ECONOMIC REPORT OF THE PRESIDENT

Table B–18. Federal receipts, outlays, surplus or deficit, and debt, as percent of gross
domestic product, fiscal years 1945–2017
Fiscal year or period
Receipts
Total
[Percent; fiscal years]
Outlays
National
defense
Surplus
or
deficit
(–)
Federal debt (end of period)
Gross
Federal
1945 19.9 41.0 36.6 –21.0 114.9 103.9
1946 17.2 24.2 18.7 –7.0 118.9 106.1
1947 16.1 14.4 5.4 1.7 107.6 93.9
1948 15.8 11.3 3.5 4.5 96.0 82.4
1949 14.2 14.0 4.8 .2 91.3 77.4
1950 14.1 15.3 4.9 –1.1 92.1 78.5
1951 15.8 13.9 7.2 1.9 78.0 65.5
1952 18.5 18.9 12.9 –.4 72.5 60.1
1953 18.2 19.9 13.8 –1.7 69.5 57.1
1954 18.0 18.3 12.7 –.3 69.9 57.9
1955 16.1 16.8 10.5 –.7 67.4 55.7
1956 17.0 16.1 9.7 .9 62.1 50.6
1957 17.2 16.5 9.8 .7 58.6 47.2
1958 16.8 17.4 9.9 –.6 59.0 47.7
1959 15.7 18.2 9.7 –2.5 56.9 46.4
1960 17.3 17.2 9.0 .1 54.3 44.3
1961 17.2 17.8 9.1 –.6 53.4 43.5
1962 17.0 18.2 8.9 –1.2 51.6 42.3
1963 17.2 18.0 8.6 –.8 50.1 41.0
1964 17.0 17.9 8.3 –.9 47.7 38.7
1965 16.4 16.6 7.1 –.2 45.4 36.7
1966 16.7 17.2 7.4 –.5 42.0 33.7
1967 17.8 18.8 8.5 –1.0 40.6 31.8
1968 17.0 19.8 9.1 –2.8 41.0 32.2
1969 19.0 18.7 8.4 .3 37.2 28.3
1970 18.4 18.6 7.8 –.3 36.3 27.0
1971 16.7 18.8 7.0 –2.1 36.5 27.1
1972 17.0 18.9 6.5 –1.9 35.7 26.4
1973 17.0 18.1 5.7 –1.1 34.4 25.1
1974 17.7 18.1 5.3 –.4 32.6 23.1
1975 17.3 20.6 5.4 –3.3 33.6 24.5
1976 16.6 20.8 5.0 –4.1 35.1 26.7
Transition quarter 17.2 20.3 4.7 –3.1 34.0 26.2
1977 17.5 20.2 4.8 –2.6 34.8 27.1
1978 17.5 20.1 4.6 –2.6 34.1 26.6
1979 18.0 19.6 4.5 –1.6 32.3 24.9
1980 18.5 21.1 4.8 –2.6 32.5 25.5
1981 19.1 21.6 5.0 –2.5 31.7 25.2
1982 18.6 22.5 5.6 –3.9 34.3 27.9
1983 17.0 22.8 5.9 –5.9 38.7 32.1
1984 16.9 21.5 5.8 –4.7 39.6 33.1
1985 17.2 22.2 5.9 –5.0 42.6 35.3
1986 17.0 21.8 6.0 –4.9 46.7 38.4
1987 17.9 21.0 5.9 –3.1 49.1 39.5
1988 17.6 20.6 5.6 –3.0 50.5 39.8
1989 17.8 20.5 5.4 –2.7 51.5 39.3
1990 17.4 21.2 5.1 –3.7 54.2 40.8
1991 17.3 21.7 4.5 –4.4 58.9 44.0
1992 17.0 21.5 4.6 –4.5 62.2 46.6
1993 17.0 20.7 4.3 –3.8 64.0 47.8
1994 17.5 20.3 3.9 –2.8 64.5 47.7
1995 17.8 20.0 3.6 –2.2 64.9 47.5
1996 18.2 19.6 3.3 –1.3 64.9 46.8
1997 18.6 18.9 3.2 –.3 63.3 44.5
1998 19.2 18.5 3.0 .8 61.2 41.6
1999 19.2 17.9 2.9 1.3 58.9 38.2
2000 20.0 17.6 2.9 2.3 55.5 33.6
2001 18.8 17.6 2.9 1.2 54.6 31.4
2002 17.0 18.5 3.2 –1.5 57.0 32.5
2003 15.7 19.1 3.6 –3.3 59.7 34.5
2004 15.6 19.0 3.8 –3.4 60.8 35.5
2005 16.7 19.2 3.8 –2.5 61.3 35.6
2006 17.6 19.4 3.8 –1.8 61.8 35.3
2007 17.9 19.1 3.8 –1.1 62.5 35.2
2008 17.1 20.2 4.2 –3.1 67.7 39.3
2009 14.6 24.4 4.6 –9.8 82.4 52.3
2010 14.6 23.4 4.7 –8.7 91.4 60.9
2011 15.0 23.4 4.6 –8.5 96.0 65.9
2012 15.3 22.1 4.2 –6.8 100.1 70.4
2013 16.8 20.9 3.8 –4.1 101.3 72.6
2014 17.6 20.4 3.5 –2.8 103.6 74.4
2015 18.2 20.7 3.3 –2.5 101.7 73.6
2016 (estimates) 17.9 21.1 3.2 –3.3 106.0 77.0
2017 (estimates) 19.1 21.4 3.2 –2.3 105.7 77.1
Note: See footnote 1 and Note, Table B–17.
Sources: Department of the Treasury and Office of Management and Budget.
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