[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 1996) Dollars, and as Percentages of GDP: 1940-2008]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 25]]
Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1996) DOLLARS, AND AS PERCENTAGES OF GDP: 1940-
2008
(dollar amounts in billions)
--------------------------------------------------------------------------------------------------------------------------------------------------------
In Current Dollars In Constant (FY 1996 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 65.2 94.3 -29.1 0.1004 6.8 9.8 -3.0
1941.................................... 8.7 13.7 -4.9 82.4 129.2 -46.7 0.1057 7.6 12.0 -4.3
1942.................................... 14.6 35.1 -20.5 124.0 297.8 -173.8 0.1180 10.1 24.4 -14.2
1943.................................... 24.0 78.6 -54.6 186.8 611.3 -424.5 0.1285 13.3 43.6 -30.3
1944.................................... 43.7 91.3 -47.6 361.8 755.2 -393.4 0.1209 20.9 43.7 -22.8
1945.................................... 45.2 92.7 -47.6 391.7 804.1 -412.4 0.1153 20.4 41.9 -21.5
1946.................................... 39.3 55.2 -15.9 326.1 458.4 -132.3 0.1205 17.6 24.8 -7.2
1947.................................... 38.5 34.5 4.0 285.1 255.3 29.7 0.1351 16.4 14.7 1.7
1948.................................... 41.6 29.8 11.8 305.4 218.7 86.7 0.1361 16.2 11.6 4.6
1949.................................... 39.4 38.8 0.6 297.2 292.9 4.4 0.1326 14.5 14.3 0.2
1950.................................... 39.4 42.6 -3.1 289.6 312.5 -22.9 0.1362 14.4 15.6 -1.1
1951.................................... 51.6 45.5 6.1 369.7 326.0 43.7 0.1396 16.1 14.2 1.9
1952.................................... 66.2 67.7 -1.5 472.6 483.5 -10.8 0.1400 19.0 19.4 -0.4
1953.................................... 69.6 76.1 -6.5 466.9 510.4 -43.5 0.1491 18.6 20.4 -1.7
1954.................................... 69.7 70.9 -1.2 449.4 456.8 -7.4 0.1551 18.4 18.7 -0.3
1955.................................... 65.5 68.4 -3.0 412.4 431.3 -18.9 0.1587 16.6 17.3 -0.8
1956.................................... 74.6 70.6 3.9 449.6 425.8 23.8 0.1659 17.4 16.5 0.9
1957.................................... 80.0 76.6 3.4 462.1 442.4 19.7 0.1731 17.7 17.0 0.8
1958.................................... 79.6 82.4 -2.8 435.6 450.8 -15.1 0.1828 17.3 17.9 -0.6
1959.................................... 79.2 92.1 -12.8 425.6 494.6 -69.0 0.1862 16.1 18.7 -2.6
1960.................................... 92.5 92.2 0.3 494.6 493.0 1.6 0.1870 17.8 17.8 0.1
1961.................................... 94.4 97.7 -3.3 491.9 509.2 -17.4 0.1919 17.7 18.4 -0.6
1962.................................... 99.7 106.8 -7.1 519.7 556.9 -37.3 0.1918 17.5 18.8 -1.3
1963.................................... 106.6 111.3 -4.8 533.1 556.9 -23.8 0.1999 17.8 18.6 -0.8
1964.................................... 112.6 118.5 -5.9 555.8 585.0 -29.2 0.2026 17.6 18.5 -0.9
1965.................................... 116.8 118.2 -1.4 568.7 575.6 -6.9 0.2054 17.0 17.2 -0.2
1966.................................... 130.8 134.5 -3.7 619.5 637.0 -17.5 0.2112 17.3 17.8 -0.5
1967.................................... 148.8 157.5 -8.6 680.2 719.7 -39.5 0.2188 18.3 19.4 -1.1
1968.................................... 153.0 178.1 -25.2 669.2 779.2 -110.1 0.2286 17.6 20.5 -2.9
1969.................................... 186.9 183.6 3.2 770.6 757.3 13.4 0.2425 19.7 19.3 0.3
1970.................................... 192.8 195.6 -2.8 750.5 761.6 -11.1 0.2569 19.0 19.3 -0.3
1971.................................... 187.1 210.2 -23.0 684.0 768.2 -84.2 0.2736 17.3 19.4 -2.1
1972.................................... 207.3 230.7 -23.4 711.4 791.6 -80.2 0.2914 17.5 19.5 -2.0
1973.................................... 230.8 245.7 -14.9 750.8 799.3 -48.5 0.3074 17.6 18.8 -1.1
1974.................................... 263.2 269.4 -6.1 792.4 810.8 -18.5 0.3322 18.3 18.7 -0.4
1975.................................... 279.1 332.3 -53.2 763.6 909.3 -145.7 0.3655 17.9 21.3 -3.4
1976.................................... 298.1 371.8 -73.7 760.0 948.0 -188.0 0.3922 17.2 21.4 -4.2
TQ...................................... 81.2 96.0 -14.7 200.9 237.3 -36.5 0.4044 17.9 21.1 -3.2
1977.................................... 355.6 409.2 -53.7 838.2 964.7 -126.5 0.4242 18.0 20.8 -2.7
1978.................................... 399.6 458.7 -59.2 883.2 1,014.0 -130.8 0.4524 18.0 20.7 -2.7
1979.................................... 463.3 504.0 -40.7 944.9 1,028.0 -83.1 0.4903 18.5 20.1 -1.6
1980.................................... 517.1 590.9 -73.8 956.0 1,092.5 -136.5 0.5409 18.9 21.6 -2.7
1981.................................... 599.3 678.2 -79.0 1,004.6 1,137.0 -132.4 0.5965 19.6 22.2 -2.6
1982.................................... 617.8 745.7 -128.0 967.4 1,167.8 -200.4 0.6386 19.1 23.1 -4.0
1983.................................... 600.6 808.4 -207.8 898.6 1,209.6 -310.9 0.6683 17.5 23.5 -6.0
1984.................................... 666.5 851.9 -185.4 950.4 1,214.7 -264.3 0.7013 17.4 22.2 -4.8
1985.................................... 734.1 946.4 -212.3 1,012.0 1,304.7 -292.7 0.7254 17.7 22.9 -5.1
1986.................................... 769.2 990.4 -221.2 1,034.9 1,332.5 -297.6 0.7433 17.5 22.5 -5.0
1987.................................... 854.4 1,004.1 -149.7 1,118.7 1,314.8 -196.1 0.7637 18.4 21.6 -3.2
1988.................................... 909.3 1,064.5 -155.2 1,154.1 1,351.0 -196.9 0.7879 18.1 21.2 -3.1
1989.................................... 991.2 1,143.6 -152.5 1,213.1 1,399.6 -186.6 0.8171 18.3 21.2 -2.8
1990.................................... 1,032.0 1,253.2 -221.2 1,221.7 1,483.6 -261.9 0.8447 18.0 21.8 -3.9
1991.................................... 1,055.0 1,324.4 -269.3 1,196.2 1,501.6 -305.4 0.8820 17.8 22.3 -4.5
1992.................................... 1,091.3 1,381.7 -290.4 1,196.7 1,515.1 -318.4 0.9119 17.5 22.2 -4.7
1993.................................... 1,154.4 1,409.5 -255.1 1,234.8 1,507.6 -272.8 0.9349 17.6 21.5 -3.9
1994.................................... 1,258.6 1,461.9 -203.2 1,318.9 1,531.9 -213.0 0.9543 18.1 21.1 -2.9
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Table 1.3--SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-) IN CURRENT DOLLARS, CONSTANT (FY 1996) DOLLARS, AND AS PERCENTAGES OF GDP: 1940-
2008--Continued
(dollar amounts in billions)
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In Current Dollars In Constant (FY 1996 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 1,515.8 -164.0 1,383.7 1,551.5 -167.8 0.9770 18.5 20.7 -2.2
1996.................................... 1,453.1 1,560.5 -107.5 1,453.1 1,560.5 -107.5 1.0000 18.9 20.3 -1.4
1997.................................... 1,579.3 1,601.2 -22.0 1,547.3 1,568.8 -21.5 1.0207 19.3 19.6 -0.3
1998.................................... 1,721.8 1,652.6 69.2 1,665.8 1,598.9 67.0 1.0336 19.9 19.1 0.8
1999.................................... 1,827.5 1,701.9 125.6 1,740.3 1,620.7 119.6 1.0501 20.0 18.6 1.4
2000.................................... 2,025.2 1,788.8 236.4 1,880.1 1,660.6 219.5 1.0772 20.8 18.4 2.4
2001.................................... 1,991.2 1,863.9 127.3 1,807.9 1,692.3 115.6 1.1014 19.9 18.6 1.3
2002.................................... 1,853.2 2,011.0 -157.8 1,656.8 1,797.9 -141.1 1.1185 17.9 19.5 -1.5
2003 estimate........................... 1,836.2 2,140.4 -304.2 1,611.0 1,877.9 -266.9 1.1398 17.1 19.9 -2.8
2004 estimate........................... 1,922.0 2,229.4 -307.4 1,655.3 1,920.1 -264.7 1.1611 17.0 19.7 -2.7
2005 estimate........................... 2,135.2 2,343.4 -208.2 1,805.5 1,981.6 -176.1 1.1826 18.0 19.7 -1.8
2006 estimate........................... 2,263.2 2,463.7 -200.5 1,878.6 2,045.0 -166.4 1.2047 18.1 19.7 -1.6
2007 estimate........................... 2,398.1 2,576.2 -178.1 1,952.5 2,097.5 -145.0 1.2282 18.3 19.7 -1.4
2008 estimate........................... 2,520.9 2,710.5 -189.6 2,012.1 2,163.4 -151.3 1.2529 18.3 19.7 -1.4
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