[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]
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Outlays                               Federal debt (end of period)
--------------------------------    Surplus or   -------------------------------
Fiscal year or period                      Receipts                        National       deficit (-)                        Held by
Total          defense                      Gross  Federal      public
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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
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\1\ Estimates.

Note.--See Note, Table B-78.

Sources: Department of the Treasury and Office of Management and Budget.