Federal Receipts and Spending (Millions, current dollars) Year Receipts Outlays 1789-1849 1,160 1,090 1850-1900 14,462 15,453 Year Receipts Outlays 1901 588 525 1902 562 485 1903 562 517 1904 541 584 1905 544 567 1906 595 570 1907 666 579 1908 602 659 1909 604 694 1910 676 694 1911 702 691 1912 693 690 1913 714 715 1914 725 726 1915 683 746 1916 761 713 1917 1,101 1,954 1918 3,645 12,677 1919 5,130 18,493 1920 6,649 6,358 1921 5,571 5,062 1922 4,026 3,289 1923 3,853 3,140 1924 3,871 2,908 1925 3,641 2,924 1926 3,795 2,930 1927 4,013 2,857 1928 3,900 2,961 1929 3,862 3,127 1930 4,058 3,320 1931 3,116 3,577 1932 1,924 4,659 1933 1,997 4,598 1934 2,955 6,541 1935 3,609 6,412 1936 3,923 8,228 1937 5,387 7,580 1938 6,751 6,840 1939 6,295 9,141 1940 6,548 9,468 1941 8,712 13,653 1942 14,634 35,137 1943 24,001 78,555 1944 43,747 91,304 1945 45,159 92,712 1946 39,296 55,232 1947 38,514 34,496 1948 41,560 29,764 1949 39,415 38,835 1950 39,443 42,562 1951 51,616 45,514 1952 66,167 67,686 1953 69,608 76,101 1954 69,701 70,855 1955 65,451 68,444 1956 74,587 70,640 1957 79,990 76,578 1958 79,636 82,405 1959 79,249 92,098 1960 92,492 92,191 1961 94,388 97,723 1962 99,676 106,821 1963 106,560 111,316 1964 112,613 118,528 1965 116,817 118,228 1966 130,835 134,532 1967 148,822 157,464 1968 152,973 178,134 1969 186,882 183,640 1970 192,807 195,649 1971 187,139 210,172 1972 207,309 230,681 1973 230,799 245,707 1974 263,224 269,359 1975 279,090 332,332 1976 298,060 371,792 TQ 81,232 95,975 1977 355,559 409,218 1978 399,561 458,746 1979 463,302 504,032 1980 517,112 590,947 1981 599,272 678,249 1982 617,766 745,755 1983 600,562 808,380 1984 666,457 851,846 1985 734,057 946,391 1986 769,091 990,336 1987 854,143 1,003,911 1988 908,954 1,064,140 1989 990,691 1,143,172 1990 1,031,321 1,252,515 1991 1,054,272 1,323,631 1992 1,090,453 1,380,856 1993 1,153,535 1,408,675 1994 1,257,737 1,460,841 1995 1,355,213 1,519,133 Office of Management and Budget, Budget of the United States Government, Fiscal Year 1997, Historical Table 1.1 Federal Receipts and Spending (Billions, 96 dollars) Year Receipts Spending 1901 12.0 11.0 1902 9.4 8.0 1903 9.4 8.6 1904 9.0 9.7 1905 9.1 9.5 1906 9.9 9.5 1907 11 9.7 1908 10 11 1909 10 12 1910 11 12 1911 12 12 1912 12 12 1913 11.3 11.3 1914 11.3 11.3 1915 10.7 11.7 1916 11.0 10.3 1917 13.4 23.8 1918 38.0 132.0 1919 46.6 168.0 1920 52.4 50.0 1921 48.9 44.4 1922 37.6 30.7 1923 35.3 28.8 1924 35.5 26.7 1925 32.8 26.3 1926 33.6 25.9 1927 36.2 25.7 1928 35.8 27.2 1929 35.4 28.7 1930 38.3 31.3 1931 32.1 36.9 1932 22.1 53.6 1933 24.0 55.4 1934 34.8 77.0 1935 41.5 73.7 1936 44.1 92.4 1937 58.6 82.4 1938 75.0 74.3 1939 70.7 103 1940 73.6 106 1941 92.7 145 1942 141 338 1943 218 714 1944 391 815 1945 393 806 1946 317 445 1947 271 243 1948 270 193 1949 259 255 1950 256 276 1951 311 274 1952 392 401 1953 409 448 1954 408 414 1955 383 400 1956 431 408 1957 449 428 1958 433 448 1959 428 498 1960 489 488 1961 497 512 1962 519 556 1963 546 571 1964 572 602 1965 581 588 1966 635 653 1967 699 739 1968 689 802 1969 799 785 1970 781 792 1971 725 815 1972 779 867 1973 816 868 1974 838 858 1975 814 969 1976 823 1,030 TQ 224 265 1977 921 1,060 1978 963 1,110 1979 1,000 1,090 1980 985 1,130 1981 1,040 1,170 1982 1,000 1,210 1983 947 1,280 1984 1,010 1,290 1985 1,070 1,380 1986 1,100 1,420 1987 1,180 1,470 1988 1,210 1,410 1989 1,250 1,450 1990 1,240 1,510 1991 1,210 1,520 1992 1,220 1,540 1993 1,250 1,530 1994 1,330 1,550 1995 1,400 1,560 Converted from Office of Management and Budget, Budget of the United States Government, Fiscal Year 1997, Historical Table 1.1
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