[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: 1940-2003]
[From the U.S. Government Publishing Office, www.gpo.gov]
Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1992) DOLLARS, AND AS PERCENTAGES OF GDP: 1940-
2003
(dollar amounts in billions)
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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 (-)
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1940.................................... 6.5 9.5 -2.9 72.0 104.2 -32.1 0.0909 6.8 9.8 -3.0
1941.................................... 8.7 13.7 -4.9 91.3 143.1 -51.8 0.0954 7.6 12.0 -4.3
1942.................................... 14.6 35.1 -20.5 139.6 335.3 -195.6 0.1048 10.1 24.4 -14.2
1943.................................... 24.0 78.6 -54.6 200.2 655.2 -455.0 0.1199 13.3 43.6 -30.3
1944.................................... 43.7 91.3 -47.6 359.2 749.6 -390.5 0.1218 20.9 43.7 -22.8
1945.................................... 45.2 92.7 -47.6 377.9 775.8 -397.9 0.1195 20.4 41.9 -21.5
1946.................................... 39.3 55.2 -15.9 342.3 481.1 -138.8 0.1148 17.6 24.8 -7.1
1947.................................... 38.5 34.5 4.0 297.2 266.2 31.0 0.1296 16.4 14.7 1.7
1948.................................... 41.6 29.8 11.8 312.2 223.6 88.6 0.1331 16.2 11.6 4.6
1949.................................... 39.4 38.8 0.6 293.3 289.0 4.3 0.1344 14.5 14.3 0.2
1950.................................... 39.4 42.6 -3.1 278.9 301.0 -22.1 0.1414 14.4 15.6 -1.1
1951.................................... 51.6 45.5 6.1 350.4 309.0 41.4 0.1473 16.1 14.2 1.9
1952.................................... 66.2 67.7 -1.5 437.3 447.4 -10.0 0.1513 19.0 19.4 -0.4
1953.................................... 69.6 76.1 -6.5 438.3 479.2 -40.9 0.1588 18.7 20.4 -1.7
1954.................................... 69.7 70.9 -1.2 425.0 432.0 -7.0 0.1640 18.4 18.7 -0.3
1955.................................... 65.5 68.4 -3.0 393.3 411.3 -18.0 0.1664 16.6 17.3 -0.8
1956.................................... 74.6 70.6 3.9 426.5 403.9 22.6 0.1749 17.4 16.5 0.9
1957.................................... 80.0 76.6 3.4 436.4 417.8 18.6 0.1833 17.8 17.0 0.8
1958.................................... 79.6 82.4 -2.8 413.7 428.1 -14.4 0.1925 17.3 17.9 -0.6
1959.................................... 79.2 92.1 -12.8 398.8 463.5 -64.7 0.1987 16.1 18.7 -2.6
1960.................................... 92.5 92.2 0.3 463.9 462.3 1.5 0.1994 17.8 17.8 0.1
1961.................................... 94.4 97.7 -3.3 461.3 477.6 -16.3 0.2046 17.8 18.4 -0.6
1962.................................... 99.7 106.8 -7.1 479.9 514.3 -34.4 0.2077 17.6 18.8 -1.3
1963.................................... 106.6 111.3 -4.8 494.7 516.8 -22.1 0.2154 17.8 18.6 -0.8
1964.................................... 112.6 118.5 -5.9 513.7 540.7 -27.0 0.2192 17.6 18.5 -0.9
1965.................................... 116.8 118.2 -1.4 525.3 531.6 -6.3 0.2224 17.0 17.2 -0.2
1966.................................... 130.8 134.5 -3.7 570.6 586.7 -16.1 0.2293 17.4 17.9 -0.5
1967.................................... 148.8 157.5 -8.6 629.3 665.8 -36.5 0.2365 18.3 19.4 -1.1
1968.................................... 153.0 178.1 -25.2 620.6 722.7 -102.1 0.2465 17.6 20.5 -2.9
1969.................................... 186.9 183.6 3.2 719.6 707.1 12.5 0.2597 19.7 19.4 0.3
1970.................................... 192.8 195.6 -2.8 700.4 710.7 -10.3 0.2753 19.1 19.4 -0.3
1971.................................... 187.1 210.2 -23.0 639.8 718.5 -78.7 0.2925 17.4 19.5 -2.1
1972.................................... 207.3 230.7 -23.4 664.9 739.8 -75.0 0.3118 17.6 19.6 -2.0
1973.................................... 230.8 245.7 -14.9 704.3 749.8 -45.5 0.3277 17.7 18.8 -1.1
1974.................................... 263.2 269.4 -6.1 742.5 759.8 -17.3 0.3545 18.3 18.7 -0.4
1975.................................... 279.1 332.3 -53.2 712.1 848.0 -135.9 0.3919 18.0 21.4 -3.4
1976.................................... 298.1 371.8 -73.7 710.3 886.1 -175.7 0.4196 17.2 21.5 -4.3
TQ...................................... 81.2 96.0 -14.7 187.2 221.1 -34.0 0.4340 17.9 21.1 -3.2
1977.................................... 355.6 409.2 -53.7 783.3 901.6 -118.2 0.4539 18.0 20.8 -2.7
1978.................................... 399.6 458.7 -59.2 823.0 944.9 -121.9 0.4855 18.1 20.7 -2.7
1979.................................... 463.3 504.0 -40.7 880.0 957.3 -77.4 0.5265 18.6 20.2 -1.6
1980.................................... 517.1 590.9 -73.8 889.0 1,015.9 -126.9 0.5817 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 -128.0 899.6 1,086.0 -186.4 0.6867 19.2 23.2 -4.0
1983.................................... 600.6 808.4 -207.8 834.3 1,123.1 -288.7 0.7198 17.6 23.6 -6.1
1984.................................... 666.5 851.9 -185.4 883.5 1,129.2 -245.7 0.7544 17.5 22.3 -4.9
1985.................................... 734.1 946.4 -212.3 937.8 1,209.0 -271.2 0.7828 17.9 23.1 -5.2
1986.................................... 769.2 990.5 -221.2 955.7 1,230.5 -274.9 0.8049 17.6 22.6 -5.1
1987.................................... 854.4 1,004.1 -149.8 1,033.0 1,214.0 -181.1 0.8271 18.6 21.8 -3.3
1988.................................... 909.3 1,064.5 -155.2 1,064.3 1,245.9 -181.6 0.8544 18.4 21.5 -3.1
1989.................................... 991.2 1,143.7 -152.5 1,113.6 1,284.9 -171.3 0.8901 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 1,199.3 1,392.8 -193.5 1.0495 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-
2003--Continued
(dollar amounts in billions)
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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 (-)
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1995.................................... 1,351.8 1,515.7 -163.9 1,255.5 1,407.8 -152.2 1.0767 18.8 21.1 -2.3
1996.................................... 1,453.1 1,560.5 -107.4 1,314.8 1,412.0 -97.2 1.1052 19.3 20.7 -1.4
1997.................................... 1,579.3 1,601.2 -21.9 1,394.6 1,414.0 -19.4 1.1324 19.8 20.1 -0.3
1998 estimate........................... 1,657.9 1,667.8 -10.0 1,432.4 1,441.0 -8.6 1.1574 19.9 20.0 -0.1
1999 estimate........................... 1,742.7 1,733.2 9.5 1,474.1 1,466.1 8.1 1.1822 20.1 20.0 0.1
2000 estimate........................... 1,793.6 1,785.0 8.5 1,484.9 1,477.8 7.1 1.2079 19.8 19.7 0.1
2001 estimate........................... 1,862.6 1,834.4 28.2 1,507.9 1,485.1 22.8 1.2352 19.7 19.4 0.3
2002 estimate........................... 1,949.3 1,859.6 89.7 1,543.0 1,472.0 71.0 1.2633 19.7 18.8 0.9
2003 estimate........................... 2,028.2 1,945.4 82.8 1,569.2 1,505.1 64.0 1.2925 19.6 18.8 0.8
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