Table 1.

3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
In Current Dollars
In Constant (FY 2005) Dollars
Addendum:
Fiscal Year
Surplus or
Surplus or Composite
Receipts
Outlays
Receipts
Outlays
Deflator
Deficit ()
Deficit ()
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

6.5
8.7
14.6
24.0
43.7
45.2
39.3
38.5
41.6
39.4
39.4
51.6
66.2
69.6
69.7
65.5
74.6
80.0
79.6
79.2
92.5
94.4
99.7
106.6
112.6
116.8
130.8
148.8
153.0
186.9
192.8
187.1
207.3
230.8
263.2
279.1
298.1
81.2
355.6
399.6
463.3
517.1
599.3

9.5
13.7
35.1
78.6
91.3
92.7
55.2
34.5
29.8
38.8
42.6
45.5
67.7
76.1
70.9
68.4
70.6
76.6
82.4
92.1
92.2
97.7
106.8
111.3
118.5
118.2
134.5
157.5
178.1
183.6
195.6
210.2
230.7
245.7
269.4
332.3
371.8
96.0
409.2
458.7
504.0
590.9
678.2

-2.9
-4.9
-20.5
-54.6
-47.6
-47.6
-15.9
4.0
11.8
0.6
-3.1
6.1
-1.5
-6.5
-1.2
-3.0
3.9
3.4
-2.8
-12.8
0.3
-3.3
-7.1
-4.8
-5.9
-1.4
-3.7
-8.6
-25.2
3.2
-2.8
-23.0
-23.4
-14.9
-6.1
-53.2
-73.7
-14.7
-53.7
-59.2
-40.7
-73.8
-79.0

81.4
104.2
156.3
233.9
461.0
499.0
433.7
385.1
392.8
384.9
370.7
493.0
635.6
619.3
599.3
544.1
590.6
602.8
566.8
542.8
630.9
626.3
659.7
674.9
704.3
721.1
789.1
875.4
866.7
993.5
968.4
877.4
908.1
956.9
1,004.3
966.0
956.2
253.1
1,054.8
1,113.6
1,187.3
1,197.6
1,251.4

117.8
163.3
375.4
765.6
962.1
1,024.4
609.6
345.0
281.3
379.2
400.0
434.7
650.2
677.1
609.2
568.9
559.3
577.1
586.5
630.8
628.9
648.5
707.0
705.0
741.3
729.8
811.4
926.3
1,009.3
976.3
982.7
985.3
1,010.4
1,018.7
1,027.7
1,150.3
1,192.8
299.1
1,213.9
1,278.6
1,291.7
1,368.6
1,416.2

-36.3
-59.1
-219.1
-531.7
-501.1
-525.4
-175.9
40.2
111.5
5.7
-29.3
58.3
-14.6
-57.8
-9.9
-24.9
31.2
25.7
-19.7
-88.0
2.1
-22.1
-47.3
-30.1
-37.0
-8.7
-22.3
-50.8
-142.6
17.2
-14.3
-108.0
-102.4
-61.8
-23.4
-184.3
-236.5
-45.9
-159.2
-165.0
-104.4
-171.0
-164.9

0.0804
0.0836
0.0936
0.1026
0.0949
0.0905
0.0906
0.1000
0.1058
0.1024
0.1064
0.1047
0.1041
0.1124
0.1163
0.1203
0.1263
0.1327
0.1405
0.1460
0.1466
0.1507
0.1511
0.1579
0.1599
0.1620
0.1658
0.1700
0.1765
0.1881
0.1991
0.2133
0.2283
0.2412
0.2621
0.2889
0.3117
0.3209
0.3371
0.3588
0.3902
0.4318
0.4789

FICITS ()
Table
IN CURRENT
1.3SUMMARY
DOLLARS,
OF RECEIPTS,
CONSTANTOUTLAYS,
(FY 2005) AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,
OF GDP: 19402016
DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
As Percentages of GDP
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Receipts
6.8
7.6
10.1
13.3
20.9
20.4
17.7
16.5
16.2
14.5
14.4
16.1
19.0
18.7
18.5
16.5
17.5
17.7
17.3
16.2
17.8
17.8
17.6
17.8
17.6
17.0
17.3
18.4
17.6
19.7
19.0
17.3
17.6
17.6
18.3
17.9
17.1
17.7
18.0
18.0
18.5
19.0
19.6

Outlays
9.8
12.0
24.3
43.6
43.6
41.9
24.8
14.8
11.6
14.3
15.6
14.2
19.4
20.4
18.8
17.3
16.5
17.0
17.9
18.8
17.8
18.4
18.8
18.6
18.5
17.2
17.8
19.4
20.5
19.4
19.3
19.5
19.6
18.7
18.7
21.3
21.4
20.9
20.7
20.7
20.1
21.7
22.2

Surplus or
Deficit ()
-3.0
-4.3
-14.2
-30.3
-22.7
-21.5
-7.2
1.7
4.6
0.2
-1.1
1.9
-0.4
-1.7
-0.3
-0.8
0.9
0.8
-0.6
-2.6
0.1
-0.6
-1.3
-0.8
-0.9
-0.2
-0.5
-1.1
-2.9
0.3
-0.3
-2.1
-2.0
-1.1
-0.4
-3.4
-4.2
-3.2
-2.7
-2.7
-1.6
-2.7
-2.6

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981

Table 1.3SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS () IN CURRENT DOLLARS,

DOLLARS, AND AS PERCENTAGES OF GDP: 19402016
(dollar amounts in billions)
Fiscal Year
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
TQ
1977
1978
1979
1980
1981