[Historical Tables]
[Section 15 - Total (Federal and State and Local) Government Finances]
[Table 15.6 - Total Government Surpluses or Deficits (-) in Absolute Amounts and as Percentages of GDP: 1947-2001]
[From the U.S. Government Publishing Office, www.gpo.gov]
Table 15.6--TOTAL GOVERNMENT SURPLUSES OR DEFICITS (-) IN ABSOLUTE AMOUNTS AND AS PERCENTAGES OF GDP: 1947-2001
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In Billions of Current Dollars As Percentages of GDP
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Federal Government State and
Fiscal Year Total ------------------------------------ Local Total Total State and
Government (NIPA Government Federal Local
Total On-Budget Off-Budget Basis)
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1947.................................................... 5.5 4.0 2.9 1.2 1.5 2.4 1.7 0.6
1948.................................................... 13.0 11.8 10.5 1.2 1.2 5.1 4.6 0.5
1949.................................................... 1.9 0.6 -0.7 1.3 1.4 0.7 0.2 0.5
1950.................................................... -2.0 -3.1 -4.7 1.6 1.1 -0.7 -1.1 0.4
1951.................................................... 8.2 6.1 4.3 1.8 2.1 2.6 1.9 0.7
1952.................................................... 1.0 -1.5 -3.4 1.9 2.5 0.3 -0.4 0.7
1953.................................................... -3.2 -6.5 -8.3 1.8 3.3 -0.9 -1.7 0.9
1954.................................................... 2.3 -1.2 -2.8 1.7 3.5 0.6 -0.3 0.9
1955.................................................... -* -3.0 -4.1 1.1 3.0 -* -0.8 0.7
1956.................................................... 8.1 3.9 2.5 1.5 4.1 1.9 0.9 1.0
1957.................................................... 7.8 3.4 2.6 0.8 4.4 1.7 0.8 1.0
1958.................................................... 0.4 -2.8 -3.3 0.5 3.2 0.1 -0.6 0.7
1959.................................................... -9.4 -12.8 -12.1 -0.7 3.4 -1.9 -2.6 0.7
1960.................................................... 4.5 0.3 0.5 -0.2 4.2 0.9 0.1 0.8
1961.................................................... 0.9 -3.3 -3.8 0.4 4.2 0.2 -0.6 0.8
1962.................................................... -2.5 -7.1 -5.9 -1.3 4.7 -0.4 -1.3 0.8
1963.................................................... 0.7 -4.8 -4.0 -0.8 5.4 0.1 -0.8 0.9
1964.................................................... 0.2 -5.9 -6.5 0.6 6.1 * -0.9 0.9
1965.................................................... 4.8 -1.4 -1.6 0.2 6.2 0.7 -0.2 0.9
1966.................................................... 4.1 -3.7 -3.1 -0.6 7.8 0.5 -0.5 1.0
1967.................................................... -2.1 -8.6 -12.6 4.0 6.5 -0.3 -1.1 0.8
1968.................................................... -17.2 -25.2 -27.7 2.6 8.0 -2.0 -2.9 0.9
1969.................................................... 10.1 3.2 -0.5 3.7 6.9 1.1 0.3 0.7
1970.................................................... 6.0 -2.8 -8.7 5.9 8.8 0.6 -0.3 0.9
1971.................................................... -18.5 -23.0 -26.1 3.0 4.5 -1.7 -2.1 0.4
1972.................................................... -12.1 -23.4 -26.4 3.1 11.2 -1.0 -2.0 1.0
1973.................................................... 1.7 -14.9 -15.4 0.5 16.6 0.1 -1.1 1.3
1974.................................................... 6.6 -6.1 -8.0 1.8 12.7 0.5 -0.4 0.9
1975.................................................... -48.5 -53.2 -55.3 2.0 4.8 -3.1 -3.4 0.3
1976.................................................... -70.1 -73.7 -70.5 -3.2 3.7 -4.0 -4.2 0.2
TQ...................................................... -17.0 -14.7 -13.3 -1.4 -2.2 -3.7 -3.2 -0.5
1977.................................................... -42.5 -53.7 -49.8 -3.9 11.1 -2.2 -2.7 0.6
1978.................................................... -39.4 -59.2 -54.9 -4.3 19.8 -1.8 -2.7 0.9
1979.................................................... -27.6 -40.7 -38.7 -2.0 13.1 -1.1 -1.6 0.5
1980.................................................... -64.3 -73.8 -72.7 -1.1 9.5 -2.4 -2.7 0.3
1981.................................................... -71.3 -79.0 -74.0 -5.0 7.6 -2.3 -2.6 0.2
1982.................................................... -128.3 -128.0 -120.1 -7.9 -0.3 -4.0 -4.0 -*
1983.................................................... -207.0 -207.8 -208.0 0.2 0.8 -6.0 -6.0 *
1984.................................................... -163.5 -185.4 -185.7 0.3 21.9 -4.3 -4.8 0.6
1985.................................................... -191.0 -212.3 -221.7 9.4 21.3 -4.6 -5.1 0.5
1986.................................................... -200.7 -221.2 -238.0 16.7 20.5 -4.6 -5.0 0.5
1987.................................................... -135.0 -149.8 -169.3 19.6 14.8 -2.9 -3.2 0.3
1988.................................................... -143.9 -155.2 -194.0 38.8 11.3 -2.9 -3.1 0.2
1989.................................................... -126.0 -152.5 -205.2 52.8 26.5 -2.3 -2.8 0.5
1990.................................................... -217.1 -221.2 -277.8 56.6 4.1 -3.8 -3.9 0.1
1991.................................................... -278.1 -269.4 -321.6 52.2 -8.7 -4.7 -4.5 -0.1
1992.................................................... -303.6 -290.4 -340.5 50.1 -13.2 -4.9 -4.7 -0.2
1993.................................................... -254.1 -255.1 -300.5 45.3 1.0 -3.9 -3.9 *
1994.................................................... -197.3 -203.3 -258.9 55.7 6.0 -2.8 -2.9 0.1
1995.................................................... -151.9 -164.0 -226.4 62.4 12.1 -2.1 -2.2 0.2
1996.................................................... -83.7 -107.5 -174.1 66.6 23.8 -1.1 -1.4 0.3
1997.................................................... 2.9 -22.0 -103.4 81.4 24.9 * -0.3 0.3
1998.................................................... 108.4 69.2 -30.0 99.2 39.3 1.3 0.8 0.5
1999.................................................... 164.3 125.5 1.8 123.7 38.8 1.8 1.4 0.4
2000.................................................... 274.1 236.4 86.6 149.8 37.7 2.8 2.4 0.4
2001.................................................... 145.6 127.1 -33.4 160.5 18.5 1.4 1.3 0.2
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* If dollars, $50 million or less. If percent, 0.05 percent or less.