The American Presidency Project

Federal Budget Receipts and Outlays:

Coolidge - Biden

 

President
 Fiscal Year1 Total Budget2 G.D.P. % of G.D.P.
Receipts Outlays Surplus
or
Deficit		 Receipts Outlays Surplus
or
Deficit
in billions of dollars
Calvin Coolidge 1930 4.1 3.3 0.7 98.4 4.1 3.4 0.8
 
Herbert Hoover 1931 3.1 3.6 -0.5 84.8 3.7 4.2 -0.5
  1932 1.9 4.7 -2.7 68.5 2.8 6.8 -4.0
  1933 2.0 4.6 -2.6 58.3 3.4 7.9 -4.5
  1934 3.0 6.5 -3.6 62.0 4.8 10.6 -5.8
 
Franklin D. Roosevelt 1935 3.6 6.4 -2.8 70.5 5.1 9.1 -4.0
  1936 3.9 8.2 -4.3 79.6 4.9 10.3 -5.4
  1937 5.4 7.6 -2.2 88.9 6.1 8.5 -2.5
  1938 6.8 6.8 -0.1 90.2 7.5 7.6 -0.1
  1939 6.3 9.1 -2.8 90.4 7.0 10.1 -3.1
  1940 6.5 9.5 -2.9 98.2 6.7 9.6 -3.0
  1941 8.7 13.7 -4.9 116.2 7.5 11.7 -4.3
  1942 14.6 35.1 -20.5 147.7 9.9 23.8 -13.9
  1943 24.0 78.6 -54.6 184.6 13.0 42.6 -29.6
  1944 43.7 91.3 -47.6 213.8 20.5 42.7 -22.2
  1945 45.2 92.7 -47.6 226.4 19.9 41.0 -21.0
  1946 39.3 55.2 -15.9 228.0 17.2 24.2 -7.0
 
Harry S. Truman 1947 38.5 34.5 4.0 238.9 16.1 14.4 1.7
  1948 41.6 29.8 11.8 261.9 15.9 11.4 4.5
  1949 39.4 38.8 0.6 276.5 14.3 14.0 0.2
  1950 39.4 42.6 -3.1 278.7 14.2 15.3 -1.1
  1951 51.6 45.5 6.1 327.1 15.8 13.9 1.9
  1952 66.2 67.7 -1.5 357.1 18.5 19.0 -0.4
  1953 69.6 76.1 -6.5 382.1 18.2 19.9 -1.7
  1954 69.7 70.9 -1.2 387.2 18.0 18.3 -0.3
 
Dwight D. Eisenhower 1955 65.5 68.4 -3.0 406.3 16.1 16.8 -0.7
  1956 74.6 70.6 3.9 438.3 17.0 16.1 0.9
  1957 80.0 76.6 3.4 463.4 17.3 16.5 0.7
  1958 79.6 82.4 -2.8 473.5 16.8 17.4 -0.6
  1959 79.2 92.1 -12.8 504.6 15.7 18.3 -2.5
  1960 92.5 92.2 0.3 534.3 17.3 17.3 0.1
  1961 94.4 97.7 -3.3 546.6 17.3 17.9 -0.6
  1962 99.7 106.8 -7.1 585.7 17.0 18.2 -1.2
 
John F. Kennedy 1963 106.6 111.3 -4.8 618.2 17.2 18.0 -0.8
  1964 112.6 118.5 -5.9 661.7 17.0 17.9 -0.9
 
Lyndon B. Johnson 1965 116.8 118.2 -1.4 709.3 16.5 16.7 -0.2
  1966 130.8 134.5 -3.7 780.5 16.8 17.2 -0.5
  1967 148.8 157.5 -8.6 836.5 17.8 18.8 -1.0
  1968 153.0 178.1 -25.2 897.6 17.0 19.8 -2.8
  1969 186.9 183.6 3.2 980.3 19.1 18.7 0.3
  1970 192.8 195.6 -2.8 1,046.7 18.4 18.7 -0.3
 
Richard Nixon 1971 187.1 210.2 -23.0 1,116.6 16.8 18.8 -2.1
  1972 207.3 230.7 -23.4 1,216.3 17.0 19.0 -1.9
  1973 230.8 245.7 -14.9 1,352.7 17.1 18.2 -1.1
  1974 263.2 269.4 -6.1 1,482.9 17.8 18.2 -0.4
  1975 279.1 332.3 -53.2 1,606.9 17.4 20.7 -3.3
 
Gerald R. Ford 1976 298.1 371.8 -73.7 1,786.1 16.7 20.8 -4.1
  TQ2 81.2 96.0 -14.7 471.7 17.2 20.3 -3.1
  1977 355.6 409.2 -53.7 2,024.3 17.6 20.2 -2.7
 
Jimmy Carter 1978 399.6 458.7 -59.2 2,273.5 17.6 20.2 -2.6
  1979 463.3 504.0 -40.7 2,565.6 18.1 19.6 -1.6
  1980 517.1 590.9 -73.8 2,791.9 18.5 21.2 -2.6
  1981 599.3 678.2 -79.0 3,133.2 19.1 21.6 -2.5
 
Ronald Reagan 1982 617.8 745.7 -128.0 3,313.4 18.6 22.5 -3.9
  1983 600.6 808.4 -207.8 3,536.0 17.0 22.9 -5.9
  1984 666.4 851.8 -185.4 3,949.2 16.9 21.6 -4.7
  1985 734.0 946.3 -212.3 4,265.1 17.2 22.2 -5.0
  1986 769.2 990.4 -221.2 4,526.3 17.0 21.9 -4.9
  1987 854.3 1,004.0 -149.7 4,767.7 17.9 21.1 -3.1
  1988 909.2 1,064.4 -155.2 5,138.6 17.7 20.7 -3.0
  1989 991.1 1,143.7 -152.6 5,554.7 17.8 20.6 -2.7
 
George Bush 1990 1,032.0 1,253.0 -221.0 5,898.8 17.5 21.2 -3.7
  1991 1,055.0 1,324.2 -269.2 6,093.2 17.3 21.7 -4.4
  1992 1,091.2 1,381.5 -290.3 6,416.3 17.0 21.5 -4.5
  1993 1,154.3 1,409.4 -255.1 6,775.3 17.0 20.8 -3.8
 
William J. Clinton 1994 1,258.6 1,461.8 -203.2 7,176.9 17.5 20.4 -2.8
  1995 1,351.8 1,515.7 -164.0 7,560.4 17.9 20.0 -2.2
  1996 1,453.1 1,560.5 -107.4 7,951.3 18.3 19.6 -1.4
  1997 1,579.2 1,601.1 -21.9 8,451.0 18.7 18.9 -0.3
  1998 1,721.7 1,652.5 69.3 8,930.8 19.3 18.5 0.8
  1999 1,827.5 1,701.8 125.6 9,479.4 19.3 18.0 1.3
  2000 2,025.2 1,789.0 236.2 10,117.5 20.0 17.7 2.3
  2001 1,991.1 1,862.8 128.2 10,526.5 18.9 17.7 1.2
 
George W. Bush 2002 1,853.1 2,010.9 -157.8 10,833.7 17.1 18.6 -1.5
  2003 1,782.3 2,159.9 -377.6 11,283.8 15.8 19.1 -3.3
  2004 1,880.1 2,292.8 -412.7 12,025.5 15.6 19.1 -3.4
  2005 2,153.6 2,472.0 -318.3 12,834.2 16.8 19.3 -2.5
  2006 2,406.9 2,655.1 -248.2 13,638.4 17.6 19.5 -1.8
  2007 2,568.0 2,728.7 -160.7 14,290.8 18.0 19.1 -1.1
  2008 2,524.0 2,982.5 -458.6 14,743.3 17.1 20.2 -3.1
  2009 2,105.0 3,517.7 -1,412.7 14,431.8 14.6 24.4 -9.8
 
Barack Obama 2010 2,162.7 3,457.1 -1,294.4 14,838.9 14.6 23.3 -8.7
  2011 2,303.5 3,603.1 -1,299.6 15,403.7 15.0 23.4 -8.4
  2012 2,450.0 3,526.6 -1,076.6 16,056.5 15.3 22.0 -6.7
  2013 2,775.1 3,454.9 -679.8 16,603.8 16.7 20.8 -4.1
  2014 3,021.5 3,506.3 -484.8 17,335.6 17.4 20.2 -2.8
  2015 3,249.9 3,691.9 -442.0 18,106.1 17.9 20.4 -2.4
  2016 3,268.0 3,852.6 -584.7 18,581.7 17.6 20.7 -3.1
  2017 3,316.2 3,981.6 -665.4 19,316.6 17.2 20.6 -3.4
                 
Donald J. Trump 2018 3,329.9 4,109.0 -779.1 20,368.9 16.3 20.2 -3.8
  2019 3,463.4 4,447.0 -983.6 21,223.9 16.3 21.0 -4.6
  2020 3,421.2 6,550.4 -3,129.2 20,999.7 16.3 31.2 -14.9
estimate 2021 3,580.8 7,249.5 -3,668.7 22,030.0 16.3 32.9 -16.7
                 
Joseph R. Biden 2022 4,174.2 6,011.1 -1,837.0 23,499.7 17.8 25.6 -7.8
estimate 2023 4,641.0 6,013.0 -1,371.9 24,563.3 18.9 24.5 -5.6
estimate 2024 4,827.8 6,186.8 -1,359.0 25,536.5 18.9 24.2 -5.3
estimate 2025 5,037.9 6,507.7 -1,469.8 26,516.0 19.0 24.5 -5.5
estimate 2026 5,332.1 6,746.3 -1,414.2 27,533.2 19.4 24.5 -5.1

 

Last Updated

May 28, 2021

Notes

1 The Fiscal Year begins on October 1 of the previous year. For example, Fiscal Year 2009 begins on October 1, 2008. For this reason, budget years appear to not correspond with a president's administration. For example, George W. Bush took office in January 2001, but the FY 2001 budget was prepared by the Clinton Administration and authorized by the 106th Congress in 2000.

Prior to fiscal year 1977 the Federal fiscal years began on July 1 and ended on June 30. For example, John F. Kennedy assumed office on January 20, 1961, but the FY 1961 budget was prepared by the Eisenhower Administration.

In calendar year 1976 the July-September period was a separate accounting period (known as the transition quarter or TQ) to bridge the period required to shift to the new fiscal year.

2 Total includes both "on-budget" and "off-budget" amounts.

Source(s)

• compiled by Gerhard Peters from "Historical Tables, Budget of the United States Government, Fiscal Year 2022" (Washington, D.C.: Government Printing Office, 2021).

Citations

Gerhard Peters. "Federal Budget Receipts and Outlays." The American Presidency Project. Ed. John T. Woolley and Gerhard Peters. Santa Barbara, CA: University of California. 1999-2021.