Year

Government receipts (billions of dollars)

Government spending (billions of dollars)

Government budget balance (billions of dollars)

M1 growth

M2 growth

3-month Treasury bill rate

1969

$186.9

$183.6

$3.2

3.3%

3.7%

6.68%

1970

192.8

195.6

−2.8

5.1

6.6

6.46

1971

187.1

210.2

−23.0

6.5

13.4

4.35

1972

207.3

230.7

−23.4

9.2

13.0

4.07

1973

230.8

245.7

−14.9

5.5

6.6

7.04