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Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1968 to 2007, in Billions of Dollars

 
 
 
 
 
Deficit (-) or Surplus
 
 
Revenues
Outlays
On-Budget
Social Security
Postal Service
Total
Debt Held by the Publica
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1968
153.0
 
178.1
 
-27.7
 
2.6
 
n.a.
 
-25.2
 
289.5
 
1969
186.9
 
183.6
 
-0.5
 
3.7
 
n.a.
 
3.2
 
278.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1970
192.8
 
195.6
 
-8.7
 
5.9
 
n.a.
 
-2.8
 
283.2
 
1971
187.1
 
210.2
 
-26.1
 
3.0
 
n.a.
 
-23.0
 
303.0
 
1972
207.3
 
230.7
 
-26.1
 
3.1
 
-0.4
 
-23.4
 
322.4
 
1973
230.8
 
245.7
 
-15.2
 
0.5
 
-0.2
 
-14.9
 
340.9
 
1974
263.2
 
269.4
 
-7.2
 
1.8
 
-0.8
 
-6.1
 
343.7
 
1975
279.1
 
332.3
 
-54.1
 
2.0
 
-1.1
 
-53.2
 
394.7
 
1976
298.1
 
371.8
 
-69.4
 
-3.2
 
-1.1
 
-73.7
 
477.4
 
1977
355.6
 
409.2
 
-49.9
 
-3.9
 
0.2
 
-53.7
 
549.1
 
1978
399.6
 
458.7
 
-55.4
 
-4.3
 
0.5
 
-59.2
 
607.1
 
1979
463.3
 
504.0
 
-39.6
 
-2.0
 
0.9
 
-40.7
 
640.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1980
517.1
 
590.9
 
-73.1
 
-1.1
 
0.4
 
-73.8
 
711.9
 
1981
599.3
 
678.2
 
-73.9
 
-5.0
 
-0.1
 
-79.0
 
789.4
 
1982
617.8
 
745.7
 
-120.6
 
-7.9
 
0.6
 
-128.0
 
924.6
 
1983
600.6
 
808.4
 
-207.7
 
0.2
 
-0.3
 
-207.8
 
1,137.3
 
1984
666.5
 
851.9
 
-185.3
 
0.3
 
-0.4
 
-185.4
 
1,307.0
 
1985
734.1
 
946.4
 
-221.5
 
9.4
 
-0.1
 
-212.3
 
1,507.3
 
1986
769.2
 
990.4
 
-237.9
 
16.7
 
*
 
-221.2
 
1,740.6
 
1987
854.4
 
1,004.1
 
-168.4
 
19.6
 
-0.9
 
-149.7
 
1,889.8
 
1988
909.3
 
1,064.5
 
-192.3
 
38.8
 
-1.7
 
-155.2
 
2,051.6
 
1989
991.2
 
1,143.8
 
-205.4
 
52.4
 
0.3
 
-152.6
 
2,190.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1990
1,032.1
 
1,253.1
 
-277.6
 
58.2
 
-1.6
 
-221.0
 
2,411.6
 
1991
1,055.1
 
1,324.3
 
-321.4
 
53.5
 
-1.3
 
-269.2
 
2,689.0
 
1992
1,091.3
 
1,381.6
 
-340.4
 
50.7
 
-0.7
 
-290.3
 
2,999.7
 
1993
1,154.5
 
1,409.5
 
-300.4
 
46.8
 
-1.4
 
-255.1
 
3,248.4
 
1994
1,258.7
 
1,461.9
 
-258.8
 
56.8
 
-1.1
 
-203.2
 
3,433.1
 
1995
1,351.9
 
1,515.9
 
-226.4
 
60.4
 
2.0
 
-164.0
 
3,604.4
 
1996
1,453.2
 
1,560.6
 
-174.0
 
66.4
 
0.2
 
-107.4
 
3,734.1
 
1997
1,579.4
 
1,601.3
 
-103.2
 
81.3
 
*
 
-21.9
 
3,772.3
 
1998
1,722.0
 
1,652.7
 
-29.9
 
99.4
 
-0.2
 
69.3
 
3,721.1
 
1999
1,827.6
 
1,702.0
 
1.9
 
124.7
 
-1.0
 
125.6
 
3,632.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2000
2,025.5
 
1,789.2
 
86.4
 
151.8
 
-2.0
 
236.2
 
3,409.8
 
2001
1,991.4
 
1,863.2
 
-32.4
 
163.0
 
-2.3
 
128.2
 
3,319.6
 
2002
1,853.4
 
2,011.2
 
-317.4
 
159.0
 
0.7
 
-157.8
 
3,540.4
 
2003
1,782.5
 
2,160.1
 
-538.4
 
155.6
 
5.2
 
-377.6
 
3,913.4
 
2004
1,880.3
 
2,293.0
 
-568.0
 
151.1
 
4.1
 
-412.7
 
4,295.5
 
2005
2,153.9
 
2,472.2
 
-493.6
 
173.5
 
1.8
 
-318.3
 
4,592.2
 
2006
2,407.3
 
2,655.4
 
-434.5
 
185.2
 
1.1
 
-248.2
 
4,829.0
 
2007
2,568.2
 
2,730.2
 
-343.4
 
186.5
 
-5.1
 
-162.0
 
5,035.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Sources: Congressional Budget Office; Office of Management and Budget.

Note: n.a. = not applicable; * = between -$50 million and $50 million.

a. End of year.

 

Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1968 to 2007, as a Percentage of Gross Domestic Product

 
 
 
Deficit (-) or Surplus
 
 
Revenues
Outlays
On-Budget 
Social Security
Postal Service
Total
Debt Held by the Publica
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1968
17.6
20.5
-3.2
 
0.3
 
n.a.
 
-2.9
 
33.3
1969
19.7
19.4
-0.1
 
0.4
 
n.a.
 
0.3
 
29.3
 
 
 
 
 
 
 
 
 
 
 
 
1970
19.0
19.3
-0.9
 
0.6
 
n.a.
 
-0.3
 
28.0
1971
17.3
19.5
-2.4
 
0.3
 
n.a.
 
-2.1
 
28.1
1972
17.6
19.6
-2.2
 
0.3
 
*
 
-2.0
 
27.4
1973
17.6
18.7
-1.2
 
*
 
*
 
-1.1
 
26.0
1974
18.3
18.7
-0.5
 
0.1
 
-0.1
 
-0.4
 
23.9
1975
17.9
21.3
-3.5
 
0.1
 
-0.1
 
-3.4
 
25.3
1976
17.1
21.4
-4.0
 
-0.2
 
-0.1
 
-4.2
 
27.5
1977
18.0
20.7
-2.5
 
-0.2
 
*
 
-2.7
 
27.8
1978
18.0
20.7
-2.5
 
-0.2
 
*
 
-2.7
 
27.4
1979
18.5
20.1
-1.6
 
-0.1
 
*
 
-1.6
 
25.6
 
 
 
 
 
 
 
 
 
 
 
 
1980
19.0
21.7
-2.7
 
*
 
*
 
-2.7
 
26.1
1981
19.6
22.2
-2.4
 
-0.2
 
*
 
-2.6
 
25.8
1982
19.2
23.1
-3.7
 
-0.2
 
*
 
-4.0
 
28.7
1983
17.4
23.5
-6.0
 
*
 
*
 
-6.0
 
33.0
1984
17.3
22.1
-4.8
 
*
 
*
 
-4.8
 
34.0
1985
17.7
22.8
-5.3
 
0.2
 
*
 
-5.1
 
36.3
1986
17.5
22.5
-5.4
 
0.4
 
*
 
-5.0
 
39.5
1987
18.4
21.6
-3.6
 
0.4
 
*
 
-3.2
 
40.6
1988
18.1
21.2
-3.8
 
0.8
 
*
 
-3.1
 
40.9
1989
18.3
21