[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-79.--Federal budget receipts, outlays, surplus or deficit, and debt, as percent of gross domestic product, fiscal years 1934-99 [Percent; fiscal years] -------------------------------------------------------------------------------------------------------------------------------------------------------- Outlays Federal debt (end of period) -------------------------------- Surplus or ------------------------------- Fiscal year or period Receipts National deficit (-) Held by Total defense Gross Federal public -------------------------------------------------------------------------------------------------------------------------------------------------------- 1934................................................... 4.8 10.7 .............. -5.9 .............. .............. 1935................................................... 5.2 9.2 .............. -4.0 .............. .............. 1936................................................... 5.0 10.5 .............. -5.5 .............. .............. 1937................................................... 6.1 8.6 .............. -2.5 .............. .............. 1938................................................... 7.6 7.7 .............. -.1 .............. .............. 1939................................................... 7.1 10.3 .............. -3.2 54.2 46.6 1940................................................... 6.8 9.8 1.7 -3.0 52.5 44.3 1941................................................... 7.6 12.0 5.6 -4.3 50.5 42.3 1942................................................... 10.1 24.4 17.8 -14.2 54.9 47.0 1943................................................... 13.3 43.6 37.1 -30.3 79.2 71.0 1944................................................... 20.9 43.7 37.9 -22.8 97.6 88.4 1945................................................... 20.4 41.9 37.5 -21.5 117.5 106.2 1946................................................... 17.6 24.8 19.1 -7.1 121.6 108.5 1947................................................... 16.4 14.7 5.5 1.7 109.5 95.5 1948................................................... 16.2 11.6 3.5 4.6 98.2 84.3 1949................................................... 14.5 14.3 4.8 .2 93.0 78.9 1950................................................... 14.4 15.6 5.0 -1.1 93.9 80.1 1951................................................... 16.1 14.2 7.3 1.9 79.5 66.7 1952................................................... 19.0 19.4 13.2 -.4 74.3 61.6 1953................................................... 18.7 20.4 14.2 -1.7 71.3 58.5 1954................................................... 18.4 18.7 13.0 -.3 71.6 59.4 1955................................................... 16.6 17.3 10.8 -.8 69.4 57.3 1956................................................... 17.4 16.5 9.9 .9 63.8 52.0 1957................................................... 17.8 17.0 10.1 .8 60.4 48.7 1958................................................... 17.3 17.9 10.2 -.6 60.7 49.1 1959................................................... 16.1 18.7 10.0 -2.6 58.5 47.7 1960................................................... 17.8 17.8 9.3 .1 56.1 45.7 1961................................................... 17.8 18.4 9.3 -.6 55.1 44.9 1962................................................... 17.6 18.8 9.2 -1.3 53.4 43.7 1963................................................... 17.8 18.6 8.9 -.8 51.9 42.5 1964................................................... 17.6 18.5 8.6 -.9 49.4 40.1 1965................................................... 17.0 17.2 7.4 -.2 46.9 38.0 1966................................................... 17.4 17.9 7.7 -.5 43.6 35.0 1967................................................... 18.3 19.4 8.8 -1.1 41.9 32.8 1968................................................... 17.6 20.5 9.4 -2.9 42.5 33.4 1969................................................... 19.7 19.4 8.7 .3 38.6 29.3 1970................................................... 19.1 19.4 8.1 -.3 37.8 28.1 1971................................................... 17.4 19.5 7.3 -2.1 37.9 28.1 1972................................................... 17.6 19.6 6.7 -2.0 37.0 27.4 1973................................................... 17.7 18.8 5.9 -1.1 35.7 26.1 1974................................................... 18.3 18.7 5.5 -.4 33.6 23.9 1975................................................... 18.0 21.4 5.6 -3.4 34.9 25.4 1976................................................... 17.2 21.5 5.2 -4.3 36.3 27.6 Transition quarter..................................... 17.9 21.1 4.9 -3.2 35.4 27.2 1977................................................... 18.0 20.8 4.9 -2.7 35.8 27.9 1978................................................... 18.1 20.7 4.7 -2.7 35.1 27.4 1979................................................... 18.6 20.2 4.7 -1.6 33.2 25.7 1980................................................... 19.0 21.7 4.9 -2.7 33.4 26.1 1981................................................... 19.7 22.2 5.2 -2.6 32.6 25.8 1982................................................... 19.2 23.2 5.8 -4.0 35.4 28.6 1983................................................... 17.6 23.6 6.1 -6.1 40.1 33.1 1984................................................... 17.5 22.3 6.0 -4.9 41.0 34.1 1985................................................... 17.9 23.1 6.2 -5.2 44.3 36.6 1986................................................... 17.6 22.6 6.2 -5.1 48.5 39.7 1987................................................... 18.6 21.8 6.1 -3.3 50.9 41.0 1988................................................... 18.4 21.5 5.9 -3.1 52.5 41.4 1989................................................... 18.5 21.4 5.7 -2.8 53.6 40.9 1990................................................... 18.2 22.0 5.3 -3.9 56.4 42.4 1991................................................... 18.0 22.6 4.7 -4.6 61.4 45.9 1992................................................... 17.8 22.5 4.9 -4.7 65.1 48.8 1993................................................... 17.8 21.8 4.5 -3.9 67.2 50.2 1994................................................... 18.4 21.4 4.1 -3.0 67.8 50.1 1995................................................... 18.8 21.1 3.8 -2.3 68.4 50.1 1996................................................... 19.3 20.7 3.5 -1.4 68.8 49.6 1997................................................... 19.8 20.1 3.4 -.3 67.4 47.3 1998 \1\............................................... 19.9 20.0 3.2 -.1 66.4 45.5 1999 \1\............................................... 20.1 20.0 3.1 .1 66.1 43.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Estimates. Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.