Table 18.2 Table 18.2 Federal government debt held by the public, 1970-2005 Debt Held Debt Held by the Public Fiscal the Public a percent Year (S billions) of GDP 1970 283 29.4 1980 709 7.8 1985 1,499 38.4 1990 2.410 44.6 2000 3,410 2002 3.540 34.3 2005* 4013 33.6 pRojection SOURCE: Congressional Budget Office, The Economic and Budget Outlook: Fiscal Years 2004-2013, January 2003. pp. xvi, 149Table 18.2