[Economic Report of the President (2001)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


GOVERNMENT FINANCE
 
Table B-78.--Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1939-2000
[Billions of dollars; fiscal years]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total                      On-budget                    Off-budget            Federal debt (end    Adden-
----------------------------------------------------------------------------------------      of period)        dum:
---------------------   Gross
Fiscal year or period                            Surplus                      Surplus                      Surplus                         domes-
Receipts  Outlays     or     Receipts  Outlays     or     Receipts  Outlays      or       Gross    Held by      tic
deficit                      deficit                      deficit    Federal     the       prod-
(-)                          (-)                          (-)                 public      uct
--------------------------------------------------------------------------------------------------------------------------------------------------------
1939.............................       6.3      9.1      -2.8       5.8      9.2      -3.4       0.5     -0.0       0.5       48.2      41.4       89.0

1940.............................       6.5      9.5      -2.9       6.0      9.5      -3.5        .6      -.0        .6       50.7      42.8       96.7
1941.............................       8.7     13.7      -4.9       8.0     13.6      -5.6        .7       .0        .7       57.5      48.2      114.0
1942.............................      14.6     35.1     -20.5      13.7     35.1     -21.3        .9       .1        .8       79.2      67.8      144.2
1943.............................      24.0     78.6     -54.6      22.9     78.5     -55.6       1.1       .1       1.0      142.6     127.8      180.1
1944.............................      43.7     91.3     -47.6      42.5     91.2     -48.7       1.3       .1       1.2      204.1     184.8      209.0
1945.............................      45.2     92.7     -47.6      43.8     92.6     -48.7       1.3       .1       1.2      260.1     235.2      221.3
1946.............................      39.3     55.2     -15.9      38.1     55.0     -17.0       1.2       .2       1.0      271.0     241.9      222.7
1947.............................      38.5     34.5       4.0      37.1     34.2       2.9       1.5       .3       1.2      257.1     224.3      234.6
1948.............................      41.6     29.8      11.8      39.9     29.4      10.5       1.6       .4       1.2      252.0     216.3      256.4
1949.............................      39.4     38.8        .6      37.7     38.4       -.7       1.7       .4       1.3      252.6     214.3      271.5

1950.............................      39.4     42.6      -3.1      37.3     42.0      -4.7       2.1       .5       1.6      256.9     219.0      273.4
1951.............................      51.6     45.5       6.1      48.5     44.2       4.3       3.1      1.3       1.8      255.3     214.3      321.0
1952.............................      66.2     67.7      -1.5      62.6     66.0      -3.4       3.6      1.7       1.9      259.1     214.8      348.8
1953.............................      69.6     76.1      -6.5      65.5     73.8      -8.3       4.1      2.3       1.8      266.0     218.4      373.4
1954.............................      69.7     70.9      -1.2      65.1     67.9      -2.8       4.6      2.9       1.7      270.8     224.5      378.0
1955.............................      65.5     68.4      -3.0      60.4     64.5      -4.1       5.1      4.0       1.1      274.4     226.6      395.2
1956.............................      74.6     70.6       3.9      68.2     65.7       2.5       6.4      5.0       1.5      272.7     222.2      427.7
1957.............................      80.0     76.6       3.4      73.2     70.6       2.6       6.8      6.0        .8      272.3     219.3      450.7
1958.............................      79.6     82.4      -2.8      71.6     74.9      -3.3       8.0      7.5        .5      279.7     226.3      461.1
1959.............................      79.2     92.1     -12.8      71.0     83.1     -12.1       8.3      9.0       -.7      287.5     234.7      492.1

1960.............................      92.5     92.2        .3      81.9     81.3        .5      10.6     10.9       -.2      290.5     236.8      518.9
1961.............................      94.4     97.7      -3.3      82.3     86.0      -3.8      12.1     11.7        .4      292.6     238.4      531.8
1962.............................      99.7    106.8      -7.1      87.4     93.3      -5.9      12.3     13.5      -1.3      302.9     248.0      568.5
1963.............................     106.6    111.3      -4.8      92.4     96.4      -4.0      14.2     15.0       -.8      310.3     254.0      599.7
1964.............................     112.6    118.5      -5.9      96.2    102.8      -6.5      16.4     15.7        .6      316.1     256.8      641.3
1965.............................     116.8    118.2      -1.4     100.1    101.7      -1.6      16.7     16.5        .2      322.3     260.8      687.9
1966.............................     130.8    134.5      -3.7     111.7    114.8      -3.1      19.1     19.7       -.6      328.5     263.7      754.2
1967.............................     148.8    157.5      -8.6     124.4    137.0     -12.6      24.4     20.4       4.0      340.4     266.6      813.5
1968.............................     153.0    178.1     -25.2     128.1    155.8     -27.7      24.9     22.3       2.6      368.7     289.5      868.4
1969.............................     186.9    183.6       3.2     157.9    158.4       -.5      29.0     25.2       3.7      365.8     278.1      949.2

1970.............................     192.8    195.6      -2.8     159.3    168.0      -8.7      33.5     27.6       5.9      380.9     283.2    1,013.2
1971.............................     187.1    210.2     -23.0     151.3    177.3     -26.1      35.8     32.8       3.0      408.2     303.0    1,081.4
1972.............................     207.3    230.7     -23.4     167.4    193.8     -26.4      39.9     36.9       3.1      435.9     322.4    1,181.5
1973.............................     230.8    245.7     -14.9     184.7    200.1     -15.4      46.1     45.6        .5      466.3     340.9    1,308.1
1974.............................     263.2    269.4      -6.1     209.3    217.3      -8.0      53.9     52.1       1.8      483.9     343.7    1,442.1
1975.............................     279.1    332.3     -53.2     216.6    271.9     -55.3      62.5     60.4       2.0      541.9     394.7    1,559.8
1976.............................     298.1    371.8     -73.7     231.7    302.2     -70.5      66.4     69.6      -3.2      629.0     477.4    1,736.7
Transition quarter...............      81.2     96.0     -14.7      63.2     76.6     -13.3      18.0     19.4      -1.4      643.6     495.5      454.8
1977.............................     355.6    409.2     -53.7     278.7    328.5     -49.8      76.8     80.7      -3.9      706.4     549.1    1,971.3
1978.............................     399.6    458.7     -59.2     314.2    369.1     -54.9      85.4     89.7      -4.3      776.6     607.1    2,218.6
1979.............................     463.3    504.0     -40.7     365.3    404.1     -38.7      98.0    100.0      -2.0      829.5     640.3    2,503.8

1980.............................     517.1    590.9     -73.8     403.9    476.6     -72.7     113.2    114.3      -1.1      909.1     711.9    2,732.1
1981.............................     599.3    678.2     -79.0     469.1    543.1     -74.0     130.2    135.2      -5.0      994.8     789.4    3,061.6
1982.............................     617.8    745.8    -128.0     474.3    594.4    -120.1     143.5    151.4      -7.9    1,137.3     924.6    3,228.6
1983.............................     600.6    808.4    -207.8     453.2    661.3    -208.0     147.3    147.1        .2    1,371.7   1,137.3    3,440.5
1984.............................     666.5    851.9    -185.4     500.4    686.1    -185.7     166.1    165.8        .3    1,564.7   1,307.0    3,839.4
1985.............................     734.1    946.4    -212.3     547.9    769.6    -221.7     186.2    176.8       9.4    1,817.5   1,507.4    4,136.6
1986.............................     769.2    990.5    -221.2     569.0    807.0    -238.0     200.2    183.5      16.7    2,120.6   1,740.8    4,401.4
1987.............................     854.4  1,004.1    -149.8     641.0    810.3    -169.3     213.4    193.8      19.6    2,346.1   1,889.9    4,647.0
1988.............................     909.3  1,064.5    -155.2     667.8    861.8    -194.0     241.5    202.7      38.8    2,601.3   2,051.8    5,014.7
1989.............................     991.2  1,143.7    -152.5     727.5    932.8    -205.2     263.7    210.9      52.8    2,868.0   2,191.0    5,405.5

1990.............................   1,032.0  1,253.2    -221.2     750.3  1,028.1    -277.8     281.7    225.1      56.6    3,206.6   2,411.8    5,735.6
1991.............................   1,055.0  1,324.4    -269.4     761.2  1,082.7    -321.6     293.9    241.7      52.2    3,598.5   2,689.3    5,930.4
1992.............................   1,091.3  1,381.7    -290.4     788.9  1,129.3    -340.5     302.4    252.3      50.1    4,002.1   3,000.1    6,218.6
1993.............................   1,154.4  1,409.5    -255.1     842.5  1,142.9    -300.5     311.9    266.6      45.3    4,351.4   3,248.8    6,558.4
1994.............................   1,258.6  1,461.9    -203.3     923.6  1,182.5    -258.9     335.0    279.4      55.7    4,643.7   3,433.4    6,944.6
1995.............................   1,351.8  1,515.8    -164.0   1,000.8  1,227.2    -226.4     351.1    288.7      62.4    4,921.0   3,604.8    7,324.0
1996.............................   1,453.1  1,560.6    -107.5   1,085.6  1,259.7    -174.1     367.5    300.9      66.6    5,181.9   3,734.5    7,694.6
1997.............................   1,579.3  1,601.3     -22.0   1,187.3  1,290.7    -103.4     392.0    310.6      81.4    5,369.7   3,772.8    8,185.2
1998.............................   1,721.8  1,652.6      69.2   1,306.0  1,336.0     -30.0     415.8    316.6      99.2    5,478.7   3,721.6    8,673.5
1999.............................   1,827.5  1,703.0     124.4   1,383.0  1,382.3        .7     444.5    320.8     123.7    5,606.1   3,632.9    9,130.4

2000 \1\.........................   2,025.2  1,789.0     236.2   1,544.6  1,458.2      86.4     480.6    330.8     149.8    5,629.0   3,410.1    9,830.4
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\1\ Estimates.

Note.--Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year is on an
October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscal period known as the transition
quarter.
Refunds of receipts are excluded from receipts and outlays.
See Budget of the United States Government, for additional information.

Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and Budget.