[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: 1948-2007]
[From the U.S. Government Printing Office, www.gpo.gov]



[[Page 326]]


 
                     Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1948-2007
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                        In Billions of Current Dollars                       As Percentages of GDP
                                                         -----------------------------------------------------------------------------------------------
                                                                              Federal Government           State and
                       Fiscal Year                           Total   ------------------------------------    Local       Total       Total     State and
                                                          Government                                         (NIPA    Government    Federal      Local
                                                                         Total     On-Budget  Off-Budget    Basis)
--------------------------------------------------------------------------------------------------------------------------------------------------------
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....................................................   -554.9      -377.6      -538.4       160.8      -177.3        -5.1        -3.5        -1.6
2004....................................................   -554.9      -412.7      -568.0       155.2      -142.1        -4.8        -3.6        -1.2
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* If dollars, $50 million or less. If percent, 0.05 percent or less.


[[Page 327]]


                     Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1948-2007
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                        In Billions of Current Dollars                       As Percentages of GDP
                                                         -----------------------------------------------------------------------------------------------
                                                                              Federal Government           State and
                       Fiscal Year                           Total   ------------------------------------    Local       Total       Total     State and
                                                          Government                                         (NIPA    Government    Federal      Local
                                                                         Total     On-Budget  Off-Budget    Basis)
--------------------------------------------------------------------------------------------------------------------------------------------------------
2005....................................................   -435.0      -318.3      -493.6       175.3      -116.7        -3.6        -2.6        -1.0
2006....................................................   -384.1      -248.2      -434.5       186.3      -135.9        -3.0        -1.9        -1.0
2007....................................................   -332.5      -162.0      -343.5       181.5      -170.5        -2.4        -1.2        -1.2
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