[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] Table B-79.--Federal receipts, outlays, surplus or deficit, and debt, as percent of gross domestic product, fiscal years 1934-2004 [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 52.4 44.2 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 37.0 -30.3 79.2 70.9 1944................................................... 20.9 43.7 37.9 -22.8 97.6 88.4 1945................................................... 20.4 41.9 37.5 -21.5 117.5 106.3 1946................................................... 17.6 24.8 19.2 -7.2 121.7 108.6 1947................................................... 16.4 14.7 5.5 1.7 109.6 95.6 1948................................................... 16.2 11.6 3.6 4.6 98.3 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 66.8 1952................................................... 19.0 19.4 13.2 -.4 74.3 61.6 1953................................................... 18.6 20.4 14.1 -1.7 71.2 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 51.9 1957................................................... 17.7 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 58.4 47.7 1960................................................... 17.8 17.8 9.3 .1 56.0 45.6 1961................................................... 17.7 18.4 9.3 -.6 55.0 44.8 1962................................................... 17.5 18.8 9.2 -1.3 53.3 43.6 1963................................................... 17.8 18.6 8.9 -.8 51.7 42.4 1964................................................... 17.6 18.5 8.5 -.9 49.3 40.1 1965................................................... 17.0 17.2 7.4 -.2 46.9 37.9 1966................................................... 17.3 17.8 7.7 -.5 43.6 35.0 1967................................................... 18.3 19.4 8.8 -1.1 41.8 32.8 1968................................................... 17.6 20.5 9.4 -2.9 42.5 33.3 1969................................................... 19.7 19.3 8.7 .3 38.5 29.3 1970................................................... 19.0 19.3 8.1 -.3 37.6 28.0 1971................................................... 17.3 19.4 7.3 -2.1 37.7 28.0 1972................................................... 17.5 19.5 6.7 -2.0 36.9 27.3 1973................................................... 17.6 18.8 5.9 -1.1 35.6 26.1 1974................................................... 18.3 18.7 5.5 -.4 33.6 23.8 1975................................................... 17.9 21.3 5.5 -3.4 34.7 25.3 1976................................................... 17.2 21.4 5.2 -4.2 36.2 27.5 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................................................... 18.0 20.7 4.7 -2.7 35.0 27.4 1979................................................... 18.5 20.1 4.6 -1.6 33.1 25.6 1980................................................... 18.9 21.6 4.9 -2.7 33.3 26.1 1981................................................... 19.6 22.2 5.1 -2.6 32.5 25.8 1982................................................... 19.1 23.1 5.7 -4.0 35.2 28.6 1983................................................... 17.5 23.5 6.1 -6.0 39.9 33.1 1984................................................... 17.4 22.2 5.9 -4.8 40.8 34.0 1985................................................... 17.7 22.9 6.1 -5.1 43.9 36.4 1986................................................... 17.5 22.5 6.2 -5.0 48.2 39.5 1987................................................... 18.4 21.6 6.1 -3.2 50.5 40.7 1988................................................... 18.1 21.2 5.8 -3.1 51.9 40.9 1989................................................... 18.3 21.2 5.6 -2.8 53.1 40.5 1990................................................... 18.0 21.8 5.2 -3.9 55.9 42.0 1991................................................... 17.8 22.3 4.6 -4.5 60.7 45.3 1992................................................... 17.5 22.2 4.8 -4.7 64.4 48.2 1993................................................... 17.6 21.5 4.4 -3.9 66.3 49.5 1994................................................... 18.1 21.1 4.1 -2.9 66.9 49.4 1995................................................... 18.5 20.7 3.7 -2.2 67.2 49.2 1996................................................... 18.9 20.3 3.5 -1.4 67.3 48.5 1997................................................... 19.3 19.6 3.3 -.3 65.6 46.1 1998................................................... 19.9 19.1 3.1 .8 63.2 42.9 1999................................................... 20.0 18.6 3.0 1.4 61.3 39.8 2000................................................... 20.8 18.4 3.0 2.4 57.9 35.1 2001................................................... 19.9 18.6 3.0 1.3 57.6 33.1 2002................................................... 17.9 19.5 3.4 -1.5 60.0 34.3 2003 \1\............................................... 17.1 19.9 3.5 -2.8 62.8 36.1 2004 \1\............................................... 17.0 19.7 3.5 -2.7 64.8 36.9 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Estimates. Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.