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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 9 v4 B/ O* a" Z) k
9 A; a# m2 R) @6 p$ s2020财年美国预算赤字预计为1.1万亿美元+ I3 L% {% [* F- c2 L
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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 e* K/ u7 C9 L' A 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
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0 i: J8 p& @0 @% JFiscal Year Deficit (in billions) Debt Deficit/GDP Events
) L7 s" `: a1 y1 R$ J# Y1929 ($1) ($1) (0.7%) Market crash/ ^/ ~! h' e+ c( p! W
1930 ($1) ($1) (0.8%) Smoot-Hawley
$ x4 }* X# _' M9 v1931 $0 $1 0.6% Dust Bowl
8 |) z; Z$ r1 r/ a1932 $3 $3 4.5% Hoover tax hike8 Z8 l6 I/ Y7 e2 ]& B
1933 $3 $3 4.5% FDR New Deal* f$ V8 J- K: u/ C" ~ A+ M
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
4 ^# l- x; v0 a! n# k1935 $3 $2 3.8% Social Security' U% C- `3 Z6 I3 v2 m; v
1936 $4 $5 5.1% Tax hikes
9 g0 D% Y7 J% ^- B0 K u1937 $2 $3 2.4% Depression returned, third New Deal. K; i9 j) R1 K) c8 d
1938 $0 $1 0.1% Dust Bowl ended
J9 f. B- T+ F, e; M8 ]1939 $3 $3 3.0% Depression ended s v9 i5 ~& D( G) J
1940 $3 $3 2.8% Defense increased
) ?0 x5 v5 Q7 y# O. t8 w( X1941 $5 $6 3.8% Pearl Harbor( e F3 N& h; U* w( F( @! l) B
1942 $21 $23 12.3% Battle of Midway3 s# I8 X- B5 d8 R' p- o! N" g, G% |1 C
1943 $55 $64 26.9% Defense tripled5 k) J# J) F' P/ `+ O7 s
1944 $48 $64 21.2% Bretton Woods
* Y' M& [& `+ W( B1945 $48 $58 20.0% WWII ended' r7 N0 g: h! C2 R2 b3 Z
1946 $16 $11 7.0% Recession
# l G6 y5 `- i' p3 n4 ~1947 ($4) ($11) (1.6%) Cold War$ j# ?- H( V6 l& E5 D: c% T" _% P
1948 ($12) ($6) (4.2%) Recession1 T: v m1 Y8 j$ `
1949 ($1) $0 (0.2%) Recession+ X, w4 w' @! C; ]
1950 $3 $5 1.0% Korean War( }" n0 Z! C. ~+ U" X( x9 Q& ?- B) e
1951 ($6) ($2) (1.7%) Expansion0 i6 o+ Z/ d2 Z( _0 n8 A/ y8 n- f
1952 $2 $4 0.4% Expansion' R5 q: \6 s8 G3 H, F7 N
1953 $6 $7 1.7% Korean War ended, recession
& t" g1 E/ P' D1 ~. s9 u. ~* Z1954 $1 $5 0.3% Recession, Eisenhower budgets
4 t( M) w0 D7 _1955 $3 $3 0.7% Expansion
; R$ ^0 e7 V& Q* O( T+ R1956 ($4) ($2) (0.9%) Expansion: P6 m4 n( ?8 k8 J4 v
1957 ($3) ($2) (0.7%) Recession( W# d& N& L! j1 y5 o' j& C5 F
1958 $3 $6 0.6% Recession ended$ `9 D k& m) J, |- }$ u
1959 $13 $8 2.4% Fed raised rates9 S, r2 z* K$ A. f9 [3 L& O
1960 $0 $2 (0.1%) Recession
) \; J3 `" M+ J1961 $3 $3 0.6% JFK & Bay of Pigs2 L/ S5 i2 }; Y$ R
1962 $7 $10 1.2% Cuban Missile Crisis4 p }1 q3 V0 t/ U6 t8 E0 O
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed% y ? u+ K' T3 |' Q) o
1964 $6 $6 0.9% LBJ War on Poverty+ r! h" o" k+ P6 ]
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War- c# V z6 |% M
1966 $4 $3 0.5%
; Q9 `, V. P! y: U' c; {. m4 s1967 $9 $6 1.0% Expansion
8 z& h8 A: L1 ^7 Q1968 $25 $21 2.6% Moon landing
, U+ q7 [$ ?& o4 w2 s Y1969 ($3) $6 (0.3%) Nixon took office1 h9 k8 E* c* t6 k. \: t
1970 $3 $17 0.3% Recession3 [ B( l; a7 B7 e6 ^0 s
1971 $23 $27 2.0% Wage-price controls- P4 Z5 |, r* O/ O8 D0 H
1972 $23 $29 1.8% Stagflation' h& N6 l) M7 z
1973 $15 $31 1.0% End of gold standard
' n6 K% G1 j' ]1974 $6 $17 0.4% Budget process created, Watergate; x7 L a3 `( z' l
1975 $53 $58 3.1% Ford budget, Vietnam War ended
5 b d& j0 g" h' P- R; J1976 $74 $87 3.9% Stagflation
1 m: a- i1 c8 B' s, R1977 $54 $78 2.5% Stagflation, A* ?# S. ^4 k$ x
1978 $59 $73 2.5% Carter budget, Recession
+ Q3 t8 c' f; e; Z e1979 $41 $55 1.5% Recession
, n* B$ \' I! g! f1980 $74 $81 2.6% Volcker raised rates to 20%- p! W1 Q& l9 R9 W M1 J
1981 $79 $90 2.4% Reagan tax cut4 \( K, T0 z* J% y \
1982 $128 $144 3.8% Reagan increased spending
y, e( b1 C1 Z+ W# T1983 $208 $235 5.6% Jobless rate was 10.8%; {# w- U- S' K* `/ K( r7 S* ?
1984 $185 $195 4.5% Increased defense spending5 q! i. K) M- t' N8 p) F
1985 $212 $256 4.8% Increased defense spending0 ]1 k$ f' G! n# ^
1986 $221 $297 4.8% Tax cut
( r9 v9 h2 |8 T1987 $150 $225 3.1% Market crash
; s$ z, u8 u/ |; \1988 $155 $252 2.9% Fed raised rates
" G/ \9 Q0 ?' J& X. i: Q5 k1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
, W/ E6 L9 j: N6 Q1990 $221 $376 3.7% Desert Storm
# `" O( @$ s/ d) G' g6 R1991 $269 $432 4.3% Recession
5 v; u- d+ D/ m( A: a3 R1992 $290 $399 4.4% Expansion8 y+ d3 c' s/ D: \3 V+ W p p
1993 $255 $347 3.7% Clinton signed Budget Act* y" J H' g3 F6 f) y2 T9 E4 t' J
1994 $203 $281 2.8% Clinton budget/ ~$ M; F, |5 s
1995 $164 $281 2.1% Expansion
% r% u6 ~4 r0 c% \3 Y+ b1996 $107 $251 1.3% Welfare reform6 q0 q F( z% E8 H
1997 $22 $188 0.3% Expansion$ M9 K' B8 j, L) Z% N
1998 ($69) $113 (0.8%) LTCM crisis, recession1 l) s! U' G3 X* {
1999 ($126) $130 (1.3%) Glass-Steagall repealed
+ S. Y0 }5 C& o! J2000 ($236) $18 (2.3%) Surplus V/ C- l* q( ]: j1 f
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA8 {2 @8 D1 X; _" T' {2 p
2002 $158 $421 1.4% War on Terror
+ F. S$ {2 O# [% A9 q2003 $378 $555 3.3% JGTRRA# S' D' E: V- j5 I [# @( q
2004 $413 $596 3.4% Iraq War. c }4 S1 Z& K2 ~4 C3 |' t
2005 $318 $554 2.4% Katrina, Bankruptcy Act' H P+ k' I2 J/ J, x
2006 $248 $578 1.8% Bernanke chairs Fed
( j) ?2 s; L5 a2007 $161 $501 1.1% Bank crisis
5 o1 a: c8 N" s7 t, B2008 $459 $1,017 3.1% Bank bailout, QE
% e; O* O: `( h: k2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
3 Q# w$ q* ], d2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles( k6 B1 r$ ~$ T3 n6 k$ a
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue* y* a; f7 e$ a1 @ Q
2012 $1,087 $1,276 6.7% Fiscal cliff! N4 i- P& l' O# H I2 C, ?
2013 $679 $672 4.0% Sequester, government shutdown5 _' a5 x# q+ a+ \# d3 d
2014 $485 $1,086 2.7% Debt ceiling
9 N$ k( F, O0 d4 S# _& {5 G' R* W2015 $438 $327 2.4% Defense = $736.4B
7 E8 t6 V1 z3 c6 j$ s8 ^2016 $585 $1,423 3.1% Defense = $767.6B
, O$ p+ u8 u6 ^( F! }2 c2017 $665 $672 3.4% Defense = $817.9B
% S p. @- C6 M1 y: i7 w2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
0 l8 S6 f9 g; r A9 V* O4 H0 S2019 $1,091 $1,314 NA Defense = $956.5B. _3 }+ G# z& {
2020 $1,101 $1,281 NA Defense = $989B- _! _/ O) n' h
2021 $1,068 $1,276 NA NA
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