[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: 1948-2005]
[From the U.S. Government Printing Office, www.gpo.gov]
Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1948-2005
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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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1948.................................................... 11.7 11.8 10.5 1.2 -0.1 4.6 4.6 -*
1949.................................................... -0.5 0.6 -0.7 1.3 -1.1 -0.2 0.2 -0.4
1950.................................................... -5.6 -3.1 -4.7 1.6 -2.5 -2.0 -1.1 -0.9
1951.................................................... 4.2 6.1 4.3 1.8 -1.9 1.3 1.9 -0.6
1952.................................................... -3.5 -1.5 -3.4 1.9 -1.9 -1.0 -0.4 -0.6
1953.................................................... -7.8 -6.5 -8.3 1.8 -1.3 -2.1 -1.7 -0.4
1954.................................................... -3.4 -1.2 -2.8 1.7 -2.2 -0.9 -0.3 -0.6
1955.................................................... -6.9 -3.0 -4.1 1.1 -3.9 -1.7 -0.8 -1.0
1956.................................................... 0.6 3.9 2.5 1.5 -3.4 0.1 0.9 -0.8
1957.................................................... -0.7 3.4 2.6 0.8 -4.1 -0.2 0.8 -0.9
1958.................................................... -8.7 -2.8 -3.3 0.5 -5.9 -1.9 -0.6 -1.3
1959.................................................... -19.7 -12.8 -12.1 -0.7 -6.9 -4.0 -2.6 -1.4
1960.................................................... -5.1 0.3 0.5 -0.2 -5.4 -1.0 0.1 -1.0
1961.................................................... -9.4 -3.3 -3.8 0.4 -6.1 -1.8 -0.6 -1.1
1962.................................................... -13.5 -7.1 -5.9 -1.3 -6.4 -2.4 -1.3 -1.1
1963.................................................... -11.2 -4.8 -4.0 -0.8 -6.5 -1.9 -0.8 -1.1
1964.................................................... -13.2 -5.9 -6.5 0.6 -7.3 -2.1 -0.9 -1.1
1965.................................................... -9.3 -1.4 -1.6 0.2 -7.9 -1.4 -0.2 -1.2
1966.................................................... -12.0 -3.7 -3.1 -0.6 -8.3 -1.6 -0.5 -1.1
1967.................................................... -19.8 -8.6 -12.6 4.0 -11.2 -2.4 -1.1 -1.4
1968.................................................... -36.1 -25.2 -27.7 2.6 -11.0 -4.2 -2.9 -1.3
1969.................................................... -9.7 3.2 -0.5 3.7 -12.9 -1.0 0.3 -1.4
1970.................................................... -11.9 -2.8 -8.7 5.9 -9.0 -1.2 -0.3 -0.9
1971.................................................... -37.3 -23.0 -26.1 3.0 -14.3 -3.5 -2.1 -1.3
1972.................................................... -30.3 -23.4 -26.1 2.7 -6.9 -2.6 -2.0 -0.6
1973.................................................... -16.8 -14.9 -15.2 0.3 -1.9 -1.3 -1.1 -0.1
1974.................................................... -14.2 -6.1 -7.2 1.1 -8.0 -1.0 -0.4 -0.6
1975.................................................... -70.9 -53.2 -54.1 0.9 -17.6 -4.5 -3.4 -1.1
1976.................................................... -93.3 -73.7 -69.4 -4.3 -19.5 -5.4 -4.2 -1.1
TQ...................................................... -24.5 -14.7 -14.1 -0.7 -9.7 -5.4 -3.2 -2.1
1977.................................................... -62.3 -53.7 -49.9 -3.7 -8.7 -3.2 -2.7 -0.4
1978.................................................... -61.8 -59.2 -55.4 -3.8 -2.6 -2.8 -2.7 -0.1
1979.................................................... -54.9 -40.7 -39.6 -1.1 -14.1 -2.2 -1.6 -0.6
1980.................................................... -96.8 -73.8 -73.1 -0.7 -23.0 -3.5 -2.7 -0.8
1981.................................................... -100.5 -79.0 -73.9 -5.1 -21.5 -3.3 -2.6 -0.7
1982.................................................... -153.3 -128.0 -120.6 -7.4 -25.3 -4.7 -4.0 -0.8
1983.................................................... -232.3 -207.8 -207.7 -0.1 -24.5 -6.8 -6.0 -0.7
1984.................................................... -194.0 -185.4 -185.3 -0.1 -8.6 -5.1 -4.8 -0.2
1985.................................................... -229.5 -212.3 -221.5 9.2 -17.2 -5.5 -5.1 -0.4
1986.................................................... -245.6 -221.2 -237.9 16.7 -24.4 -5.6 -5.0 -0.6
1987.................................................... -181.1 -149.7 -168.4 18.6 -31.4 -3.9 -3.2 -0.7
1988.................................................... -188.5 -155.2 -192.3 37.1 -33.3 -3.8 -3.1 -0.7
1989.................................................... -185.9 -152.6 -205.4 52.8 -33.3 -3.4 -2.8 -0.6
1990.................................................... -276.4 -221.0 -277.6 56.6 -55.4 -4.8 -3.9 -1.0
1991.................................................... -340.7 -269.2 -321.4 52.2 -71.4 -5.7 -4.5 -1.2
1992.................................................... -364.4 -290.3 -340.4 50.1 -74.1 -5.8 -4.7 -1.2
1993.................................................... -317.4 -255.1 -300.4 45.3 -62.3 -4.8 -3.9 -0.9
1994.................................................... -258.5 -203.2 -258.8 55.7 -55.3 -3.7 -2.9 -0.8
1995.................................................... -225.6 -164.0 -226.4 62.4 -61.7 -3.1 -2.2 -0.8
1996.................................................... -157.6 -107.4 -174.0 66.6 -50.2 -2.0 -1.4 -0.7
1997.................................................... -72.8 -21.9 -103.2 81.4 -50.9 -0.9 -0.3 -0.6
1998.................................................... 28.5 69.3 -29.9 99.2 -40.7 0.3 0.8 -0.5
1999.................................................... 70.6 125.6 1.9 123.7 -55.1 0.8 1.4 -0.6
2000.................................................... 172.2 236.2 86.4 149.8 -64.0 1.8 2.4 -0.7
2001.................................................... 25.3 128.2 -32.4 160.7 -102.9 0.3 1.3 -1.0
2002.................................................... -322.7 -157.8 -317.4 159.7 -165.0 -3.1 -1.5 -1.6
2003.................................................... -556.8 -377.6 -538.4 160.8 -179.2 -5.2 -3.5 -1.7
2004.................................................... -559.5 -412.7 -568.0 155.2 -146.8 -4.8 -3.6 -1.3
2005.................................................... -459.3 -318.3 -493.6 175.3 -140.9 -3.7 -2.6 -1.1
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* If dollars, $50 million or less. If percent, 0.05 percent or less.