0       -77.3    0.5267        18.6       20.2        -1.6  
                                                                                                                                                        
1980....................................     517.1     590.9       -73.8      888.7   1,015.5      -126.9    0.5819        19.0       21.7        -2.7  
1981....................................     599.3     678.2       -79.0      933.3   1,056.3      -123.0    0.6421        19.7       22.2        -2.6  
1982....................................     617.8     745.8      -128.0      899.9   1,086.3      -186.4    0.6865        19.2       23.2        -4.0  
1983....................................     600.6     808.4      -207.8      834.7   1,123.5      -288.8    0.7195        17.6       23.6        -6.1  
1984....................................     666.5     851.9      -185.4      883.4   1,129.1      -245.7    0.7545        17.5       22.3        -4.9  
                                                                                                                                                        
1985....................................     734.2     946.5      -212.3      937.8   1,209.0      -271.2    0.7829        17.9       23.1        -5.2  
1986....................................     769.3     990.5      -221.2      955.6   1,230.4      -274.8    0.8050        17.6       22.6        -5.1  
1987....................................     854.4   1,004.2      -149.8    1,032.8   1,213.8      -181.0    0.8273        18.6       21.8        -3.3  
1988....................................     909.3   1,064.5      -155.2    1,064.0   1,245.6      -181.6    0.8546        18.4       21.5        -3.1  
1989....................................     991.2   1,143.7      -152.5    1,113.4   1,284.7      -171.3    0.8902        18.5       21.4        -2.8  
                                                                                                                                                        
1990....................................   1,032.0   1,253.2      -221.2    1,114.8   1,353.7      -238.9    0.9257        18.2       22.0        -3.9  
1991....................................   1,055.0   1,324.4      -269.4    1,088.2   1,366.1      -277.8    0.9695        18.0       22.6        -4.6  
1992....................................   1,091.3   1,381.7      -290.4    1,091.3   1,381.7      -290.4    1.0000        17.8       22.5        -4.7  
1993....................................   1,154.4   1,409.4      -255.0    1,126.0   1,374.8      -248.7    1.0252        17.8       21.8        -3.9  
1994....................................   1,258.6   1,461.7      -203.1    1,199.6   1,393.2      -193.6    1.0492        18.4       21.4        -3.0  
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[[Page 24]]


 Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1992) DOLLARS, AND AS PERCENTAGES OF GDP: 1940- 
                                                                     2002--Continued                                                                    
                                                              (dollar amounts in billions)                                                              
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 In Current Dollars         In Constant (FY 1992 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 (-)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1995....................................   1,351.8   1,515.7      -163.9    1,258.1   1,410.6      -152.5    1.0745        18.8       21.1        -2.3  
1996....................................   1,453.1   1,560.3      -107.3    1,322.0   1,419.6       -97.6    1.0991        19.4       20.8        -1.4  
1997 estimate...........................   1,505.4   1,631.0      -125.6    1,334.2   1,445.6      -111.3    1.1283        19.2       20.8        -1.6  
1998 estimate...........................   1,566.8   1,687.5      -120.6    1,352.0   1,456.1      -104.1    1.1589        19.1       20.5        -1.5  
1999 estimate...........................   1,643.3   1,760.7      -117.4    1,380.9   1,479.6       -98.6    1.1900        19.1       20.4        -1.4  
                                                                                                                                                        
2000 estimate...........................   1,727.3   1,814.4       -87.1    1,413.3   1,484.6       -71.3    1.2222        19.1       20.1        -1.0  
2001 estimate...........................   1,808.3   1,844.5       -36.1    1,441.6   1,470.4       -28.8    1.2544        19.0       19.4        -0.4  
2002 estimate...........................   1,896.7   1,879.7        17.0    1,474.5   1,461.3        13.2    1.2863        19.0       18.9         0.2  
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Note: Prior to 1960, the GDP data and deflators for constant dollar data are approximations of the anticipated post-benchmark revision levels. Actual   
  post-benchmark revision levels for fiscal years prior to 1960 have not yet been released. Constant-dollar estimates are based on chain-weighted (FY   
  1992=100) deflators.