|
Budget Deficits: 1969-1998
|
Fiscal Year
|
Deficit/Surplus
(in billions of dollars)
|
Deficit/Surplus
(as % of GDP)
|
|
1969
|
3.2
|
0.3
|
|
1970
|
-2.8
|
-0.3
|
|
1971
|
-23.0
|
-2.1
|
|
1972
|
-23.3
|
-2.0
|
|
1973
|
-14.9
|
-1.1
|
|
1974
|
-6.1
|
-0.4
|
|
1975
|
-53.2
|
-3.4
|
|
1976
|
-73.7
|
-4.3
|
|
1977
|
-53.7
|
-2.7
|
|
1978
|
-59.2
|
-2.7
|
|
1979
|
-40.7
|
-1.6
|
|
1980
|
-73.8
|
-2.7
|
|
1981
|
-79.0
|
-2.6
|
|
1982
|
-128.0
|
-4.0
|
|
1983
|
-207.8
|
-6.1
|
|
1984
|
-185.4
|
-4.9
|
|
1985
|
-212.3
|
-5.2
|
|
1986
|
-221.2
|
-5.1
|
|
1987
|
-149.8
|
-3.3
|
|
1988
|
-155.2
|
-3.1
|
|
1989
|
-152.5
|
-2.8
|
|
1990
|
-221.2
|
-3.9
|
|
1991
|
-269.4
|
-4.6
|
|
1992
|
-290.4
|
-4.7
|
|
1993
|
-255.0
|
-3.9
|
|
1994
|
-203.1
|
-3.0
|
|
1995
|
-163.9
|
-2.3
|
|
1996
|
-107.5
|
-1.4
|
|
1997
|
-21.9
|
-0.3
|
|
1998
|
About 70*
|
Nearly one percent*
|
* Estimate Based on Preliminary Information
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