"Figure 7: Federal and State/Local Surpluses and Deficits, as a Percentage of Gross Domestic Product" Year Baseline Extended: Federal Only "Baseline Extended: Federal, State and Local" Alternative: Federal Only "Alternative: Federal, State and Local" 2000 2.4 2.1 2.4 2.1 2001 1.3 0.3 1.3 0.3 2002 -1.5 -2.9 -1.5 -2.9 2003 -3.5 -4.7 -3.5 -4.7 2004 -3.6 -4.5 -3.6 -4.5 2005 -2.6 -3.1 -2.6 -3.1 2006 -1.9 -2.2 -1.9 -2.2 2007 -1.2 -1.8 -1.2 -1.8 2008 -3.2 -4.2 -3.2 -4.2 2009 -9.9 -10.9 -9.9 -10.9 2010 -9.2 -10.2 -9.6 -10.6 2011 -6.5 -8 -8.9 -10.4 2012 -4.1 -5.6 -7.7 -9.2 2013 -3.2 -4.6 -7.3 -8.7 2014 -2.7 -4 -7.2 -8.5 2015 -2.6 -3.9 -7.5 -8.8 2016 -2.7 -4.1 -8 -9.3 2017 -2.6 -4 -8.3 -9.7 2018 -2.6 -4.1 -8.7 -10.2 2019 -3 -4.5 -9.5 -11 2020 -3 -4.6 -10 -11.5 2021 -3.3 -4.9 -10.3 -11.9 2022 -3.6 -5.3 -10.7 -12.3 2023 -4 -5.6 -11 -12.7 2024 -4.3 -6 -11.4 -13.1 2025 -4.7 -6.4 -11.9 -13.7 2026 -5 -6.9 -12.5 -14.4 2027 -5.4 -7.3 -13.2 -15 2028 -5.8 -7.8 -13.8 -15.8 2029 -6.2 -8.3 -14.4 -16.5 2030 -6.7 -8.8 -15.1 -17.2 2031 -7.1 -9.3 -15.8 -18 2032 -7.5 -9.8 -16.5 -18.7 2033 -8 -10.3 -17.2 -19.5 2034 -8.4 -10.9 -17.9 -20.3 2035 -8.8 -11.4 -18.6 -21.1 2036 -9.3 -11.9 -19.3 -21.9 2037 -9.7 -12.5 -20 -22.8 2038 -10.2 -13 -20.7 -23.6 2039 -10.6 -13.6 -21.4 -24.4 2040 -11 -14.1 -22.1 -25.2 2041 -11.5 -14.6 -22.9 -26 2042 -11.9 -15.2 -23.6 -26.9 2043 -12.3 -15.7 -24.3 -27.7 2044 -12.8 -16.3 -25.1 -28.6 2045 -13.3 -16.9 -25.9 -29.5 2046 -13.7 -17.4 -26.6 -30.3 2047 -14.2 -18 -27.4 -31.2 2048 -14.7 -18.6 -28.2 -32.2 2049 -15.2 -19.3 -29 -33.1 2050 -15.7 -19.9 -29.9 -34.1 2051 -16.2 -20.5 -30.7 -35.1 2052 -16.7 -21.2 -31.6 -36.1 2053 -17.3 -21.9 -32.5 -37.1 2054 -17.8 -22.5 -33.4 -38.1 2055 -18.4 -23.2 -34.3 -39.2 2056 -19 -24 -35.3 -40.2 2057 -19.6 -24.7 -36.2 -41.4 2058 -20.2 -25.4 -37.2 -42.5 2059 -20.8 -26.2 -38.2 -43.7 2060 -21.5 -27 -39.2 -44.8