[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: 1960-1999]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 278]]
Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1960-1999
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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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1960.................................................... 4.5 0.3 0.5 -0.2 4.2 0.9 0.1 0.8
1961.................................................... 0.8 -3.3 -3.8 0.4 4.2 0.2 -0.6 0.8
1962.................................................... -2.4 -7.1 -5.9 -1.3 4.8 -0.4 -1.3 0.8
1963.................................................... 0.7 -4.8 -4.0 -0.8 5.4 0.1 -0.8 0.9
1964.................................................... 0.2 -5.9 -6.5 0.6 6.1 * -0.9 1.0
1965.................................................... 5.0 -1.4 -1.6 0.2 6.4 0.7 -0.2 0.9
1966.................................................... 3.5 -3.7 -3.1 -0.6 7.2 0.5 -0.5 1.0
1967.................................................... -1.3 -8.6 -12.6 4.0 7.4 -0.2 -1.1 0.9
1968.................................................... -18.0 -25.2 -27.7 2.6 7.2 -2.1 -2.9 0.8
1969.................................................... 10.7 3.2 -0.5 3.7 7.4 1.1 0.3 0.8
1970.................................................... 5.3 -2.8 -8.7 5.9 8.1 0.5 -0.3 0.8
1971.................................................... -17.2 -23.0 -26.1 3.0 5.8 -1.6 -2.1 0.5
1972.................................................... -12.8 -23.4 -26.4 3.1 10.6 -1.1 -2.0 0.9
1973.................................................... 2.4 -14.9 -15.4 0.5 17.3 0.2 -1.1 1.3
1974.................................................... 6.5 -6.1 -8.0 1.8 12.6 0.4 -0.4 0.9
1975.................................................... -48.8 -53.2 -55.3 2.0 4.5 -3.1 -3.4 0.3
1976.................................................... -69.0 -73.7 -70.5 -3.2 4.7 -4.0 -4.2 0.3
TQ...................................................... -13.2 -14.7 -13.3 -1.4 1.6 -2.9 -3.2 0.3
1977.................................................... -41.7 -53.7 -49.8 -3.9 12.0 -2.1 -2.7 0.6
1978.................................................... -41.3 -59.2 -54.9 -4.3 17.9 -1.9 -2.7 0.8
1979.................................................... -26.0 -40.7 -38.7 -2.0 14.7 -1.0 -1.6 0.6
1980.................................................... -64.9 -73.8 -72.7 -1.1 8.9 -2.4 -2.7 0.3
1981.................................................... -69.2 -79.0 -74.0 -5.0 9.8 -2.3 -2.6 0.3
1982.................................................... -128.6 -128.0 -120.1 -7.9 -0.6 -4.0 -4.0 -*
1983.................................................... -207.5 -207.8 -208.0 0.2 0.3 -6.0 -6.0 *
1984.................................................... -164.3 -185.4 -185.7 0.3 21.1 -4.3 -4.8 0.5
1985.................................................... -188.5 -212.3 -221.7 9.4 23.9 -4.6 -5.1 0.6
1986.................................................... -199.1 -221.2 -238.0 16.7 22.1 -4.5 -5.0 0.5
1987.................................................... -137.2 -149.8 -169.3 19.6 12.5 -2.9 -3.2 0.3
1988.................................................... -141.6 -155.2 -194.0 38.8 13.6 -2.8 -3.1 0.3
1989.................................................... -131.7 -152.5 -205.2 52.8 20.8 -2.4 -2.8 0.4
1990.................................................... -213.7 -221.2 -277.8 56.6 7.5 -3.7 -3.9 0.1
1991.................................................... -278.3 -269.4 -321.6 52.2 -9.0 -4.7 -4.5 -0.2
1992.................................................... -296.0 -290.4 -340.5 50.1 -5.6 -4.8 -4.7 -0.1
1993.................................................... -258.0 -255.1 -300.5 45.3 -2.9 -3.9 -3.9 -*
1994.................................................... -194.1 -203.3 -258.9 55.7 9.1 -2.8 -2.9 0.1
1995.................................................... -147.5 -164.0 -226.4 62.4 16.5 -2.0 -2.2 0.2
1996.................................................... -87.6 -107.5 -174.1 66.6 19.9 -1.1 -1.4 0.3
1997.................................................... 2.9 -22.0 -103.4 81.4 24.9 * -0.3 0.3
1998.................................................... 104.8 69.2 -30.0 99.2 35.6 1.2 0.8 0.4
1999.................................................... 171.7 124.4 0.7 123.7 47.3 1.9 1.4 0.5
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* If dollars, $50 million or less. If percent, 0.05 percent or less.