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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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- g) [) X" z5 y' l* z0 W2020财年美国预算赤字预计为1.1万亿美元' H" W7 c, q' ~+ W% w& U% R
% v! O9 D% l* p+ `The 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.
1 c2 }& l7 O4 ~5 D1 J- a0 v# {( f 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; z8 ^0 [/ k. [9 u" F
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events& _; Y) L# _0 g' m
1929 ($1) ($1) (0.7%) Market crash+ _ J$ K; ^, M" R: w
1930 ($1) ($1) (0.8%) Smoot-Hawley" ~* B# q8 _% h' c
1931 $0 $1 0.6% Dust Bowl
9 s9 d; s( q: X1932 $3 $3 4.5% Hoover tax hike
4 G2 K" q D& f- G" }1933 $3 $3 4.5% FDR New Deal
+ B2 H I! K5 }/ ^) k# b2 ?1934 $4 $5 5.4% GDP up 10.8%, debt also rose1 O# w3 A/ }+ f- o
1935 $3 $2 3.8% Social Security0 l# ^* z# D. s
1936 $4 $5 5.1% Tax hikes9 g5 f. g4 n' c1 Z
1937 $2 $3 2.4% Depression returned, third New Deal+ k8 s6 v3 T3 I
1938 $0 $1 0.1% Dust Bowl ended
$ P* u4 `# C7 m' b6 H1939 $3 $3 3.0% Depression ended
4 y! G: h) U6 T8 L# C1940 $3 $3 2.8% Defense increased
# p6 p9 }7 X d' j1941 $5 $6 3.8% Pearl Harbor( x6 O0 T+ B5 p; a' d4 V b: y% n
1942 $21 $23 12.3% Battle of Midway. |/ m! _- m2 M8 J
1943 $55 $64 26.9% Defense tripled
* m9 N( \0 K* d3 e1944 $48 $64 21.2% Bretton Woods
; i8 a; n- C2 T# E1945 $48 $58 20.0% WWII ended* D; I( ` U( l! d* b$ y
1946 $16 $11 7.0% Recession
8 X. P' f! n+ s9 G( P1947 ($4) ($11) (1.6%) Cold War
- k1 y* e; ]" \$ N1 F1948 ($12) ($6) (4.2%) Recession) N$ W8 d8 j9 p8 G% A
1949 ($1) $0 (0.2%) Recession
- S3 `% h& i8 ?+ E0 l1950 $3 $5 1.0% Korean War
8 O8 Y, Q) s" g4 W- p- h- o1951 ($6) ($2) (1.7%) Expansion: B3 {7 [! m/ ~9 y7 Z- b' ?" ]
1952 $2 $4 0.4% Expansion
; p' X% r3 z% l6 z6 c4 p8 ^+ t1953 $6 $7 1.7% Korean War ended, recession" j0 G) O: x3 ]+ l* b# o
1954 $1 $5 0.3% Recession, Eisenhower budgets6 }- ~9 _% g: o$ I d
1955 $3 $3 0.7% Expansion* o6 s/ K2 |; Q; M( |8 i1 d. B9 y
1956 ($4) ($2) (0.9%) Expansion7 \8 X5 s+ m( M. W& {
1957 ($3) ($2) (0.7%) Recession
8 P7 I/ Z+ F6 Y$ d1958 $3 $6 0.6% Recession ended
- }7 n# W& G' [# A9 X- r6 ~$ d1959 $13 $8 2.4% Fed raised rates
$ Q& B6 l6 J9 \5 @6 ^& f1960 $0 $2 (0.1%) Recession A' I# T2 q7 v; T2 P8 \
1961 $3 $3 0.6% JFK & Bay of Pigs: p1 l1 D2 K$ q
1962 $7 $10 1.2% Cuban Missile Crisis
2 K- e4 K. ?& W7 _( G1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed" C9 a* ?3 B& r6 I& [ Z0 ~ x- Y/ l
1964 $6 $6 0.9% LBJ War on Poverty0 @* a! \! D! Y: L. p
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
' Y, A! e+ R$ M1966 $4 $3 0.5%
/ l/ F, h. ] h1 h1 U8 K: A1967 $9 $6 1.0% Expansion
% n8 \1 B) n8 L" s8 q2 t3 e1968 $25 $21 2.6% Moon landing6 [4 w! l! I) l! c& w$ f, Z
1969 ($3) $6 (0.3%) Nixon took office1 n- {( }. U q
1970 $3 $17 0.3% Recession
: G( y) K) g) D+ X4 F1 o1971 $23 $27 2.0% Wage-price controls7 v. V h: u" Z- w+ S
1972 $23 $29 1.8% Stagflation, f5 R0 B3 C7 ?; S
1973 $15 $31 1.0% End of gold standard
$ [5 s' v% j/ n. E5 R: [8 m1974 $6 $17 0.4% Budget process created, Watergate& Z' A3 A, Y- K% ]
1975 $53 $58 3.1% Ford budget, Vietnam War ended7 n$ y* b0 Z' B4 f' K# s5 z
1976 $74 $87 3.9% Stagflation
( V7 [0 s& f8 q1977 $54 $78 2.5% Stagflation
/ `/ v# s8 H e. J1978 $59 $73 2.5% Carter budget, Recession
7 `* m0 h7 U* R5 F2 t1979 $41 $55 1.5% Recession
0 H5 Q8 q' t" j A# C8 k7 k1980 $74 $81 2.6% Volcker raised rates to 20%5 ]' X9 @0 X" B- U& O/ K
1981 $79 $90 2.4% Reagan tax cut, b2 L9 j+ \+ Q! n- b
1982 $128 $144 3.8% Reagan increased spending
6 t$ Z, v6 [- V1 ?2 T. C( J1983 $208 $235 5.6% Jobless rate was 10.8%
6 q4 ~9 i9 T# F, ]0 t' U6 D1984 $185 $195 4.5% Increased defense spending
% t, z$ D7 |9 y4 I! K* q5 I. k C1985 $212 $256 4.8% Increased defense spending9 N9 i/ t/ m. V+ \( s6 [
1986 $221 $297 4.8% Tax cut, N% R5 }" }: t2 {8 t
1987 $150 $225 3.1% Market crash* y2 |. U; i8 m
1988 $155 $252 2.9% Fed raised rates6 c& r3 z1 I! v; q$ f4 w
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget/ S M# n' F: ]8 d" R
1990 $221 $376 3.7% Desert Storm
4 C6 f, N5 Z& D' N; \9 b1991 $269 $432 4.3% Recession
3 E$ Q A/ |/ c4 k8 Z# C1992 $290 $399 4.4% Expansion
1 u, z% \! X2 F/ v' F' A3 w1993 $255 $347 3.7% Clinton signed Budget Act: Z* ^6 m& _' \, D4 g7 u! E# ?! M
1994 $203 $281 2.8% Clinton budget V3 U# V- ?, C1 m
1995 $164 $281 2.1% Expansion
% @. f& |/ Q$ F1 x3 P: ~0 G$ s1996 $107 $251 1.3% Welfare reform7 _' j. H8 `' d3 P' e
1997 $22 $188 0.3% Expansion& H+ K2 e* @! j0 z
1998 ($69) $113 (0.8%) LTCM crisis, recession
2 F3 P2 s5 k1 C& m" V1999 ($126) $130 (1.3%) Glass-Steagall repealed8 u/ h! c% w& H9 d+ `
2000 ($236) $18 (2.3%) Surplus
. d1 z/ [8 v8 G( |4 ~2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA1 h* R: {' V, C+ I. b
2002 $158 $421 1.4% War on Terror. v. I: U1 x! W
2003 $378 $555 3.3% JGTRRA& l# k: q5 K! u0 z; \
2004 $413 $596 3.4% Iraq War# w# I7 s! b1 O2 T9 Z/ @
2005 $318 $554 2.4% Katrina, Bankruptcy Act4 S0 U/ h8 w& Z
2006 $248 $578 1.8% Bernanke chairs Fed
) o4 b, D P: `, y1 T( s/ u) L% Y2007 $161 $501 1.1% Bank crisis/ `/ ^& s- R: r, _ |
2008 $459 $1,017 3.1% Bank bailout, QE
2 P+ H1 }8 q; { q1 Q2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B9 Z+ Z0 y+ H$ @
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles4 y2 ?+ @; J' R v
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
4 Q: S3 \+ ]1 N" {2012 $1,087 $1,276 6.7% Fiscal cliff. u* ~4 l7 Y5 g- s: P+ J
2013 $679 $672 4.0% Sequester, government shutdown
! k! ^: \0 Z& q2 e' i5 [- y2014 $485 $1,086 2.7% Debt ceiling2 W+ b) y- \* z" s& d8 Q7 p1 u b" F
2015 $438 $327 2.4% Defense = $736.4B" l* h! G P/ N3 m6 ]; B% _
2016 $585 $1,423 3.1% Defense = $767.6B; g( X# c* G$ K
2017 $665 $672 3.4% Defense = $817.9B3 Q- L" `6 |) s1 f- g6 n5 b
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts* Y- G; W+ c2 v: b6 s3 |) p
2019 $1,091 $1,314 NA Defense = $956.5B4 L' z; c( S1 j3 U
2020 $1,101 $1,281 NA Defense = $989B
4 a! _7 x7 }: h# Y2021 $1,068 $1,276 NA NA: v, U8 q' h% H( o" J
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