RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2015
(billions of dollars)
Public
Total Total Unified Public Def w/o Gross OASDI Medicare
Year Receipts Outlays Deficit Deficit OASDI Deficit Surplus Surplus GDP
---- -------- ------- ------- ------- ------- ------- ------- ------- -------
1940 6.5 9.5 -2.9 0.6 96.8
1941 8.7 13.7 -4.9 -5.5 -6.1 -6.8 0.7 114.1
1942 14.6 35.1 -20.5 -19.5 -20.4 -21.7 0.8 144.3
1943 24.0 78.6 -54.6 -60.0 -61.1 -63.4 1.0 180.3
1944 43.7 91.3 -47.6 -57.0 -58.2 -61.4 1.2 209.2
1945 45.2 92.7 -47.6 -50.4 -51.6 -56.0 1.2 221.4
1946 39.3 55.2 -15.9 -6.7 -7.7 -10.9 1.0 222.6
1947 38.5 34.5 4.0 17.5 16.4 13.8 1.2 233.2
1948 41.6 29.8 11.8 8.1 6.8 5.1 1.2 256.6
1949 39.4 38.8 0.6 1.9 0.7 -0.6 1.3 271.3
1950 39.4 42.6 -3.1 -4.7 -6.3 -4.2 1.6 273.1
1951 51.6 45.5 6.1 4.7 2.9 1.6 1.8 320.2
1952 66.2 67.7 -1.5 -0.4 -2.3 -3.8 1.9 348.7
1953 69.6 76.1 -6.5 -3.6 -5.4 -6.9 1.8 372.5
1954 69.7 70.9 -1.2 -6.1 -7.8 -4.8 1.7 377.0
1955 65.5 68.4 -3.0 -2.1 -3.2 -3.6 1.1 395.9
1956 74.6 70.6 3.9 4.5 3.0 1.7 1.5 427.0
1957 80.0 76.6 3.4 2.8 2.1 0.4 0.8 450.9
1958 79.6 82.4 -2.8 -7.0 -7.6 -7.4 0.5 460.0
1959 79.2 92.1 -12.8 -8.4 -7.7 -7.8 -0.7 490.2
1960 92.5 92.2 0.3 -2.1 -1.9 -3.1 -0.2 518.9
1961 94.4 97.7 -3.3 -1.5 -1.9 -2.1 0.4 529.9
1962 99.7 106.8 -7.1 -9.7 -8.4 -10.3 -1.3 567.8
1963 106.6 111.3 -4.8 -6.0 -5.2 -7.4 -0.8 599.2
1964 112.6 118.5 -5.9 -2.9 -3.5 -5.7 0.6 641.5
1965 116.8 118.2 -1.4 -3.9 -4.1 -6.3 0.2 0.0 687.5
1966 130.8 134.5 -3.7 -2.9 -2.3 -6.2 -0.6 0.9 755.8
1967 148.8 157.5 -8.6 -2.9 -6.9 -11.9 4.0 1.0 810.0
1968 153.0 178.1 -25.2 -22.9 -25.5 -28.2 2.6 -0.1 868.4
1969 186.9 183.6 3.2 11.4 7.7 2.9 3.7 0.7 948.1
1970 192.8 195.6 -2.8 -5.1 -10.9 -15.2 5.9 0.3 1012.7
1971 187.1 210.2 -23.0 -19.8 -22.9 -27.3 3.0 0.7 1080.0
1972 207.3 230.7 -23.4 -19.3 -22.4 -27.8 3.1 -0.1 1176.5
1973 230.8 245.7 -14.9 -18.5 -19.0 -30.4 0.5 1.8 1310.6
1974 263.2 269.4 -6.1 -2.8 -4.6 -17.6 1.8 4.1 1438.5
1975 279.1 332.3 -53.2 -51.0 -53.0 -58.0 2.0 2.1 1560.2
1976 298.1 371.8 -73.7 -82.7 -79.5 -87.0 -3.2 0.7 1738.1
1977 355.6 409.2 -53.7 -71.7 -66.4 -77.4 -3.9 1.2 1973.5
1978 399.6 458.7 -59.2 -58.0 -53.8 -70.2 -4.3 2.4 2217.5
1979 463.3 504.0 -40.7 -33.2 -31.2 -52.9 -2.0 2.6 2501.4
1980 517.1 590.9 -73.8 -71.6 -70.5 -79.6 -1.1 0.7 2724.2
1981 599.3 678.2 -79.0 -77.5 -72.5 -85.8 -5.0 2.8 3057.0
1982 617.8 745.7 -128.0 -135.2 -127.2 -142.5 -7.9 4.8 3223.7
1983 600.6 808.4 -207.8 -212.7 -225.3 -234.3 0.2 6.2 3440.7
1984 666.4 851.8 -185.4 -169.7 -170.0 -192.9 0.3 5.6 3844.4
1985 734.0 946.3 -212.3 -200.3 -207.8 -252.8 9.4 4.1 4146.3
1986 769.2 990.4 -221.2 -233.4 -239.5 -303.1 16.7 5.5 4403.9
1987 854.3 1004.0 -149.7 -149.1 -168.7 -225.5 19.6 8.9 4651.4
1988 909.2 1064.4 -155.2 -161.9 -200.7 -255.1 38.8 15.3 5008.5
1989 991.1 1143.7 -152.6 -139.1 -191.5 -266.7 52.4 22.4 5399.5
1990 1032.0 1253.0 -221.0 -220.8 -279.1 -338.5 58.2 15.5 5734.5
1991 1055.0 1324.2 -269.2 -277.4 -331.0 -391.9 53.5 15.4 5930.5
1992 1091.2 1381.5 -290.3 -310.7 -361.5 -403.6 50.7 13.6 6242.0
1993 1154.3 1409.4 -255.1 -248.7 -295.4 -349.3 46.8 10.2 6587.3
1994 1258.6 1461.8 -203.2 -184.7 -241.4 -292.3 56.8 1.1 6976.6
1995 1351.8 1515.8 -164.0 -171.3 -231.8 -277.3 60.4 -7.1 7341.1
1996 1453.1 1560.5 -107.4 -129.7 -196.1 -260.9 66.4 8.9 7718.3
1997 1579.2 1601.1 -21.9 -38.3 -119.6 -187.7 81.3 -1.1 8211.7
1998 1721.7 1652.5 69.3 51.2 -48.2 -109.0 99.4 6.6 8663.0
1999 1827.5 1701.8 125.6 88.7 -36.0 -127.3 124.7 26.3 9208.4
2000 2025.2 1789.0 236.2 222.6 70.7 -23.2 151.8 29.9 9821.0
2001 1991.1 1862.9 128.2 90.2 -72.8 -141.2 163.0 25.2 10225.3
2002 1853.1 2010.9 -157.8 -220.8 -379.9 -428.5 159.1 28.6 10543.9
2003 1782.3 2159.9 -377.6 -373.0 -528.7 -561.6 155.7 8.1 10979.8
2004 1880.1 2292.9 -412.7 -382.1 -533.0 -594.6 150.9 6.1 11685.6
2005 2153.6 2472.0 -318.3 -296.7 -470.2 -550.6 173.5 12.5 12445.7
2006 2406.9 2655.1 -248.2 -236.8 -422.0 -546.1 185.2 41.8 13224.9
2007 2568.0 2728.7 -160.7 -206.2 -392.8 -499.4 186.6 22.1 13896.0
2008 2524.0 2982.6 -458.6 -767.9 -953.6 -1035.3 185.7 19.6 14439.0
2009 2105.0 3517.7 -1412.7 -1741.7 -1879.0 -1889.8 137.3 -6.8 14237.2
2010* 2165.1 3720.7 -1555.6 -1752.9 -1837.6 -1910.8 84.7 -30.1 14623.9
2011* 2567.2 3833.9 -1266.7 -1200.7 -1300.6 -1357.4 100.0 -36.9 15299.0
2012* 2926.4 3754.9 -828.5 -973.8 -1094.0 -1191.6 120.3 -13.7 16203.3
2013* 3188.1 3915.4 -727.3 -853.5 -989.4 -1117.8 135.9 -23.4 17182.2
2014* 3455.5 4161.2 -705.8 -813.7 -960.2 -1078.8 146.5 -49.1 18192.6
2015* 3633.7 4385.5 -751.9 -849.0 -1007.1 -1151.0 158.0 -39.8 19190.4
-------------------------------------------------------------------------------------
RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2015
(percentage of GDP)
Public
Total Total Unified Public Def w/o Gross OASDI Medicare GDP
Year Receipts Outlays Deficit Deficit OASDI Deficit Surplus Surplus ($bil)
---- -------- -------- -------- -------- -------- -------- -------- -------- --------
1940 6.8 9.8 -3.0 0.6 96.8
1941 7.6 12.0 -4.3 -4.8 -5.3 -6.0 0.6 114.1
1942 10.1 24.3 -14.2 -13.5 -14.1 -15.0 0.6 144.3
1943 13.3 43.6 -30.3 -33.3 -33.9 -35.2 0.6 180.3
1944 20.9 43.6 -22.7 -27.3 -27.8 -29.4 0.6 209.2
1945 20.4 41.9 -21.5 -22.8 -23.3 -25.3 0.5 221.4
1946 17.7 24.8 -7.2 -3.0 -3.5 -4.9 0.5 222.6
1947 16.5 14.8 1.7 7.5 7.0 5.9 0.5 233.2
1948 16.2 11.6 4.6 3.1 2.7 2.0 0.5 256.6
1949 14.5 14.3 0.2 0.7 0.3 -0.2 0.5 271.3
1950 14.4 15.6 -1.1 -1.7 -2.3 -1.6 0.6 273.1
1951 16.1 14.2 1.9 1.5 0.9 0.5 0.6 320.2
1952 19.0 19.4 -0.4 -0.1 -0.7 -1.1 0.5 348.7
1953 18.7 20.4 -1.7 -1.0 -1.4 -1.8 0.5 372.5
1954 18.5 18.8 -0.3 -1.6 -2.1 -1.3 0.4 377.0
1955 16.5 17.3 -0.8 -0.5 -0.8 -0.9 0.3 395.9
1956 17.5 16.5 0.9 1.0 0.7 0.4 0.3 427.0
1957 17.7 17.0 0.8 0.6 0.5 0.1 0.2 450.9
1958 17.3 17.9 -0.6 -1.5 -1.6 -1.6 0.1 460.0
1959 16.2 18.8 -2.6 -1.7 -1.6 -1.6 -0.1 490.2
1960 17.8 17.8 0.1 -0.4 -0.4 -0.6 0.0 518.9
1961 17.8 18.4 -0.6 -0.3 -0.4 -0.4 0.1 529.9
1962 17.6 18.8 -1.3 -1.7 -1.5 -1.8 -0.2 567.8
1963 17.8 18.6 -0.8 -1.0 -0.9 -1.2 -0.1 599.2
1964 17.6 18.5 -0.9 -0.4 -0.5 -0.9 0.1 641.5
1965 17.0 17.2 -0.2 -0.6 -0.6 -0.9 0.0 0.0 687.5
1966 17.3 17.8 -0.5 -0.4 -0.3 -0.8 -0.1 0.1 755.8
1967 18.4 19.4 -1.1 -0.4 -0.9 -1.5 0.5 0.1 810.0
1968 17.6 20.5 -2.9 -2.6 -2.9 -3.3 0.3 0.0 868.4
1969 19.7 19.4 0.3 1.2 0.8 0.3 0.4 0.1 948.1
1970 19.0 19.3 -0.3 -0.5 -1.1 -1.5 0.6 0.0 1012.7
1971 17.3 19.5 -2.1 -1.8 -2.1 -2.5 0.3 0.1 1080.0
1972 17.6 19.6 -2.0 -1.6 -1.9 -2.4 0.3 0.0 1176.5
1973 17.6 18.7 -1.1 -1.4 -1.5 -2.3 0.0 0.1 1310.6
1974 18.3 18.7 -0.4 -0.2 -0.3 -1.2 0.1 0.3 1438.5
1975 17.9 21.3 -3.4 -3.3 -3.4 -3.7 0.1 0.1 1560.2
1976 17.1 21.4 -4.2 -4.8 -4.6 -5.0 -0.2 0.0 1738.1
1977 18.0 20.7 -2.7 -3.6 -3.4 -3.9 -0.2 0.1 1973.5
1978 18.0 20.7 -2.7 -2.6 -2.4 -3.2 -0.2 0.1 2217.5
1979 18.5 20.1 -1.6 -1.3 -1.2 -2.1 -0.1 0.1 2501.4
1980 19.0 21.7 -2.7 -2.6 -2.6 -2.9 0.0 0.0 2724.2
1981 19.6 22.2 -2.6 -2.5 -2.4 -2.8 -0.2 0.1 3057.0
1982 19.2 23.1 -4.0 -4.2 -3.9 -4.4 -0.2 0.1 3223.7
1983 17.5 23.5 -6.0 -6.2 -6.5 -6.8 0.0 0.2 3440.7
1984 17.3 22.2 -4.8 -4.4 -4.4 -5.0 0.0 0.1 3844.4
1985 17.7 22.8 -5.1 -4.8 -5.0 -6.1 0.2 0.1 4146.3
1986 17.5 22.5 -5.0 -5.3 -5.4 -6.9 0.4 0.1 4403.9
1987 18.4 21.6 -3.2 -3.2 -3.6 -4.8 0.4 0.2 4651.4
1988 18.2 21.3 -3.1 -3.2 -4.0 -5.1 0.8 0.3 5008.5
1989 18.4 21.2 -2.8 -2.6 -3.5 -4.9 1.0 0.4 5399.5
1990 18.0 21.9 -3.9 -3.9 -4.9 -5.9 1.0 0.3 5734.5
1991 17.8 22.3 -4.5 -4.7 -5.6 -6.6 0.9 0.3 5930.5
1992 17.5 22.1 -4.7 -5.0 -5.8 -6.5 0.8 0.2 6242.0
1993 17.5 21.4 -3.9 -3.8 -4.5 -5.3 0.7 0.2 6587.3
1994 18.0 21.0 -2.9 -2.6 -3.5 -4.2 0.8 0.0 6976.6
1995 18.4 20.6 -2.2 -2.3 -3.2 -3.8 0.8 -0.1 7341.1
1996 18.8 20.2 -1.4 -1.7 -2.5 -3.4 0.9 0.1 7718.3
1997 19.2 19.5 -0.3 -0.5 -1.5 -2.3 1.0 0.0 8211.7
1998 19.9 19.1 0.8 0.6 -0.6 -1.3 1.1 0.1 8663.0
1999 19.8 18.5 1.4 1.0 -0.4 -1.4 1.4 0.3 9208.4
2000 20.6 18.2 2.4 2.3 0.7 -0.2 1.5 0.3 9821.0
2001 19.5 18.2 1.3 0.9 -0.7 -1.4 1.6 0.2 10225.3
2002 17.6 19.1 -1.5 -2.1 -3.6 -4.1 1.5 0.3 10543.9
2003 16.2 19.7 -3.4 -3.4 -4.8 -5.1 1.4 0.1 10979.8
2004 16.1 19.6 -3.5 -3.3 -4.6 -5.1 1.3 0.1 11685.6
2005 17.3 19.9 -2.6 -2.4 -3.8 -4.4 1.4 0.1 12445.7
2006 18.2 20.1 -1.9 -1.8 -3.2 -4.1 1.4 0.3 13224.9
2007 18.5 19.6 -1.2 -1.5 -2.8 -3.6 1.3 0.2 13896.0
2008 17.5 20.7 -3.2 -5.3 -6.6 -7.2 1.3 0.1 14439.0
2009 14.8 24.7 -9.9 -12.2 -13.2 -13.3 1.0 0.0 14237.2
2010* 14.8 25.4 -10.6 -12.0 -12.6 -13.1 0.6 -0.2 14623.9
2011* 16.8 25.1 -8.3 -7.8 -8.5 -8.9 0.7 -0.2 15299.0
2012* 18.1 23.2 -5.1 -6.0 -6.8 -7.4 0.7 -0.1 16203.3
2013* 18.6 22.8 -4.2 -5.0 -5.8 -6.5 0.8 -0.1 17182.2
2014* 19.0 22.9 -3.9 -4.5 -5.3 -5.9 0.8 -0.3 18192.6
2015* 18.9 22.9 -3.9 -4.4 -5.2 -6.0 0.8 -0.2 19190.4
* estimated
Note: Public Deficit equals change in Public Debt; Gross Deficit equals change in
Gross Debt; Gross Debt equals debt held by the public (called Public Debt
here) plus debt held by government accounts; OASDI includes Old-Age and
Survivors Insurance Fund (OAS) and Disability Insurance Fund (DI);
negative numbers denote deficits
Source: Budget of the United States Government, FY 2011: Historical Tables,
tables 1.1, 7.1, 13.1
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