RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2019
(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 98.2
1941 8.7 13.7 -4.9 -5.5 -6.1 -6.8 0.7 116.2
1942 14.6 35.1 -20.5 -19.5 -20.4 -21.7 0.8 147.7
1943 24.0 78.6 -54.6 -60.0 -61.1 -63.4 1.0 184.6
1944 43.7 91.3 -47.6 -57.0 -58.2 -61.4 1.2 213.8
1945 45.2 92.7 -47.6 -50.4 -51.6 -56.0 1.2 226.4
1946 39.3 55.2 -15.9 -6.7 -7.7 -10.9 1.0 228.0
1947 38.5 34.5 4.0 17.5 16.4 13.8 1.2 238.9
1948 41.6 29.8 11.8 8.1 6.8 5.1 1.2 262.4
1949 39.4 38.8 0.6 1.9 0.7 -0.6 1.3 276.8
1950 39.4 42.6 -3.1 -4.7 -6.3 -4.2 1.6 279.0
1951 51.6 45.5 6.1 4.7 2.9 1.6 1.8 327.4
1952 66.2 67.7 -1.5 -0.4 -2.3 -3.8 1.9 357.5
1953 69.6 76.1 -6.5 -3.6 -5.4 -6.9 1.8 382.5
1954 69.7 70.9 -1.2 -6.1 -7.8 -4.8 1.7 387.7
1955 65.5 68.4 -3.0 -2.1 -3.2 -3.6 1.1 407.0
1956 74.6 70.6 3.9 4.5 3.0 1.7 1.5 439.0
1957 80.0 76.6 3.4 2.8 2.1 0.4 0.8 464.2
1958 79.6 82.4 -2.8 -7.0 -7.6 -7.4 0.5 474.3
1959 79.2 92.1 -12.8 -8.4 -7.7 -7.8 -0.7 505.6
1960 92.5 92.2 0.3 -2.1 -1.9 -3.1 -0.2 535.1
1961 94.4 97.7 -3.3 -1.5 -1.9 -2.1 0.4 547.6
1962 99.7 106.8 -7.1 -9.7 -8.4 -10.3 -1.3 586.9
1963 106.6 111.3 -4.8 -6.0 -5.2 -7.4 -0.8 619.3
1964 112.6 118.5 -5.9 -2.9 -3.5 -5.7 0.6 662.9
1965 116.8 118.2 -1.4 -3.9 -4.1 -6.3 0.2 0.0 710.7
1966 130.8 134.5 -3.7 -2.9 -2.3 -6.2 -0.6 0.9 781.9
1967 148.8 157.5 -8.6 -2.9 -6.9 -11.9 4.0 1.0 838.2
1968 153.0 178.1 -25.2 -22.9 -25.5 -28.2 2.6 -0.1 899.3
1969 186.9 183.6 3.2 11.4 7.7 2.9 3.7 0.7 982.3
1970 192.8 195.6 -2.8 -5.1 -10.9 -15.2 5.9 0.3 1049.1
1971 187.1 210.2 -23.0 -19.8 -22.9 -27.3 3.0 0.7 1119.3
1972 207.3 230.7 -23.4 -19.3 -22.4 -27.8 3.1 -0.1 1219.5
1973 230.8 245.7 -14.9 -18.5 -19.0 -30.4 0.5 1.8 1356.0
1974 263.2 269.4 -6.1 -2.8 -4.6 -17.6 1.8 4.1 1486.2
1975 279.1 332.3 -53.2 -51.0 -53.0 -58.0 2.0 2.1 1610.6
1976 298.1 371.8 -73.7 -82.7 -79.5 -87.0 -3.2 0.7 1790.3
1977 355.6 409.2 -53.7 -71.7 -66.4 -77.4 -3.9 1.2 2028.4
1978 399.6 458.7 -59.2 -58.0 -53.8 -70.2 -4.3 2.4 2278.2
1979 463.3 504.0 -40.7 -33.2 -31.2 -52.9 -2.0 2.6 2570.0
1980 517.1 590.9 -73.8 -71.6 -70.5 -79.6 -1.1 0.7 2796.8
1981 599.3 678.2 -79.0 -77.5 -72.5 -85.8 -5.0 2.8 3138.4
1982 617.8 745.7 -128.0 -135.2 -127.2 -142.5 -7.9 4.8 3313.9
1983 600.6 808.4 -207.8 -212.7 -225.3 -234.3 0.2 6.2 3541.1
1984 666.4 851.8 -185.4 -169.7 -170.0 -192.9 0.3 5.6 3952.8
1985 734.0 946.3 -212.3 -200.3 -207.8 -252.8 9.4 4.1 4270.4
1986 769.2 990.4 -221.2 -233.4 -239.5 -303.1 16.7 5.5 4536.1
1987 854.3 1004.0 -149.7 -149.1 -168.7 -225.5 19.6 8.9 4781.9
1988 909.2 1064.4 -155.2 -161.9 -200.7 -255.1 38.8 15.3 5155.1
1989 991.1 1143.7 -152.6 -139.1 -191.5 -266.7 52.4 22.4 5570.0
1990 1032.0 1253.0 -221.0 -220.8 -279.1 -338.5 58.2 15.5 5914.6
1991 1055.0 1324.2 -269.2 -277.4 -331.0 -391.9 53.5 15.4 6110.0
1992 1091.2 1381.5 -290.3 -310.7 -361.5 -403.6 50.7 13.6 6434.7
1993 1154.3 1409.4 -255.1 -248.7 -295.4 -349.3 46.8 10.2 6794.9
1994 1258.6 1461.8 -203.2 -184.7 -241.4 -292.3 56.8 1.1 7197.8
1995 1351.8 1515.7 -164.0 -171.3 -231.8 -277.3 60.4 -7.1 7583.3
1996 1453.1 1560.5 -107.4 -129.7 -196.1 -260.9 66.4 8.9 7978.3
1997 1579.2 1601.1 -21.9 -38.3 -119.6 -187.7 81.3 -1.1 8483.2
1998 1721.7 1652.5 69.3 51.2 -48.2 -109.0 99.4 6.6 8954.8
1999 1827.5 1701.8 125.6 88.7 -36.0 -127.3 124.7 26.3 9514.0
2000 2025.2 1789.0 236.2 222.6 70.7 -23.2 151.8 29.9 10154.0
2001 1991.1 1862.8 128.2 90.2 -72.8 -141.2 163.0 25.2 10568.4
2002 1853.1 2010.9 -157.8 -220.8 -379.9 -428.5 159.1 28.6 10879.4
2003 1782.3 2159.9 -377.6 -373.0 -528.7 -561.6 155.7 8.1 11334.0
2004 1880.1 2292.8 -412.7 -382.1 -533.0 -594.6 150.9 6.1 12090.7
2005 2153.6 2472.0 -318.3 -296.7 -470.2 -550.6 173.5 12.5 12890.5
2006 2406.9 2655.1 -248.2 -236.8 -422.0 -546.1 185.2 41.8 13686.6
2007 2568.0 2728.7 -160.7 -206.2 -392.8 -499.4 186.6 22.1 14324.9
2008 2524.0 2982.5 -458.6 -767.9 -953.6 -1035.3 185.7 19.6 14756.1
2009 2105.0 3517.7 -1412.7 -1741.7 -1879.0 -1889.8 137.3 -6.8 14413.6
2010 2162.7 3457.1 -1294.4 -1474.2 -1555.9 -1653.0 81.7 -20.4 14791.4
2011 2303.5 3603.1 -1299.6 -1109.3 -1177.3 -1235.4 68.0 -32.3 15387.1
2012 2450.2 3537.1 -1087.0 -1152.9 -1217.5 -1286.7 64.6 -17.5 16094.2
2013 2775.1 3454.6 -679.5 -701.4 -739.1 -668.5 37.6 -24.9 16618.6
2014* 3001.7 3650.5 -648.8 -920.1 -937.2 -1173.2 17.2 -11.6 17332.3
2015* 3337.4 3901.0 -563.6 -689.1 -688.9 -820.8 -0.2 -0.7 18219.4
2016* 3568.0 4099.1 -531.1 -664.8 -668.7 -798.1 4.0 -12.1 19180.6
2017* 3810.8 4268.6 -457.8 -586.9 -576.5 -750.1 -10.3 5.1 20199.4
2018* 4029.9 4443.1 -413.3 -527.0 -508.7 -699.3 -18.3 24.1 21216.3
2019* 4226.1 4728.8 -502.7 -611.5 -581.2 -709.7 -30.2 10.6 22196.1
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RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2019
(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 6.7 9.6 -3.0 0.6 98.2
1941 7.5 11.7 -4.3 -4.7 -5.3 -5.9 0.6 116.2
1942 9.9 23.8 -13.9 -13.2 -13.8 -14.7 0.6 147.7
1943 13.0 42.6 -29.6 -32.5 -33.1 -34.4 0.6 184.6
1944 20.5 42.7 -22.2 -26.7 -27.2 -28.7 0.6 213.8
1945 19.9 41.0 -21.0 -22.3 -22.8 -24.8 0.5 226.4
1946 17.2 24.2 -7.0 -2.9 -3.4 -4.8 0.5 228.0
1947 16.1 14.4 1.7 7.3 6.9 5.8 0.5 238.9
1948 15.8 11.3 4.5 3.1 2.6 2.0 0.5 262.4
1949 14.2 14.0 0.2 0.7 0.2 -0.2 0.5 276.8
1950 14.1 15.3 -1.1 -1.7 -2.3 -1.5 0.6 279.0
1951 15.8 13.9 1.9 1.4 0.9 0.5 0.6 327.4
1952 18.5 18.9 -0.4 -0.1 -0.6 -1.1 0.5 357.5
1953 18.2 19.9 -1.7 -0.9 -1.4 -1.8 0.5 382.5
1954 18.0 18.3 -0.3 -1.6 -2.0 -1.3 0.4 387.7
1955 16.1 16.8 -0.7 -0.5 -0.8 -0.9 0.3 407.0
1956 17.0 16.1 0.9 1.0 0.7 0.4 0.3 439.0
1957 17.2 16.5 0.7 0.6 0.4 0.1 0.2 464.2
1958 16.8 17.4 -0.6 -1.5 -1.6 -1.6 0.1 474.3
1959 15.7 18.2 -2.5 -1.7 -1.5 -1.5 -0.1 505.6
1960 17.3 17.2 0.1 -0.4 -0.4 -0.6 0.0 535.1
1961 17.2 17.8 -0.6 -0.3 -0.4 -0.4 0.1 547.6
1962 17.0 18.2 -1.2 -1.6 -1.4 -1.8 -0.2 586.9
1963 17.2 18.0 -0.8 -1.0 -0.8 -1.2 -0.1 619.3
1964 17.0 17.9 -0.9 -0.4 -0.5 -0.9 0.1 662.9
1965 16.4 16.6 -0.2 -0.6 -0.6 -0.9 0.0 0.0 710.7
1966 16.7 17.2 -0.5 -0.4 -0.3 -0.8 -0.1 0.1 781.9
1967 17.8 18.8 -1.0 -0.3 -0.8 -1.4 0.5 0.1 838.2
1968 17.0 19.8 -2.8 -2.5 -2.8 -3.1 0.3 0.0 899.3
1969 19.0 18.7 0.3 1.2 0.8 0.3 0.4 0.1 982.3
1970 18.4 18.6 -0.3 -0.5 -1.0 -1.4 0.6 0.0 1049.1
1971 16.7 18.8 -2.1 -1.8 -2.0 -2.4 0.3 0.1 1119.3
1972 17.0 18.9 -1.9 -1.6 -1.8 -2.3 0.3 0.0 1219.5
1973 17.0 18.1 -1.1 -1.4 -1.4 -2.2 0.0 0.1 1356.0
1974 17.7 18.1 -0.4 -0.2 -0.3 -1.2 0.1 0.3 1486.2
1975 17.3 20.6 -3.3 -3.2 -3.3 -3.6 0.1 0.1 1610.6
1976 16.6 20.8 -4.1 -4.6 -4.4 -4.9 -0.2 0.0 1790.3
1977 17.5 20.2 -2.6 -3.5 -3.3 -3.8 -0.2 0.1 2028.4
1978 17.5 20.1 -2.6 -2.5 -2.4 -3.1 -0.2 0.1 2278.2
1979 18.0 19.6 -1.6 -1.3 -1.2 -2.1 -0.1 0.1 2570.0
1980 18.5 21.1 -2.6 -2.6 -2.5 -2.8 0.0 0.0 2796.8
1981 19.1 21.6 -2.5 -2.5 -2.3 -2.7 -0.2 0.1 3138.4
1982 18.6 22.5 -3.9 -4.1 -3.8 -4.3 -0.2 0.1 3313.9
1983 17.0 22.8 -5.9 -6.0 -6.4 -6.6 0.0 0.2 3541.1
1984 16.9 21.5 -4.7 -4.3 -4.3 -4.9 0.0 0.1 3952.8
1985 17.2 22.2 -5.0 -4.7 -4.9 -5.9 0.2 0.1 4270.4
1986 17.0 21.8 -4.9 -5.1 -5.3 -6.7 0.4 0.1 4536.1
1987 17.9 21.0 -3.1 -3.1 -3.5 -4.7 0.4 0.2 4781.9
1988 17.6 20.6 -3.0 -3.1 -3.9 -4.9 0.8 0.3 5155.1
1989 17.8 20.5 -2.7 -2.5 -3.4 -4.8 0.9 0.4 5570.0
1990 17.4 21.2 -3.7 -3.7 -4.7 -5.7 1.0 0.3 5914.6
1991 17.3 21.7 -4.4 -4.5 -5.4 -6.4 0.9 0.3 6110.0
1992 17.0 21.5 -4.5 -4.8 -5.6 -6.3 0.8 0.2 6434.7
1993 17.0 20.7 -3.8 -3.7 -4.3 -5.1 0.7 0.2 6794.9
1994 17.5 20.3 -2.8 -2.6 -3.4 -4.1 0.8 0.0 7197.8
1995 17.8 20.0 -2.2 -2.3 -3.1 -3.7 0.8 -0.1 7583.3
1996 18.2 19.6 -1.3 -1.6 -2.5 -3.3 0.8 0.1 7978.3
1997 18.6 18.9 -0.3 -0.5 -1.4 -2.2 1.0 0.0 8483.2
1998 19.2 18.5 0.8 0.6 -0.5 -1.2 1.1 0.1 8954.8
1999 19.2 17.9 1.3 0.9 -0.4 -1.3 1.3 0.3 9514.0
2000 19.9 17.6 2.3 2.2 0.7 -0.2 1.5 0.3 10154.0
2001 18.8 17.6 1.2 0.9 -0.7 -1.3 1.5 0.2 10568.4
2002 17.0 18.5 -1.5 -2.0 -3.5 -3.9 1.5 0.3 10879.4
2003 15.7 19.1 -3.3 -3.3 -4.7 -5.0 1.4 0.1 11334.0
2004 15.6 19.0 -3.4 -3.2 -4.4 -4.9 1.2 0.1 12090.7
2005 16.7 19.2 -2.5 -2.3 -3.6 -4.3 1.3 0.1 12890.5
2006 17.6 19.4 -1.8 -1.7 -3.1 -4.0 1.4 0.3 13686.6
2007 17.9 19.0 -1.1 -1.4 -2.7 -3.5 1.3 0.2 14324.9
2008 17.1 20.2 -3.1 -5.2 -6.5 -7.0 1.3 0.1 14756.1
2009 14.6 24.4 -9.8 -12.1 -13.0 -13.1 1.0 0.0 14413.6
2010 14.6 23.4 -8.8 -10.0 -10.5 -11.2 0.6 -0.1 14791.4
2011 15.0 23.4 -8.4 -7.2 -7.7 -8.0 0.4 -0.2 15387.1
2012 15.2 22.0 -6.8 -7.2 -7.6 -8.0 0.4 -0.1 16094.2
2013 16.7 20.8 -4.1 -4.2 -4.4 -4.0 0.2 -0.2 16618.6
2014* 17.3 21.1 -3.7 -5.3 -5.4 -6.8 0.1 -0.1 17332.3
2015* 18.3 21.4 -3.1 -3.8 -3.8 -4.5 0.0 0.0 18219.4
2016* 18.6 21.4 -2.8 -3.5 -3.5 -4.2 0.0 -0.1 19180.6
2017* 18.9 21.1 -2.3 -2.9 -2.9 -3.7 -0.1 0.0 20199.4
2018* 19.0 20.9 -1.9 -2.5 -2.4 -3.3 -0.1 0.1 21216.3
2019* 19.0 21.3 -2.3 -2.8 -2.6 -3.2 -0.1 0.0 22196.1
* 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 2015: Historical Tables,
tables 7.1, 10.1, 13.1
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