html U.S. Deficits

Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS(?): 1789–2008
(in millions of dollars)
Year	Total			On-Budget			Off-Budget
Year	Receipts	Outlays	Surplus or Deficit(?)	Receipts	Outlays	Surplus or Deficit(?)	Receipts	Outlays	Surplus or Deficit(?)
1789–1849	1,160	1,090	70	1,160	1,090	70	..........	..........	..........
1850–1900	14,462	15,453	-991	14,462	15,453	-991	..........	..........	..........
1901	588	525	63	588	525	63	..........	..........	..........
1902	562	485	77	562	485	77	..........	..........	..........
1903	562	517	45	562	517	45	..........	..........	..........
1904	541	584	-43	541	584	-43	..........	..........	..........
1905	544	567	-23	544	567	-23	..........	..........	..........
1906	595	570	25	595	570	25	..........	..........	..........
1907	666	579	87	666	579	87	..........	..........	..........
1908	602	659	-57	602	659	-57	..........	..........	..........
1909	604	694	-89	604	694	-89	..........	..........	..........
1910	676	694	-18	676	694	-18	..........	..........	..........
1911	702	691	11	702	691	11	..........	..........	..........
1912	693	690	3	693	690	3	..........	..........	..........
1913	714	715	?*	714	715	?*	..........	..........	..........
1914	725	726	?*	725	726	?*	..........	..........	..........
1915	683	746	-63	683	746	-63	..........	..........	..........
1916	761	713	48	761	713	48	..........	..........	..........
1917	1,101	1,954	-853	1,101	1,954	-853	..........	..........	..........
1918	3,645	12,677	-9,032	3,645	12,677	-9,032	..........	..........	..........
1919	5,130	18,493	-13,363	5,130	18,493	-13,363	..........	..........	..........
1920	6,649	6,358	291	6,649	6,358	291	..........	..........	..........
1921	5,571	5,062	509	5,571	5,062	509	..........	..........	..........
1922	4,026	3,289	736	4,026	3,289	736	..........	..........	..........
1923	3,853	3,140	713	3,853	3,140	713	..........	..........	..........
1924	3,871	2,908	963	3,871	2,908	963	..........	..........	..........
1925	3,641	2,924	717	3,641	2,924	717	..........	..........	..........
1926	3,795	2,930	865	3,795	2,930	865	..........	..........	..........
1927	4,013	2,857	1,155	4,013	2,857	1,155	..........	..........	..........
1928	3,900	2,961	939	3,900	2,961	939	..........	..........	..........
1929	3,862	3,127	734	3,862	3,127	734	..........	..........	..........
1930	4,058	3,320	738	4,058	3,320	738	..........	..........	..........
1931	3,116	3,577	-462	3,116	3,577	-462	..........	..........	..........
1932	1,924	4,659	-2,735	1,924	4,659	-2,735	..........	..........	..........
1933	1,997	4,598	-2,602	1,997	4,598	-2,602	..........	..........	..........
1934	2,955	6,541	-3,586	2,955	6,541	-3,586	..........	..........	..........
1935	3,609	6,412	-2,803	3,609	6,412	-2,803	..........	..........	..........
1936	3,923	8,228	-4,304	3,923	8,228	-4,304	..........	..........	..........
1937	5,387	7,580	-2,193	5,122	7,582	-2,460	265	-2	267
1938	6,751	6,840	-89	6,364	6,850	-486	387	-10	397
1939	6,295	9,141	-2,846	5,792	9,154	-3,362	503	-13	516
1940	6,548	9,468	-2,920	5,998	9,482	-3,484	550	-14	564
1941	8,712	13,653	-4,941	8,024	13,618	-5,594	688	35	653
1942	14,634	35,137	-20,503	13,738	35,071	-21,333	896	66	830
1943	24,001	78,555	-54,554	22,871	78,466	-55,595	1,130	89	1,041
1944	43,747	91,304	-47,557	42,455	91,190	-48,735	1,292	114	1,178
1945	45,159	92,712	-47,553	43,849	92,569	-48,720	1,310	143	1,167
1946	39,296	55,232	-15,936	38,057	55,022	-16,964	1,238	210	1,028
1947	38,514	34,496	4,018	37,055	34,193	2,861	1,459	303	1,157
1948	41,560	29,764	11,796	39,944	29,396	10,548	1,616	368	1,248
1949	39,415	38,835	580	37,724	38,408	-684	1,690	427	1,263
1950	39,443	42,562	-3,119	37,336	42,038	-4,702	2,106	524	1,583
1951	51,616	45,514	6,102	48,496	44,237	4,259	3,120	1,277	1,843
1952	66,167	67,686	-1,519	62,573	65,956	-3,383	3,594	1,730	1,864
1953	69,608	76,101	-6,493	65,511	73,771	-8,259	4,097	2,330	1,766
1954	69,701	70,855	-1,154	65,112	67,943	-2,831	4,589	2,912	1,677
1955	65,451	68,444	-2,993	60,370	64,461	-4,091	5,081	3,983	1,098
1956	74,587	70,640	3,947	68,162	65,668	2,494	6,425	4,972	1,452
1957	79,990	76,578	3,412	73,201	70,562	2,639	6,789	6,016	773
1958	79,636	82,405	-2,769	71,587	74,902	-3,315	8,049	7,503	546
1959	79,249	92,098	-12,849	70,953	83,102	-12,149	8,296	8,996	-700
1960	92,492	92,191	301	81,851	81,341	510	10,641	10,850	-209
1961	94,388	97,723	-3,335	82,279	86,046	-3,766	12,109	11,677	431
1962	99,676	106,821	-7,146	87,405	93,286	-5,881	12,271	13,535	-1,265
1963	106,560	111,316	-4,756	92,385	96,352	-3,966	14,175	14,964	-789
1964	112,613	118,528	-5,915	96,248	102,794	-6,546	16,366	15,734	632
1965	116,817	118,228	-1,411	100,094	101,699	-1,605	16,723	16,529	194
1966	130,835	134,532	-3,698	111,749	114,817	-3,068	19,085	19,715	-630
1967	148,822	157,464	-8,643	124,420	137,040	-12,620	24,401	20,424	3,978
1968	152,973	178,134	-25,161	128,056	155,798	-27,742	24,917	22,336	2,581
1969	186,882	183,640	3,242	157,928	158,436	-507	28,953	25,204	3,749
1970	192,807	195,649	-2,842	159,348	168,042	-8,694	33,459	27,607	5,852
1971	187,139	210,172	-23,033	151,294	177,346	-26,052	35,845	32,826	3,019
1972	207,309	230,681	-23,373	167,402	193,824	-26,423	39,907	36,857	3,050
1973	230,799	245,707	-14,908	184,715	200,118	-15,403	46,084	45,589	495
1974	263,224	269,359	-6,135	209,299	217,270	-7,971	53,925	52,089	1,836
1975	279,090	332,332	-53,242	216,633	271,892	-55,260	62,458	60,440	2,018
1976	298,060	371,792	-73,732	231,671	302,183	-70,512	66,389	69,609	-3,220
TQ	81,232	95,975	-14,744	63,216	76,555	-13,339	18,016	19,421	-1,405
1977	355,559	409,218	-53,659	278,741	328,502	-49,760	76,817	80,716	-3,899
1978	399,561	458,746	-59,185	314,169	369,089	-54,919	85,391	89,657	-4,266
1979	463,302	504,028	-40,726	365,309	404,051	-38,742	97,994	99,978	-1,984
1980	517,112	590,941	-73,830	403,903	476,613	-72,710	113,209	114,329	-1,120
1981	599,272	678,241	-78,968	469,097	543,044	-73,948	130,176	135,196	-5,020
1982	617,766	745,743	-127,977	474,299	594,339	-120,040	143,467	151,404	-7,937
1983	600,562	808,364	-207,802	453,242	661,256	-208,014	147,320	147,108	212
1984	666,486	851,853	-185,367	500,411	686,040	-185,629	166,075	165,813	262
1985	734,088	946,396	-212,308	547,918	769,589	-221,671	186,171	176,807	9,363
1986	769,215	990,430	-221,215	568,986	806,932	-237,946	200,228	183,498	16,731
1987	854,353	1,004,082	-149,728	640,951	810,249	-169,298	213,402	193,832	19,570
1988	909,303	1,064,455	-155,152	667,812	861,763	-193,951	241,491	202,691	38,800
1989	991,190	1,143,646	-152,456	727,525	932,735	-205,210	263,666	210,911	52,754
1990	1,031,969	1,253,165	-221,195	750,314	1,028,099	-277,786	281,656	225,065	56,590
1991	1,055,041	1,324,369	-269,328	761,157	1,082,682	-321,525	293,885	241,687	52,198
1992	1,091,279	1,381,655	-290,376	788,853	1,129,316	-340,463	302,426	252,339	50,087
1993	1,154,401	1,409,489	-255,087	842,467	1,142,902	-300,434	311,934	266,587	45,347
1994	1,258,627	1,461,877	-203,250	923,601	1,182,505	-258,904	335,026	279,372	55,654
1995	1,351,830	1,515,802	-163,972	1,000,751	1,227,138	-226,387	351,079	288,664	62,415
1996	1,453,062	1,560,535	-107,473	1,085,570	1,259,631	-174,061	367,492	300,904	66,588
1997	1,579,292	1,601,250	-21,958	1,187,302	1,290,624	-103,322	391,990	310,626	81,364
1998	1,721,798	1,652,585	69,213	1,305,999	1,335,981	-29,982	415,799	316,604	99,195
1999	1,827,454	1,701,891	125,563	1,382,986	1,381,113	1,873	444,468	320,778	123,690
2000	2,025,218	1,788,773	236,445	1,544,634	1,458,008	86,626	480,584	330,765	149,819
2001	1,991,194	1,863,895	127,299	1,483,675	1,517,057	-33,382	507,519	346,838	160,681
2002	1,853,173	2,010,975	-157,802	1,337,852	1,655,313	-317,461	515,321	355,662	159,659
2003 estimate	1,836,218	2,140,377	-304,159	1,304,653	1,772,280	-467,627	531,565	368,097	163,468
2004 estimate	1,922,025	2,229,425	-307,400	1,365,857	1,847,924	-482,067	556,168	381,501	174,667
2005 estimate	2,135,188	2,343,399	-208,211	1,545,685	1,953,094	-407,409	589,503	390,305	199,198
2006 estimate	2,263,159	2,463,663	-200,504	1,648,387	2,060,069	-411,682	614,772	403,594	211,178
2007 estimate	2,398,054	2,576,203	-178,149	1,753,610	2,159,697	-406,087	644,444	416,506	227,938
2008 estimate	2,520,923	2,710,517	-189,594	1,847,731	2,280,416	-432,685	673,192	430,101	243,091
* $500 thousand or less.
Note: Budget figures prior to 1933 are based on the "Administrative Budget" concepts rather than the "Unified Budget" concepts.