[Economic Report of the President (2004)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-79.--Federal receipts, outlays, surplus or deficit, and debt, as percent of gross domestic product, fiscal years 1934-2005 [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 50.4 42.3 1942................................................... 10.1 24.3 17.8 -14.2 54.9 47.0 1943................................................... 13.3 43.6 37.0 -30.3 79.1 70.9 1944................................................... 20.9 43.6 37.8 -22.7 97.6 88.3 1945................................................... 20.4 41.9 37.5 -21.5 117.5 106.2 1946................................................... 17.6 24.8 19.2 -7.2 121.7 108.6 1947................................................... 16.5 14.8 5.5 1.7 110.3 96.2 1948................................................... 16.2 11.6 3.5 4.6 98.2 84.3 1949................................................... 14.5 14.3 4.8 .2 93.1 79.0 1950................................................... 14.4 15.6 5.0 -1.1 94.0 80.2 1951................................................... 16.1 14.2 7.4 1.9 79.7 66.9 1952................................................... 19.0 19.4 13.2 -.4 74.3 61.6 1953................................................... 18.7 20.4 14.2 -1.7 71.4 58.6 1954................................................... 18.5 18.8 13.1 -.3 71.8 59.5 1955................................................... 16.5 17.3 10.8 -.8 69.3 57.2 1956................................................... 17.5 16.5 10.0 .9 63.9 52.0 1957................................................... 17.7 17.0 10.1 .8 60.4 48.6 1958................................................... 17.3 17.9 10.2 -.6 60.8 49.2 1959................................................... 16.2 18.8 10.0 -2.6 58.6 47.9 1960................................................... 17.8 17.8 9.3 .1 56.0 45.6 1961................................................... 17.8 18.4 9.4 -.6 55.2 45.0 1962................................................... 17.6 18.8 9.2 -1.3 53.4 43.7 1963................................................... 17.8 18.6 8.9 -.8 51.8 42.4 1964................................................... 17.6 18.5 8.5 -.9 49.3 40.0 1965................................................... 17.0 17.2 7.4 -.2 46.9 37.9 1966................................................... 17.3 17.8 7.7 -.5 43.5 34.9 1967................................................... 18.4 19.4 8.8 -1.1 42.0 32.9 1968................................................... 17.6 20.5 9.4 -2.9 42.5 33.3 1969................................................... 19.7 19.4 8.7 .3 38.6 29.3 1970................................................... 19.0 19.3 8.1 -.3 37.6 28.0 1971................................................... 17.3 19.5 7.3 -2.1 37.8 28.1 1972................................................... 17.6 19.6 6.7 -2.0 37.0 27.4 1973................................................... 17.6 18.7 5.8 -1.1 35.6 26.0 1974................................................... 18.3 18.7 5.5 -.4 33.6 23.9 1975................................................... 17.9 21.3 5.5 -3.4 34.7 25.3 1976................................................... 17.1 21.4 5.2 -4.2 36.2 27.5 Transition quarter..................................... 17.7 20.9 4.8 -3.2 35.0 27.0 1977................................................... 18.0 20.7 4.9 -2.7 35.8 27.8 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................................................... 19.0 21.7 4.9 -2.7 33.4 26.1 1981................................................... 19.6 22.2 5.1 -2.6 32.5 25.8 1982................................................... 19.2 23.1 5.7 -4.0 35.3 28.7 1983................................................... 17.4 23.5 6.1 -6.0 39.8 33.0 1984................................................... 17.3 22.1 5.9 -4.8 40.7 34.0 1985................................................... 17.7 22.8 6.1 -5.1 43.8 36.3 1986................................................... 17.5 22.5 6.2 -5.0 48.1 39.5 1987................................................... 18.4 21.6 6.1 -3.2 50.4 40.6 1988................................................... 18.1 21.2 5.8 -3.1 51.9 40.9 1989................................................... 18.3 21.2 5.6 -2.8 53.1 40.6 1990................................................... 18.0 21.8 5.2 -3.9 55.9 42.0 1991................................................... 17.8 22.3 4.6 -4.5 60.6 45.3 1992................................................... 17.5 22.1 4.8 -4.7 64.1 48.1 1993................................................... 17.5 21.4 4.4 -3.9 66.1 49.4 1994................................................... 18.1 21.0 4.0 -2.9 66.7 49.3 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................................................... 20.0 19.2 3.1 .8 63.5 43.1 1999................................................... 20.0 18.6 3.0 1.4 61.4 39.8 2000................................................... 20.9 18.4 3.0 2.4 58.0 35.1 2001................................................... 19.8 18.6 3.0 1.3 57.5 33.1 2002................................................... 17.9 19.4 3.4 -1.5 59.8 34.1 2003................................................... 16.5 19.9 3.7 -3.5 62.4 36.1 2004 \1\............................................... 15.7 20.2 4.0 -4.5 65.3 38.6 2005 \1\............................................... 16.9 19.9 3.7 -3.0 67.5 39.8 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Estimates. Note.--See Note, Table B-78. Sources: Department of the Treasury and Office of Management and Budget.