         | | 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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