RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2021
(billions of dollars)
Public
Total Total Unified Public Deficit Gross OASDI Medicare GDP
Year Receipts Outlays Deficit Deficit + OASDI Deficit Surplus Surplus ($bil)
---- -------- -------- -------- -------- -------- -------- -------- -------- ---------
1940 6.5 9.5 -2.9 NA NA NA 0.6 0.0 98.2
1941 8.7 13.7 -4.9 -5.5 -6.1 -6.8 0.7 0.0 116.2
1942 14.6 35.1 -20.5 -19.5 -20.4 -21.7 0.8 0.0 147.7
1943 24.0 78.6 -54.6 -60.0 -61.1 -63.4 1.0 0.0 184.6
1944 43.7 91.3 -47.6 -57.0 -58.2 -61.4 1.2 0.0 213.8
1945 45.2 92.7 -47.6 -50.4 -51.6 -56.0 1.2 0.0 226.4
1946 39.3 55.2 -15.9 -6.7 -7.7 -10.9 1.0 0.0 228.0
1947 38.5 34.5 4.0 17.5 16.4 13.8 1.2 0.0 238.9
1948 41.6 29.8 11.8 8.1 6.8 5.1 1.2 0.0 262.4
1949 39.4 38.8 0.6 1.9 0.7 -0.6 1.3 0.0 276.8
1950 39.4 42.6 -3.1 -4.7 -6.3 -4.2 1.6 0.0 279.0
1951 51.6 45.5 6.1 4.7 2.9 1.6 1.8 0.0 327.4
1952 66.2 67.7 -1.5 -0.4 -2.3 -3.8 1.9 0.0 357.5
1953 69.6 76.1 -6.5 -3.6 -5.4 -6.9 1.8 0.0 382.5
1954 69.7 70.9 -1.2 -6.1 -7.8 -4.8 1.7 0.0 387.7
1955 65.5 68.4 -3.0 -2.1 -3.2 -3.6 1.1 0.0 407.0
1956 74.6 70.6 3.9 4.5 3.0 1.7 1.5 0.0 439.0
1957 80.0 76.6 3.4 2.8 2.1 0.4 0.8 0.0 464.2
1958 79.6 82.4 -2.8 -7.0 -7.6 -7.4 0.5 0.0 474.3
1959 79.2 92.1 -12.8 -8.4 -7.7 -7.8 -0.7 0.0 505.6
1960 92.5 92.2 0.3 -2.1 -1.9 -3.1 -0.2 0.0 535.1
1961 94.4 97.7 -3.3 -1.5 -1.9 -2.1 0.4 0.0 547.6
1962 99.7 106.8 -7.1 -9.7 -8.4 -10.3 -1.3 0.0 586.9
1963 106.6 111.3 -4.8 -6.0 -5.2 -7.4 -0.8 0.0 619.3
1964 112.6 118.5 -5.9 -2.9 -3.5 -5.7 0.6 0.0 662.9
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 1,049.1
1971 187.1 210.2 -23.0 -19.8 -22.9 -27.3 3.0 0.7 1,119.3
1972 207.3 230.7 -23.4 -19.3 -22.4 -27.8 3.0 -0.1 1,219.5
1973 230.8 245.7 -14.9 -18.5 -19.0 -30.4 0.5 1.8 1,356.0
1974 263.2 269.4 -6.1 -2.8 -4.6 -17.6 1.8 4.1 1,486.2
1975 279.1 332.3 -53.2 -51.0 -53.0 -58.0 2.0 2.1 1,610.6
1976 298.1 371.8 -73.7 -82.7 -79.5 -87.0 -3.2 0.7 1,790.3
1977 355.6 409.2 -53.7 -71.7 -66.4 -77.4 -3.9 1.2 2,028.4
1978 399.6 458.7 -59.2 -58.0 -53.8 -70.2 -4.3 2.4 2,278.2
1979 463.3 504.0 -40.7 -33.2 -31.2 -52.9 -2.0 2.6 2,570.0
1980 517.1 590.9 -73.8 -71.6 -70.5 -79.6 -1.1 0.7 2,796.8
1981 599.3 678.2 -79.0 -77.5 -72.5 -85.8 -5.0 2.8 3,138.4
1982 617.8 745.7 -128.0 -135.2 -127.2 -142.5 -7.9 4.8 3,313.9
1983 600.6 808.4 -207.8 -212.7 -225.3 -234.3 0.2 6.2 3,541.1
1984 666.4 851.8 -185.4 -169.7 -170.0 -192.9 0.3 5.6 3,952.8
1985 734.0 946.3 -212.3 -200.3 -207.8 -252.8 9.4 4.1 4,270.4
1986 769.2 990.4 -221.2 -233.4 -239.5 -303.1 16.7 5.5 4,536.1
1987 854.3 1,004.0 -149.7 -149.1 -168.7 -225.5 19.6 8.9 4,781.9
1988 909.2 1,064.4 -155.2 -161.9 -200.7 -255.1 38.8 15.3 5,155.1
1989 991.1 1,143.7 -152.6 -139.1 -191.5 -266.7 52.4 22.4 5,570.0
1990 1,032.0 1,253.0 -221.0 -220.8 -279.1 -338.5 58.2 15.5 5,914.6
1991 1,055.0 1,324.2 -269.2 -277.4 -331.0 -391.9 53.5 15.4 6,110.1
1992 1,091.2 1,381.5 -290.3 -310.7 -361.5 -403.6 50.7 13.6 6,434.7
1993 1,154.3 1,409.4 -255.1 -248.7 -295.4 -349.3 46.8 10.2 6,794.9
1994 1,258.6 1,461.8 -203.2 -184.7 -241.4 -292.3 56.8 1.1 7,197.8
1995 1,351.8 1,515.7 -164.0 -171.3 -231.8 -277.3 60.4 -7.1 7,583.4
1996 1,453.1 1,560.5 -107.4 -129.7 -196.1 -260.9 66.4 8.9 7,978.3
1997 1,579.2 1,601.1 -21.9 -38.3 -119.6 -187.7 81.3 -1.1 8,483.2
1998 1,721.7 1,652.5 69.3 51.2 -48.2 -109.0 99.4 6.6 8,954.8
1999 1,827.5 1,701.8 125.6 88.7 -36.0 -127.3 124.7 26.3 9,510.5
2000 2,025.2 1,789.0 236.2 222.6 70.7 -23.2 151.8 29.9 10,148.2
2001 1,991.1 1,862.8 128.2 90.2 -72.8 -141.2 163.0 25.2 10,564.6
2002 1,853.1 2,010.9 -157.8 -220.8 -379.9 -428.5 159.1 28.6 10,876.9
2003 1,782.3 2,159.9 -377.6 -373.0 -528.7 -561.6 155.7 8.1 11,332.4
2004 1,880.1 2,292.8 -412.7 -382.1 -533.0 -594.6 150.9 6.1 12,088.6
2005 2,153.6 2,472.0 -318.3 -296.7 -470.2 -550.6 173.5 12.5 12,888.9
2006 2,406.9 2,655.1 -248.2 -236.8 -422.0 -546.1 185.2 41.8 13,684.7
2007 2,568.0 2,728.7 -160.7 -206.2 -392.8 -499.4 186.6 22.1 14,322.9
2008 2,524.0 2,982.5 -458.6 -767.9 -953.6 -1,035.3 185.7 19.6 14,752.4
2009 2,105.0 3,517.7 -1,412.7 -1,741.7 -1,879.0 -1,889.8 137.3 -6.8 14,414.6
2010 2,162.7 3,457.1 -1,294.4 -1,474.2 -1,555.9 -1,653.0 81.7 -20.4 14,798.5
2011 2,303.5 3,603.1 -1,299.6 -1,109.3 -1,177.3 -1,235.4 68.0 -32.3 15,379.2
2012 2,450.0 3,537.0 -1,087.0 -1,152.9 -1,217.5 -1,286.7 64.6 -17.5 16,027.2
2013 2,775.1 3,454.6 -679.5 -701.6 -739.2 -668.5 37.6 -24.9 16,498.1
2014 3,021.5 3,506.1 -484.6 -797.2 -824.1 -1,075.0 26.9 -2.4 17,183.5
2015 3,249.9 3,688.3 -438.4 -336.8 -362.4 -325.6 25.6 -8.5 17,803.4
2016* 3,335.5 3,951.3 -615.8 -1,012.0 -1,020.6 -1,313.2 8.5 5.3 18,472.0
2017* 3,643.7 4,147.2 -503.5 -634.5 -633.6 -716.1 -0.8 -6.9 19,302.8
2018* 3,898.6 4,352.2 -453.6 -560.3 -539.2 -734.9 -21.1 46.0 20,129.6
2019* 4,095.1 4,644.3 -549.3 -658.7 -613.6 -811.2 -45.1 57.7 21,012.6
2020* 4,345.7 4,879.8 -534.1 -632.6 -555.1 -751.3 -77.6 58.2 21,921.4
2021* 4,572.0 5,124.2 -552.3 -648.6 -555.2 -751.8 -93.5 59.2 22,875.2
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RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(-): 1940-2021
(percentage of GDP)
Public
Total Total Unified Public Deficit Gross OASDI Medicare GDP
Year Receipts Outlays Deficit Deficit + OASDI Deficit Surplus Surplus ($bil)
---- -------- -------- -------- -------- -------- -------- -------- -------- ---------
1940 6.7 9.6 -3.0 NA NA NA 0.6 0.0 98.2
1941 7.5 11.7 -4.3 -4.7 -5.3 -5.9 0.6 0.0 116.2
1942 9.9 23.8 -13.9 -13.2 -13.8 -14.7 0.6 0.0 147.7
1943 13.0 42.6 -29.6 -32.5 -33.1 -34.4 0.6 0.0 184.6
1944 20.5 42.7 -22.2 -26.7 -27.2 -28.7 0.6 0.0 213.8
1945 19.9 41.0 -21.0 -22.3 -22.8 -24.8 0.5 0.0 226.4
1946 17.2 24.2 -7.0 -2.9 -3.4 -4.8 0.5 0.0 228.0
1947 16.1 14.4 1.7 7.3 6.9 5.8 0.5 0.0 238.9
1948 15.8 11.3 4.5 3.1 2.6 2.0 0.5 0.0 262.4
1949 14.2 14.0 0.2 0.7 0.2 -0.2 0.5 0.0 276.8
1950 14.1 15.3 -1.1 -1.7 -2.3 -1.5 0.6 0.0 279.0
1951 15.8 13.9 1.9 1.4 0.9 0.5 0.6 0.0 327.4
1952 18.5 18.9 -0.4 -0.1 -0.6 -1.1 0.5 0.0 357.5
1953 18.2 19.9 -1.7 -0.9 -1.4 -1.8 0.5 0.0 382.5
1954 18.0 18.3 -0.3 -1.6 -2.0 -1.3 0.4 0.0 387.7
1955 16.1 16.8 -0.7 -0.5 -0.8 -0.9 0.3 0.0 407.0
1956 17.0 16.1 0.9 1.0 0.7 0.4 0.3 0.0 439.0
1957 17.2 16.5 0.7 0.6 0.4 0.1 0.2 0.0 464.2
1958 16.8 17.4 -0.6 -1.5 -1.6 -1.6 0.1 0.0 474.3
1959 15.7 18.2 -2.5 -1.7 -1.5 -1.5 -0.1 0.0 505.6
1960 17.3 17.2 0.1 -0.4 -0.4 -0.6 0.0 0.0 535.1
1961 17.2 17.8 -0.6 -0.3 -0.4 -0.4 0.1 0.0 547.6
1962 17.0 18.2 -1.2 -1.6 -1.4 -1.8 -0.2 0.0 586.9
1963 17.2 18.0 -0.8 -1.0 -0.8 -1.2 -0.1 0.0 619.3
1964 17.0 17.9 -0.9 -0.4 -0.5 -0.9 0.1 0.0 662.9
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 1,049.1
1971 16.7 18.8 -2.1 -1.8 -2.0 -2.4 0.3 0.1 1,119.3
1972 17.0 18.9 -1.9 -1.6 -1.8 -2.3 0.3 0.0 1,219.5
1973 17.0 18.1 -1.1 -1.4 -1.4 -2.2 0.0 0.1 1,356.0
1974 17.7 18.1 -0.4 -0.2 -0.3 -1.2 0.1 0.3 1,486.2
1975 17.3 20.6 -3.3 -3.2 -3.3 -3.6 0.1 0.1 1,610.6
1976 16.6 20.8 -4.1 -4.6 -4.4 -4.9 -0.2 0.0 1,790.3
1977 17.5 20.2 -2.6 -3.5 -3.3 -3.8 -0.2 0.1 2,028.4
1978 17.5 20.1 -2.6 -2.5 -2.4 -3.1 -0.2 0.1 2,278.2
1979 18.0 19.6 -1.6 -1.3 -1.2 -2.1 -0.1 0.1 2,570.0
1980 18.5 21.1 -2.6 -2.6 -2.5 -2.8 0.0 0.0 2,796.8
1981 19.1 21.6 -2.5 -2.5 -2.3 -2.7 -0.2 0.1 3,138.4
1982 18.6 22.5 -3.9 -4.1 -3.8 -4.3 -0.2 0.1 3,313.9
1983 17.0 22.8 -5.9 -6.0 -6.4 -6.6 0.0 0.2 3,541.1
1984 16.9 21.5 -4.7 -4.3 -4.3 -4.9 0.0 0.1 3,952.8
1985 17.2 22.2 -5.0 -4.7 -4.9 -5.9 0.2 0.1 4,270.4
1986 17.0 21.8 -4.9 -5.1 -5.3 -6.7 0.4 0.1 4,536.1
1987 17.9 21.0 -3.1 -3.1 -3.5 -4.7 0.4 0.2 4,781.9
1988 17.6 20.6 -3.0 -3.1 -3.9 -4.9 0.8 0.3 5,155.1
1989 17.8 20.5 -2.7 -2.5 -3.4 -4.8 0.9 0.4 5,570.0
1990 17.4 21.2 -3.7 -3.7 -4.7 -5.7 1.0 0.3 5,914.6
1991 17.3 21.7 -4.4 -4.5 -5.4 -6.4 0.9 0.3 6,110.1
1992 17.0 21.5 -4.5 -4.8 -5.6 -6.3 0.8 0.2 6,434.7
1993 17.0 20.7 -3.8 -3.7 -4.3 -5.1 0.7 0.2 6,794.9
1994 17.5 20.3 -2.8 -2.6 -3.4 -4.1 0.8 0.0 7,197.8
1995 17.8 20.0 -2.2 -2.3 -3.1 -3.7 0.8 -0.1 7,583.4
1996 18.2 19.6 -1.3 -1.6 -2.5 -3.3 0.8 0.1 7,978.3
1997 18.6 18.9 -0.3 -0.5 -1.4 -2.2 1.0 0.0 8,483.2
1998 19.2 18.5 0.8 0.6 -0.5 -1.2 1.1 0.1 8,954.8
1999 19.2 17.9 1.3 0.9 -0.4 -1.3 1.3 0.3 9,510.5
2000 20.0 17.6 2.3 2.2 0.7 -0.2 1.5 0.3 10,148.2
2001 18.8 17.6 1.2 0.9 -0.7 -1.3 1.5 0.2 10,564.6
2002 17.0 18.5 -1.5 -2.0 -3.5 -3.9 1.5 0.3 10,876.9
2003 15.7 19.1 -3.3 -3.3 -4.7 -5.0 1.4 0.1 11,332.4
2004 15.6 19.0 -3.4 -3.2 -4.4 -4.9 1.2 0.1 12,088.6
2005 16.7 19.2 -2.5 -2.3 -3.6 -4.3 1.3 0.1 12,888.9
2006 17.6 19.4 -1.8 -1.7 -3.1 -4.0 1.4 0.3 13,684.7
2007 17.9 19.1 -1.1 -1.4 -2.7 -3.5 1.3 0.2 14,322.9
2008 17.1 20.2 -3.1 -5.2 -6.5 -7.0 1.3 0.1 14,752.4
2009 14.6 24.4 -9.8 -12.1 -13.0 -13.1 1.0 0.0 14,414.6
2010 14.6 23.4 -8.7 -10.0 -10.5 -11.2 0.6 -0.1 14,798.5
2011 15.0 23.4 -8.5 -7.2 -7.7 -8.0 0.4 -0.2 15,379.2
2012 15.3 22.1 -6.8 -7.2 -7.6 -8.0 0.4 -0.1 16,027.2
2013 16.8 20.9 -4.1 -4.3 -4.5 -4.1 0.2 -0.2 16,498.1
2014 17.6 20.4 -2.8 -4.6 -4.8 -6.3 0.2 0.0 17,183.5
2015 18.3 20.7 -2.5 -1.9 -2.0 -1.8 0.1 0.0 17,803.4
2016* 18.1 21.4 -3.3 -5.5 -5.5 -7.1 0.0 0.0 18,472.0
2017* 18.9 21.5 -2.6 -3.3 -3.3 -3.7 0.0 0.0 19,302.8
2018* 19.4 21.6 -2.3 -2.8 -2.7 -3.7 -0.1 0.2 20,129.6
2019* 19.5 22.1 -2.6 -3.1 -2.9 -3.9 -0.2 0.3 21,012.6
2020* 19.8 22.3 -2.4 -2.9 -2.5 -3.4 -0.4 0.3 21,921.4
2021* 20.0 22.4 -2.4 -2.8 -2.4 -3.3 -0.4 0.3 22,875.2
* 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 2017: Historical Tables,
tables 7.1, 10.1, 13.1; data can be looked at interactively at
https://econdata.shinyapps.io/bud1/ by setting Topic equal to Deficit
Go to Budget Home Page