"Federal and State/Local Surpluses and Deficits, as a Percentage of Gross Domestic Product" Year Baseline Extended: Federal Only Baseline Extended: Federall, State and Local Alternative: Federal Only Alternative: Federall, State and Local 2005 (2.6) (2.5) (2.6) (2.5) 2006 (1.9) (1.6) (1.9) (1.6) 2007 (1.2) (1.0) (1.2) (1.0) 2008 (3.2) (3.6) (3.2) (3.6) 2009 (10.1) (10.8) (10.1) (10.8) 2010 (9.0) (9.7) (9.0) (9.7) 2011 (8.7) (9.4) (8.7) (9.4) 2012 (7.0) (7.8) (7.0) (7.8) 2013 (5.3) (6.3) (5.5) (6.6) 2014 (3.7) (4.9) (4.7) (5.9) 2015 (2.4) (3.7) (3.8) (5.0) 2016 (2.5) (3.7) (3.7) (4.9) 2017 (2.7) (3.8) (4.0) (5.0) 2018 (2.9) (4.0) (4.3) (5.3) 2019 (3.2) (4.4) (4.7) (5.8) 2020 (3.5) (4.7) (5.0) (6.2) 2021 (3.6) (4.8) (5.1) (6.4) 2022 (3.8) (5.2) (5.4) (6.7) 2023 (3.8) (5.2) (5.5) (6.9) 2024 (4.1) (5.5) (6.3) (7.7) 2025 (4.6) (6.1) (7.2) (8.7) 2026 (5.0) (6.6) (8.1) (9.6) 2027 (5.6) (7.3) (9.0) (10.7) 2028 (6.2) (7.9) (10.1) (11.8) 2029 (6.6) (8.4) (10.9) (12.7) 2030 (6.9) (8.8) (11.6) (13.5) 2031 (7.2) (9.2) (12.3) (14.3) 2032 (7.6) (9.6) (13.0) (15.1) 2033 (7.9) (10.0) (13.8) (15.9) 2034 (8.2) (10.4) (14.3) (16.5) 2035 (8.5) (10.7) (14.9) (17.1) 2036 (8.9) (11.3) (15.6) (17.9) 2037 (9.2) (11.6) (16.2) (18.6) 2038 (9.5) (12.0) (16.8) (19.2) 2039 (9.8) (12.4) (17.3) (19.9) 2040 (10.1) (12.7) (17.9) (20.5) 2041 (10.3) (12.9) (18.5) (21.1) 2042 (10.7) (13.4) (19.1) (21.8) 2043 (10.9) (13.7) (19.7) (22.4) 2044 (11.4) (14.3) (20.4) (23.2) 2045 (11.6) (14.5) (21.0) (23.9) 2046 (12.0) (15.0) (21.6) (24.6) 2047 (12.3) (15.4) (22.3) (25.3) 2048 (12.6) (15.7) (22.9) (26.0) 2049 (13.0) (16.2) (23.6) (26.8) 2050 (13.2) (16.5) (24.2) (27.5) 2051 (13.5) (16.9) (24.9) (28.2) 2052 (14.0) (17.4) (25.6) (29.0) 2053 (14.2) (17.7) (26.3) (29.8) 2054 (14.6) (18.1) (27.0) (30.5) 2055 (14.9) (18.5) (27.7) (31.3) 2056 (15.4) (19.1) (28.5) (32.2) 2057 (15.7) (19.4) (29.2) (33.0) 2058 (16.0) (19.8) (30.0) (33.8) 2059 (16.5) (20.5) (30.9) (34.8) 2060 (16.8) (20.8) (31.7) (35.7)