[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: 1947-1998]
[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: 1947-1998
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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.................................................... 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.................................................... -40.6 -163.9 -226.3 62.4 123.3 -0.6 -2.3 1.7
1996.................................................... 15.8 -107.4 -174.0 66.6 123.3 0.2 -1.4 1.6
1997.................................................... 110.3 -21.9 -103.3 81.4 132.3 1.4 -0.3 1.7
1998.................................................... 212.2 69.2 -29.9 99.2 142.9 2.5 0.8 1.7
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