[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: 1947-1997]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                     Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1947-1997                    
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                                                                        In Billions of Current Dollars                       As Percentages of GDP      
                                                         -----------------------------------------------------------------------------------------------
                                                                              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....................................................      6.3         4.0         2.9         1.2         2.3         2.7         1.7         1.0   
1948....................................................     13.9        11.8        10.5         1.2         2.2         5.4         4.6         0.8   
1949....................................................      3.2         0.6        -0.7         1.3         2.6         1.2         0.2         1.0   
                                                                                                                                                        
1950....................................................     -0.6        -3.1        -4.7         1.6         2.5        -0.2        -1.1         0.9   
1951....................................................      9.9         6.1         4.3         1.8         3.8         3.1         1.9         1.2   
1952....................................................      2.8        -1.5        -3.4         1.9         4.3         0.8        -0.4         1.2   
1953....................................................     -1.2        -6.5        -8.3         1.8         5.3        -0.3        -1.7         1.4   
1954....................................................      4.5        -1.2        -2.8         1.7         5.6         1.2        -0.3         1.5   
                                                                                                                                                        
1955....................................................      2.4        -3.0        -4.1         1.1         5.4         0.6        -0.8         1.4   
1956....................................................     10.7         3.9         2.5         1.5         6.8         2.5         0.9         1.6   
1957....................................................     11.0         3.4         2.6         0.8         7.6         2.4         0.8         1.7   
1958....................................................      4.4        -2.8        -3.3         0.5         7.2         1.0        -0.6         1.6   
1959....................................................     -4.2       -12.8       -12.1        -0.7         8.6        -0.9        -2.6         1.7   
                                                                                                                                                        
1960....................................................     10.3         0.3         0.5        -0.2        10.0         2.0         0.1         1.9   
1961....................................................      6.7        -3.3        -3.8         0.4        10.0         1.3        -0.6         1.9   
1962....................................................      3.9        -7.1        -5.9        -1.3        11.0         0.7        -1.3         1.9   
1963....................................................      7.4        -4.8        -4.0        -0.8        12.2         1.2        -0.8         2.0   
1964....................................................      8.0        -5.9        -6.5         0.6        13.9         1.2        -0.9         2.2   
                                                                                                                                                        
1965....................................................     13.4        -1.4        -1.6         0.2        14.8         1.9        -0.2         2.2   
1966....................................................     13.0        -3.7        -3.1        -0.6        16.7         1.7        -0.5         2.2   
1967....................................................      7.6        -8.6       -12.6         4.0        16.2         0.9        -1.1         2.0   
1968....................................................     -5.6       -25.2       -27.7         2.6        19.6        -0.6        -2.9         2.3   
1969....................................................     23.1         3.2        -0.5         3.7        19.9         2.4         0.3         2.1   
                                                                                                                                                        
1970....................................................     19.5        -2.8        -8.7         5.9        22.3         1.9        -0.3         2.2   
1971....................................................     -4.1       -23.0       -26.1         3.0        18.9        -0.4        -2.1         1.8   
1972....................................................      3.5       -23.4       -26.4         3.1        26.9         0.3        -2.0         2.3   
1973....................................................     19.3       -14.9       -15.4         0.5        34.2         1.5        -1.1         2.6   
1974....................................................     26.1        -6.1        -8.0         1.8        32.2         1.8        -0.4         2.2   
                                                                                                                                                        
1975....................................................    -25.9       -53.2       -55.3         2.0        27.3        -1.7        -3.4         1.8   
1976....................................................    -43.3       -73.7       -70.5        -3.2        30.4        -2.5        -4.3         1.8   
TQ......................................................     -9.5       -14.7       -13.3        -1.4         5.3        -2.1        -3.2         1.2   
1977....................................................    -11.2       -53.7       -49.8        -3.9        42.5        -0.6        -2.7         2.2   
1978....................................................     -6.6       -59.2       -54.9        -4.3        52.6        -0.3        -2.7         2.4   
1979....................................................      9.8       -40.7       -38.7        -2.0        50.5         0.4        -1.6         2.0   
                                                                                                                                                        
1980....................................................    -20.2       -73.8       -72.7        -1.1        53.7        -0.7        -2.7         2.0   
1981....................................................    -23.5       -79.0       -74.0        -5.0        55.5        -0.8        -2.6         1.8   
1982....................................................    -76.4      -128.0      -120.1        -7.9        51.6        -2.4        -4.0         1.6   
1983....................................................   -148.1      -207.8      -208.0         0.2        59.7        -4.3        -6.1         1.7   
1984....................................................   -101.3      -185.4      -185.7         0.3        84.1        -2.7        -4.9         2.2   
                                                                                                                                                        
1985....................................................   -124.1      -212.3      -221.7         9.4        88.3        -3.0        -5.2         2.2   
1986....................................................   -126.4      -221.2      -238.0        16.7        94.8        -2.9        -5.1         2.2   
1987....................................................    -64.0      -149.8      -169.3        19.6        85.7        -1.4        -3.3         1.9   
1988....................................................    -69.4      -155.2      -194.0        38.8        85.8        -1.4        -3.1         1.7   
1989....................................................    -56.5      -152.5      -205.2        52.8        96.0        -1.1        -2.8         1.8   
                                                                                                                                                        
1990....................................................   -139.7      -221.2      -277.8        56.6        81.5        -2.5        -3.9         1.4   
1991....................................................   -195.9      -269.4      -321.6        52.2        73.5        -3.3        -4.6         1.3   
1992....................................................   -212.5      -290.4      -340.5        50.1        77.9        -3.5        -4.7         1.3   
1993....................................................   -168.2      -255.0      -300.4        45.3        86.8        -2.6        -3.9         1.3   
1994....................................................   -108.5      -203.1      -258.8        55.7        94.6        -1.6        -3.0         1.4   
                                                                                                                                                        
1995....................................................    -64.6      -163.9      -226.3        62.4        99.3        -0.9        -2.3         1.4   
1996....................................................      3.6      -107.4      -174.0        66.6       111.1           *        -1.4         1.5   
1997....................................................     83.4       -21.9      -103.3        81.4       105.3         1.0        -0.3         1.3   
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* If dollars, $50 million or less. If percent, 0.05 percent or less.