[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: 1948-2003]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 293]]
Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1947-2003
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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.................................................... 5.5 4.0 2.9 1.2 1.5 2.3 1.7 0.6
1948.................................................... 13.0 11.8 10.5 1.2 1.2 5.1 4.6 0.5
1949.................................................... 2.0 0.6 -0.7 1.3 1.4 0.7 0.2 0.5
1950.................................................... -2.0 -3.1 -4.7 1.6 1.2 -0.7 -1.1 0.4
1951.................................................... 8.3 6.1 4.3 1.8 2.2 2.6 1.9 0.7
1952.................................................... 1.1 -1.5 -3.4 1.9 2.6 0.3 -0.4 0.7
1953.................................................... -3.1 -6.5 -8.3 1.8 3.4 -0.8 -1.7 0.9
1954.................................................... 2.3 -1.2 -2.8 1.7 3.5 0.6 -0.3 0.9
1955.................................................... 0.1 -3.0 -4.1 1.1 3.1 * -0.8 0.8
1956.................................................... 8.1 3.9 2.5 1.5 4.1 1.9 0.9 1.0
1957.................................................... 7.9 3.4 2.6 0.8 4.5 1.8 0.8 1.0
1958.................................................... 0.5 -2.8 -3.3 0.5 3.2 0.1 -0.6 0.7
1959.................................................... -9.6 -12.8 -12.1 -0.7 3.2 -2.0 -2.6 0.7
1960.................................................... 4.6 0.3 0.5 -0.2 4.2 0.9 0.1 0.8
1961.................................................... 0.9 -3.3 -3.8 0.4 4.2 0.2 -0.6 0.8
1962.................................................... -2.4 -7.1 -5.9 -1.3 4.7 -0.4 -1.3 0.8
1963.................................................... 0.7 -4.8 -4.0 -0.8 5.5 0.1 -0.8 0.9
1964.................................................... 0.2 -5.9 -6.5 0.6 6.2 * -0.9 1.0
1965.................................................... 5.0 -1.4 -1.6 0.2 6.4 0.7 -0.2 0.9
1966.................................................... 3.6 -3.7 -3.1 -0.6 7.3 0.5 -0.5 1.0
1967.................................................... -1.2 -8.6 -12.6 4.0 7.4 -0.2 -1.1 0.9
1968.................................................... -17.9 -25.2 -27.7 2.6 7.2 -2.1 -2.9 0.8
1969.................................................... 10.7 3.2 -0.5 3.7 7.5 1.1 0.3 0.8
1970.................................................... 5.3 -2.8 -8.7 5.9 8.2 0.5 -0.3 0.8
1971.................................................... -17.2 -23.0 -26.1 3.0 5.9 -1.6 -2.1 0.5
1972.................................................... -12.7 -23.4 -26.4 3.1 10.7 -1.1 -2.0 0.9
1973.................................................... 2.4 -14.9 -15.4 0.5 17.4 0.2 -1.1 1.3
1974.................................................... 6.5 -6.1 -8.0 1.8 12.7 0.5 -0.4 0.9
1975.................................................... -48.7 -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.................................................... -41.6 -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.................................................... -25.9 -40.7 -38.7 -2.0 14.8 -1.0 -1.6 0.6
1980.................................................... -65.0 -73.8 -72.7 -1.1 8.8 -2.4 -2.7 0.3
1981.................................................... -69.2 -79.0 -73.9 -5.0 9.7 -2.3 -2.6 0.3
1982.................................................... -128.5 -128.0 -120.0 -7.9 -0.5 -4.0 -4.0 -*
1983.................................................... -207.5 -207.8 -208.0 0.2 0.3 -6.0 -6.0 *
1984.................................................... -164.2 -185.4 -185.6 0.3 21.1 -4.3 -4.8 0.5
1985.................................................... -188.4 -212.3 -221.7 9.4 23.9 -4.5 -5.1 0.6
1986.................................................... -199.0 -221.2 -237.9 16.7 22.3 -4.5 -5.0 0.5
1987.................................................... -136.9 -149.7 -169.3 19.6 12.9 -2.9 -3.2 0.3
1988.................................................... -140.1 -155.2 -194.0 38.8 15.0 -2.8 -3.1 0.3
1989.................................................... -127.4 -152.5 -205.2 52.8 25.1 -2.4 -2.8 0.5
1990.................................................... -211.5 -221.2 -277.8 56.6 9.7 -3.7 -3.9 0.2
1991.................................................... -273.4 -269.3 -321.5 52.2 -4.1 -4.6 -4.5 -0.1
1992.................................................... -291.7 -290.4 -340.5 50.1 -1.3 -4.7 -4.7 -*
1993.................................................... -256.9 -255.1 -300.4 45.3 -1.8 -3.9 -3.9 -*
1994.................................................... -192.2 -203.2 -258.9 55.7 11.0 -2.8 -2.9 0.2
1995.................................................... -154.6 -164.0 -226.4 62.4 9.4 -2.1 -2.2 0.1
1996.................................................... -83.2 -107.5 -174.1 66.6 24.3 -1.1 -1.4 0.3
1997.................................................... 13.3 -22.0 -103.3 81.4 35.2 0.2 -0.3 0.4
1998.................................................... 117.0 69.2 -30.0 99.2 47.8 1.4 0.8 0.6
1999.................................................... 177.9 125.6 1.9 123.7 52.3 1.9 1.4 0.6
2000.................................................... 291.4 236.4 86.6 149.8 54.9 3.0 2.4 0.6
2001.................................................... 154.4 127.4 -33.3 160.7 26.9 1.5 1.3 0.3
2002.................................................... -161.7 -157.8 -317.5 159.7 -3.9 -1.6 -1.5 -*
2003.................................................... -386.9 -375.3 -536.1 160.8 -11.6 -3.6 -3.5 -0.1
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* If dollars, $50 million or less. If percent, 0.05 percent or less.