TABLE 16-2 A Simulation of Federal Fiscal Policy
| Fiscal Year |
Deficit/GDP (d) |
Debt/GDP (b) |
|
Spending/GDP (g) |
| 1993–1994 |
0.06 |
0.72 |
0.178 |
| 1994–1995 |
0.05 |
0.73 |
0.166 |
| 1995–1996 |
0.04 |
0.73 |
0.155 |
| 1996–1997 |
0.03 |
0.72 |
0.145 |
| 1997–1998 |
0 |
0.68 |
0.128 |
| 1998–1999 |
0 |
0.64 |
0.130 |
| 1999–2000 |
–0.01 |
0.60 |
0.123 |
| 2000–2001 |
–0.01 |
0.56 |
0.126 |
| 2001–2002 |
–0.01 |
0.52 |
0.132 |
| 2002–2003 |
–0.01 |
0.48 |
0.129 |
| 2003–2004 |
–0.01 |
0.44 |
0.131 |
| 2004–2005 |
–0.01 |
0.41 |
0.134 |
| 2005–2006 |
–0.01 |
0.37 |
0.130 |
| 2006–2007 |
–0.01 |
0.34 |
0.131 |
| 2007–2008 |
–0.01 |
0.31 |
0.133 |
| 2008–2009 |
0.003 |
0.29 |
0.126 |
| 2009–2010 |
0.036 |
0.33 |
0.156 |
| 2010–2011 |
0.020 |
0.33 |
0.144 |
| 2011–2012 |
0.015 |
0.33 |
0.138 |
| 2012–2013 |
0.014 |
0.33 |
0.138 |