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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. z$ y- o- q# K" p8 c# @9 m8 Z, p
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2020财年美国预算赤字预计为1.1万亿美元0 S4 W( T. y1 N7 m" W
+ @+ B5 D" h, LThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
/ W, D& t4 P8 k$ W/ @) V5 X 第一列表示会计年度，其次是该年度的赤字（十亿）。其次是财政年度的债务增加，其次是赤字/ GDP。最后，列举了影响赤字的事件* N3 ?0 y* R7 C' q& i- S- N
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events# J+ i, t) s( L& B: W5 k4 j+ g
1929 ($1) ($1) (0.7%) Market crash3 o; k4 b! M. M) U' V1 |: {9 Z4 i
1930 ($1) ($1) (0.8%) Smoot-Hawley( X7 B* s) ^' }) U
1931 $0 $1 0.6% Dust Bowl
; h9 U0 F+ G# b7 k2 r1932 $3 $3 4.5% Hoover tax hike
) d# e5 p) x9 q4 Y1933 $3 $3 4.5% FDR New Deal# N" k2 U2 [. Y" \5 n
1934 $4 $5 5.4% GDP up 10.8%, debt also rose1 q9 i+ G+ W, p T* c2 q1 t
1935 $3 $2 3.8% Social Security6 g* V+ z0 e( P5 I
1936 $4 $5 5.1% Tax hikes
* v6 {. n- w) H8 x W0 L1937 $2 $3 2.4% Depression returned, third New Deal
, t& v2 j$ C, ]# @9 Y9 k5 S& F1938 $0 $1 0.1% Dust Bowl ended! E' |! O, v+ T/ v6 i! p$ Q/ V
1939 $3 $3 3.0% Depression ended5 d+ ?9 ^ p! J: Q7 {
1940 $3 $3 2.8% Defense increased
! D# p7 l/ L3 i$ e1941 $5 $6 3.8% Pearl Harbor
2 s) q1 m7 h$ k' f' }1942 $21 $23 12.3% Battle of Midway
( f4 u8 w+ r/ d- n4 j- R0 C1943 $55 $64 26.9% Defense tripled
! c+ S5 K! y* u' Z4 Y1944 $48 $64 21.2% Bretton Woods( i5 v7 i0 ^& W @0 B0 O( O
1945 $48 $58 20.0% WWII ended0 U& Y" c# ?! B2 ~4 i7 [
1946 $16 $11 7.0% Recession
- Q9 |. f" e4 G7 R7 j1947 ($4) ($11) (1.6%) Cold War# n, X. f4 Y( Y/ u, o, D
1948 ($12) ($6) (4.2%) Recession
0 u9 o- O/ b/ {% }* X/ ]- b5 U9 L1949 ($1) $0 (0.2%) Recession. m- T' S+ N2 o' `
1950 $3 $5 1.0% Korean War
, ?( ?$ b1 h$ p3 K4 Q7 d1951 ($6) ($2) (1.7%) Expansion
. A# _3 k ^/ |, D- x1952 $2 $4 0.4% Expansion
& b- A+ `( h* e: d' F9 N1953 $6 $7 1.7% Korean War ended, recession
- P3 L9 P1 o8 H& c1954 $1 $5 0.3% Recession, Eisenhower budgets
- S' O9 P& ~2 e. d% z7 ^( R/ z1955 $3 $3 0.7% Expansion8 h) a3 e% h. J0 R7 b! d
1956 ($4) ($2) (0.9%) Expansion" I. s: u- M# s2 C7 u
1957 ($3) ($2) (0.7%) Recession! V2 t* s( m' N5 ~& v
1958 $3 $6 0.6% Recession ended
1 a/ I% W% C/ k1 Y6 Y( H1959 $13 $8 2.4% Fed raised rates! S* N) G9 O4 s: `- L0 @1 z
1960 $0 $2 (0.1%) Recession
3 O5 D' v& L8 i3 \1961 $3 $3 0.6% JFK & Bay of Pigs
- M7 C* R" b/ M. d* J: `1962 $7 $10 1.2% Cuban Missile Crisis, a9 z) H* |% p
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
0 u* A, S7 T/ _+ d; m1964 $6 $6 0.9% LBJ War on Poverty
+ n+ k8 o+ }* E, G4 L1 y1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War6 _) E7 J, E d& N N5 I3 u [' O
1966 $4 $3 0.5%
" d7 E j, h& `3 F+ T' p1967 $9 $6 1.0% Expansion; R$ T# O% l4 `( A: y' b
1968 $25 $21 2.6% Moon landing8 H/ S/ [! f+ c- i, G) c+ P
1969 ($3) $6 (0.3%) Nixon took office
2 O8 @8 d5 Q0 r1970 $3 $17 0.3% Recession0 J* j. f( F+ @+ p8 d* c' y& \
1971 $23 $27 2.0% Wage-price controls+ e9 A6 \; A5 e0 r% g$ L
1972 $23 $29 1.8% Stagflation$ ]/ `- I' M1 @. [# E
1973 $15 $31 1.0% End of gold standard
1 W9 j/ e- H. x# J7 p1974 $6 $17 0.4% Budget process created, Watergate# L" q( T# e; F* O* s4 t$ ?! l7 T
1975 $53 $58 3.1% Ford budget, Vietnam War ended# ?/ c' Y7 U' V# D/ r, }# B
1976 $74 $87 3.9% Stagflation
' f" E3 z* R% R2 w$ D& ~# v8 u3 Q1977 $54 $78 2.5% Stagflation
2 A: f5 ^, y$ y! r1 C0 I2 H1978 $59 $73 2.5% Carter budget, Recession
# d1 w1 z, b" L- b' a! p* M* q1979 $41 $55 1.5% Recession' S7 X+ o. R! C8 j( ~: O6 y
1980 $74 $81 2.6% Volcker raised rates to 20%
0 ]% M- E" A" U% V1981 $79 $90 2.4% Reagan tax cut- `1 l8 k) Y, H
1982 $128 $144 3.8% Reagan increased spending
4 ^" H8 z i! Z T( w' _# D+ Z4 g1983 $208 $235 5.6% Jobless rate was 10.8%$ b- |, V* ^ v2 J
1984 $185 $195 4.5% Increased defense spending" z( F& j) B3 }# U
1985 $212 $256 4.8% Increased defense spending$ \, o' _0 g7 x K/ q, n0 a
1986 $221 $297 4.8% Tax cut
1 g; f. y1 Z' T/ ^) w, l1987 $150 $225 3.1% Market crash
k1 n4 \. g/ l1988 $155 $252 2.9% Fed raised rates6 c: B+ x, O+ Y6 B! r: U' K
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
- v, y' t# ? B9 r+ X+ s1990 $221 $376 3.7% Desert Storm+ {- i9 }8 O1 u7 ?
1991 $269 $432 4.3% Recession9 q: m+ k& N! P: V: d# |7 T
1992 $290 $399 4.4% Expansion
: o9 f+ I: w5 I5 u- n( D1993 $255 $347 3.7% Clinton signed Budget Act
( b5 v& `( g2 @/ t1994 $203 $281 2.8% Clinton budget
& Z/ f8 U5 H( Y) J$ i# u& ~# V( f1995 $164 $281 2.1% Expansion
6 z0 O2 f% v d. f, b1996 $107 $251 1.3% Welfare reform& _% P( c: m( g
1997 $22 $188 0.3% Expansion; d1 g, L" D) E" V' M
1998 ($69) $113 (0.8%) LTCM crisis, recession
/ @& [+ H h* }8 w8 K3 N1999 ($126) $130 (1.3%) Glass-Steagall repealed! i0 h) b% E) c9 M9 H7 o
2000 ($236) $18 (2.3%) Surplus
) i9 g- K; r& B* e# s' A \2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA0 @* x. g) o$ ~" }8 X: l
2002 $158 $421 1.4% War on Terror
4 \) ?6 O) y7 C! u6 V0 K2 {' J) q2003 $378 $555 3.3% JGTRRA; q* C9 P7 ~" a7 V! e% g; W. D0 W
2004 $413 $596 3.4% Iraq War
' z6 Z. [: v) h2005 $318 $554 2.4% Katrina, Bankruptcy Act; }% f0 @" F$ g& `
2006 $248 $578 1.8% Bernanke chairs Fed
+ v5 J$ {, a" p& ?( r' w2007 $161 $501 1.1% Bank crisis
: I% X8 `* k4 ]* h2 i7 R2008 $459 $1,017 3.1% Bank bailout, QE6 p# M) }& R' a# V4 S, d" a
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
& G# h3 e' J0 O4 t: U2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
k B& d2 o0 ?* n# @1 x, y8 [2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
; ?5 p3 z* ^% s2012 $1,087 $1,276 6.7% Fiscal cliff6 A. s1 K. S7 U0 q J& I: T9 q3 B
2013 $679 $672 4.0% Sequester, government shutdown
9 |! n# |( j3 X" G- @2 p2014 $485 $1,086 2.7% Debt ceiling
( D/ [# G5 n/ e7 [2015 $438 $327 2.4% Defense = $736.4B
7 V" s, r8 Y9 `( S" }2016 $585 $1,423 3.1% Defense = $767.6B
6 ~9 O/ e. d" m2 t2017 $665 $672 3.4% Defense = $817.9B
) W& X; A9 ^) b6 p2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
' ]: K6 X8 x) K2019 $1,091 $1,314 NA Defense = $956.5B
, ]! b9 w- G; r$ o- k2020 $1,101 $1,281 NA Defense = $989B+ }* k2 U' m: D7 T x' y5 g! _
2021 $1,068 $1,276 NA NA* ]$ c, d/ Z( g& W$ T
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