[Economic Report of the President (2007)]
[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, fiscal years, 1940-2008
[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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1940.............................       6.5      9.5      -2.9       6.0      9.5      -3.5       0.6     -0.0       0.6       50.7      42.8       96.8
1941.............................       8.7     13.7      -4.9       8.0     13.6      -5.6        .7       .0        .7       57.5      48.2      114.1
1942.............................      14.6     35.1     -20.5      13.7     35.1     -21.3        .9       .1        .8       79.2      67.8      144.3
1943.............................      24.0     78.6     -54.6      22.9     78.5     -55.6       1.1       .1       1.0      142.6     127.8      180.3
1944.............................      43.7     91.3     -47.6      42.5     91.2     -48.7       1.3       .1       1.2      204.1     184.8      209.2
1945.............................      45.2     92.7     -47.6      43.8     92.6     -48.7       1.3       .1       1.2      260.1     235.2      221.4
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      233.2
1948.............................      41.6     29.8      11.8      39.9     29.4      10.5       1.6       .4       1.2      252.0     216.3      256.0
1949.............................      39.4     38.8        .6      37.7     38.4       -.7       1.7       .4       1.3      252.6     214.3      271.1

1950.............................      39.4     42.6      -3.1      37.3     42.0      -4.7       2.1       .5       1.6      256.9     219.0      273.0
1951.............................      51.6     45.5       6.1      48.5     44.2       4.3       3.1      1.3       1.8      255.3     214.3      320.6
1952.............................      66.2     67.7      -1.5      62.6     66.0      -3.4       3.6      1.7       1.9      259.1     214.8      348.6
1953.............................      69.6     76.1      -6.5      65.5     73.8      -8.3       4.1      2.3       1.8      266.0     218.4      372.9
1954.............................      69.7     70.9      -1.2      65.1     67.9      -2.8       4.6      2.9       1.7      270.8     224.5      377.3
1955.............................      65.5     68.4      -3.0      60.4     64.5      -4.1       5.1      4.0       1.1      274.4     226.6      394.6
1956.............................      74.6     70.6       3.9      68.2     65.7       2.5       6.4      5.0       1.5      272.7     222.2      427.2
1957.............................      80.0     76.6       3.4      73.2     70.6       2.6       6.8      6.0        .8      272.3     219.3      450.3
1958.............................      79.6     82.4      -2.8      71.6     74.9      -3.3       8.0      7.5        .5      279.7     226.3      460.5
1959.............................      79.2     92.1     -12.8      71.0     83.1     -12.1       8.3      9.0       -.7      287.5     234.7      491.5

1960.............................      92.5     92.2        .3      81.9     81.3        .5      10.6     10.9       -.2      290.5     236.8      517.9
1961.............................      94.4     97.7      -3.3      82.3     86.0      -3.8      12.1     11.7        .4      292.6     238.4      530.8
1962.............................      99.7    106.8      -7.1      87.4     93.3      -5.9      12.3     13.5      -1.3      302.9     248.0      567.6
1963.............................     106.6    111.3      -4.8      92.4     96.4      -4.0      14.2     15.0       -.8      310.3     254.0      598.7
1964.............................     112.6    118.5      -5.9      96.2    102.8      -6.5      16.4     15.7        .6      316.1     256.8      640.4
1965.............................     116.8    118.2      -1.4     100.1    101.7      -1.6      16.7     16.5        .2      322.3     260.8      687.1
1966.............................     130.8    134.5      -3.7     111.7    114.8      -3.1      19.1     19.7       -.6      328.5     263.7      752.9
1967.............................     148.8    157.5      -8.6     124.4    137.0     -12.6      24.4     20.4       4.0      340.4     266.6      811.8
1968.............................     153.0    178.1     -25.2     128.1    155.8     -27.7      24.9     22.3       2.6      368.7     289.5      866.6
1969.............................     186.9    183.6       3.2     157.9    158.4       -.5      29.0     25.2       3.7      365.8     278.1      948.6

1970.............................     192.8    195.6      -2.8     159.3    168.0      -8.7      33.5     27.6       5.9      380.9     283.2    1,012.2
1971.............................     187.1    210.2     -23.0     151.3    177.3     -26.1      35.8     32.8       3.0      408.2     303.0    1,079.9
1972.............................     207.3    230.7     -23.4     167.4    193.5     -26.1      39.9     37.2       2.7      435.9     322.4    1,178.3
1973.............................     230.8    245.7     -14.9     184.7    200.0     -15.2      46.1     45.7        .3      466.3     340.9    1,307.6
1974.............................     263.2    269.4      -6.1     209.3    216.5      -7.2      53.9     52.9       1.1      483.9     343.7    1,439.3
1975.............................     279.1    332.3     -53.2     216.6    270.8     -54.1      62.5     61.6        .9      541.9     394.7    1,560.7
1976.............................     298.1    371.8     -73.7     231.7    301.1     -69.4      66.4     70.7      -4.3      629.0     477.4    1,736.5
Transition quarter...............      81.2     96.0     -14.7      63.2     77.3     -14.1      18.0     18.7       -.7      643.6     495.5      456.7
1977.............................     355.6    409.2     -53.7     278.7    328.7     -49.9      76.8     80.5      -3.7      706.4     549.1    1,974.3
1978.............................     399.6    458.7     -59.2     314.2    369.6     -55.4      85.4     89.2      -3.8      776.6     607.1    2,217.0
1979.............................     463.3    504.0     -40.7     365.3    404.9     -39.6      98.0     99.1      -1.1      829.5     640.3    2,500.7

1980.............................     517.1    590.9     -73.8     403.9    477.0     -73.1     113.2    113.9       -.7      909.0     711.9    2,726.7
1981.............................     599.3    678.2     -79.0     469.1    543.0     -73.9     130.2    135.3      -5.1      994.8     789.4    3,054.7
1982.............................     617.8    745.7    -128.0     474.3    594.9    -120.6     143.5    150.9      -7.4    1,137.3     924.6    3,227.6
1983.............................     600.6    808.4    -207.8     453.2    660.9    -207.7     147.3    147.4       -.1    1,371.7   1,137.3    3,440.7
1984.............................     666.5    851.9    -185.4     500.4    685.7    -185.3     166.1    166.2       -.1    1,564.6   1,307.0    3,840.2
1985.............................     734.1    946.4    -212.3     547.9    769.4    -221.5     186.2    176.9       9.2    1,817.4   1,507.3    4,141.5
1986.............................     769.2    990.4    -221.2     569.0    806.9    -237.9     200.2    183.5      16.7    2,120.5   1,740.6    4,412.4
1987.............................     854.4  1,004.1    -149.7     641.0    809.3    -168.4     213.4    194.8      18.6    2,346.0   1,889.8    4,647.1
1988.............................     909.3  1,064.5    -155.2     667.8    860.1    -192.3     241.5    204.4      37.1    2,601.1   2,051.6    5,008.6
1989.............................     991.2  1,143.8    -152.6     727.5    932.9    -205.4     263.7    210.9      52.8    2,867.8   2,190.7    5,400.5

1990.............................   1,032.1  1,253.1    -221.0     750.4  1,028.1    -277.6     281.7    225.1      56.6    3,206.3   2,411.6    5,735.4
1991.............................   1,055.1  1,324.3    -269.2     761.2  1,082.6    -321.4     293.9    241.7      52.2    3,598.2   2,689.0    5,935.1
1992.............................   1,091.3  1,381.6    -290.3     788.9  1,129.3    -340.4     302.4    252.3      50.1    4,001.8   2,999.7    6,239.9
1993.............................   1,154.5  1,409.5    -255.1     842.5  1,142.9    -300.4     311.9    266.6      45.3    4,351.0   3,248.4    6,575.5
1994.............................   1,258.7  1,461.9    -203.2     923.7  1,182.5    -258.8     335.0    279.4      55.7    4,643.3   3,433.1    6,961.3
1995.............................   1,351.9  1,515.9    -164.0   1,000.9  1,227.2    -226.4     351.1    288.7      62.4    4,920.6   3,604.4    7,325.8
1996.............................   1,453.2  1,560.6    -107.4   1,085.7  1,259.7    -174.0     367.5    300.9      66.6    5,181.5   3,734.1    7,694.1
1997.............................   1,579.4  1,601.3     -21.9   1,187.4  1,290.7    -103.2     392.0    310.6      81.4    5,369.2   3,772.3    8,182.4
1998.............................   1,722.0  1,652.7      69.3   1,306.2  1,336.1     -29.9     415.8    316.6      99.2    5,478.2   3,721.1    8,627.9
1999.............................   1,827.6  1,702.0     125.6   1,383.2  1,381.3       1.9     444.5    320.8     123.7    5,605.5   3,632.4    9,125.3

2000.............................   2,025.5  1,789.2     236.2   1,544.9  1,458.5      86.4     480.6    330.8     149.8    5,628.7   3,409.8    9,709.8
2001.............................   1,991.4  1,863.2     128.2   1,483.9  1,516.4     -32.4     507.5    346.8     160.7    5,769.9   3,319.6   10,057.9
2002.............................   1,853.4  2,011.2    -157.8   1,338.1  1,655.5    -317.4     515.3    355.7     159.7    6,198.4   3,540.4   10,377.4
2003.............................   1,782.5  2,160.1    -377.6   1,258.7  1,797.1    -538.4     523.8    363.0     160.8    6,760.0   3,913.4   10,808.6
2004.............................   1,880.3  2,293.0    -412.7   1,345.5  1,913.5    -568.0     534.7    379.5     155.2    7,354.7   4,295.5   11,517.5
2005.............................   2,153.9  2,472.2    -318.3   1,576.4  2,070.0    -493.6     577.5    402.2     175.3    7,905.3   4,592.2   12,265.8
2006.............................   2,407.3  2,655.4    -248.2   1,798.9  2,233.4    -434.5     608.4    422.1     186.3    8,451.4   4,829.0   13,061.1
2007 (estimates).................   2,540.1  2,784.3    -244.2   1,906.0  2,333.0    -427.0     634.1    451.3     182.8    9,007.8   5,083.3   13,761.2
2008 (estimates).................   2,662.5  2,901.9    -239.4   1,988.4  2,439.3    -450.9     674.1    462.5     211.6    9,575.5   5,345.4   14,515.0
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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 transition quarter is the 3-month period from July 1, 1976 through September 30, 1976.
See Budget of the United States Government, Fiscal Year 2008, for additional information.

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