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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 7 w& R% u% \4 p+ b
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2020财年美国预算赤字预计为1.1万亿美元3 q: V3 M8 m5 H" v! c
* w8 u2 ]) [& P1 R$ C0 V: pThe 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., h0 w; [: y- t$ Z* V8 L( W9 z; _
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9 C2 i S, r% w3 \& W- n
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events9 f) E! h) h8 c6 e/ W
1929 ($1) ($1) (0.7%) Market crash* j+ A/ I2 I2 `4 z1 ^* X3 Y5 f* Q
1930 ($1) ($1) (0.8%) Smoot-Hawley
' v. N! P& Z# J5 _7 g! |1931 $0 $1 0.6% Dust Bowl
/ P+ f, h8 r( a$ e1 G1932 $3 $3 4.5% Hoover tax hike
' f5 |0 |$ p$ X i* r1933 $3 $3 4.5% FDR New Deal. G& i: b) v# Z; J6 ]& x$ Y
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
. l# n. f4 I/ A1935 $3 $2 3.8% Social Security9 J+ R }$ y" r
1936 $4 $5 5.1% Tax hikes+ _1 x# g5 B$ Z2 j$ s! T2 K
1937 $2 $3 2.4% Depression returned, third New Deal
+ R) o/ K8 x0 e( r+ X1938 $0 $1 0.1% Dust Bowl ended
5 v8 M h6 k5 c S$ ]8 [+ h! _1939 $3 $3 3.0% Depression ended
1 T. w+ x+ C8 {' C. O1940 $3 $3 2.8% Defense increased
5 g3 C! c+ `& U- S1941 $5 $6 3.8% Pearl Harbor
; }* x* O, U: ~1942 $21 $23 12.3% Battle of Midway* m: A/ d2 ?8 s/ y* x2 _- Z8 }
1943 $55 $64 26.9% Defense tripled
4 @7 C( x) p$ g2 Q9 l8 Y1944 $48 $64 21.2% Bretton Woods
; [2 R2 H4 _; G$ m* j1945 $48 $58 20.0% WWII ended9 z( {! D0 v8 w( o
1946 $16 $11 7.0% Recession) t2 m, W U# Y' N) d( U
1947 ($4) ($11) (1.6%) Cold War; S! l. a4 {2 C
1948 ($12) ($6) (4.2%) Recession1 a" z( G% m2 L( Q, F
1949 ($1) $0 (0.2%) Recession. X. D* Y6 u- N* T* H* A5 D, k
1950 $3 $5 1.0% Korean War
, j! X2 z- M* x, A1951 ($6) ($2) (1.7%) Expansion9 ?; D! b B/ P/ X1 \/ ]
1952 $2 $4 0.4% Expansion
! ~0 q, ~* b; p7 u5 H1953 $6 $7 1.7% Korean War ended, recession
! i5 f4 Z+ n8 R# J3 _ _6 L1954 $1 $5 0.3% Recession, Eisenhower budgets# k8 L3 l3 J4 P$ M. D6 o
1955 $3 $3 0.7% Expansion, b8 w+ X' Z ^- \3 N8 n. F. a
1956 ($4) ($2) (0.9%) Expansion
! H5 T3 f+ m. h5 ]( E8 h1957 ($3) ($2) (0.7%) Recession5 c( J5 ]2 G9 @0 j3 I
1958 $3 $6 0.6% Recession ended, M L/ Y5 ]7 M0 ~
1959 $13 $8 2.4% Fed raised rates
' o5 O# c0 E+ {4 z% p7 }- s1960 $0 $2 (0.1%) Recession0 A% B* D$ k, W$ G6 Y; d# e. I* t
1961 $3 $3 0.6% JFK & Bay of Pigs# A* ^/ f: U- a, T ]
1962 $7 $10 1.2% Cuban Missile Crisis
, s9 _. L* W9 W- j0 S; Q1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ T$ D7 n4 I1 n" R2 w+ b
1964 $6 $6 0.9% LBJ War on Poverty
( Z4 A- R. I6 I8 N! s% n1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
# N; _5 l* ]) Y" o7 k1966 $4 $3 0.5% % G' d' a: ^1 u3 E5 r- H6 T
1967 $9 $6 1.0% Expansion4 n, N- ]# p$ g0 ]8 U4 z4 x) K* `
1968 $25 $21 2.6% Moon landing/ r0 ?, t' k1 y+ J
1969 ($3) $6 (0.3%) Nixon took office
1 \ o. P) A6 i f5 k; l9 q1970 $3 $17 0.3% Recession
" G- {/ {- \# N8 j* ? B- }3 _1971 $23 $27 2.0% Wage-price controls% ?! A y+ X/ N! I9 M; l$ H$ G
1972 $23 $29 1.8% Stagflation
( Y7 l7 |+ T& ^0 q9 b i: S1973 $15 $31 1.0% End of gold standard I3 ]& |# X0 S2 R4 b2 F
1974 $6 $17 0.4% Budget process created, Watergate
4 e9 [* c: P0 F. x1975 $53 $58 3.1% Ford budget, Vietnam War ended7 J6 O/ u" z- t
1976 $74 $87 3.9% Stagflation; B3 {0 W0 z4 }/ ^8 _
1977 $54 $78 2.5% Stagflation
$ n; b, x% J( Z6 ] S# H1978 $59 $73 2.5% Carter budget, Recession4 @% K* o: P/ e3 A S$ ^; w
1979 $41 $55 1.5% Recession- C2 i) d6 G+ Y% l
1980 $74 $81 2.6% Volcker raised rates to 20%( {3 b! f! }6 h
1981 $79 $90 2.4% Reagan tax cut$ n) I0 x v3 T) [& k
1982 $128 $144 3.8% Reagan increased spending5 X- i% P) J3 a4 e. M7 |0 W0 D
1983 $208 $235 5.6% Jobless rate was 10.8%0 b+ @% Y8 ]# [4 F+ t% d
1984 $185 $195 4.5% Increased defense spending
5 [( I! e) V# v% ?+ v4 {1 a1985 $212 $256 4.8% Increased defense spending
, R* K' a0 c3 I0 m; B7 ]) J1986 $221 $297 4.8% Tax cut
8 p9 l8 ^5 W+ g9 B8 \1987 $150 $225 3.1% Market crash/ e. R2 [# x4 n% z0 v9 n; v
1988 $155 $252 2.9% Fed raised rates! w* G+ b1 v4 k# x
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget2 V" s7 Z7 m3 K
1990 $221 $376 3.7% Desert Storm
" R% r# \6 B( i1991 $269 $432 4.3% Recession
4 r, Z) d% W; m- |1992 $290 $399 4.4% Expansion
# {( ]+ ?' t* T, ?1993 $255 $347 3.7% Clinton signed Budget Act
' B0 ~& \. P. |, }1994 $203 $281 2.8% Clinton budget! k# k7 a6 ^3 J) ]# k
1995 $164 $281 2.1% Expansion- _2 u2 H6 Q: Q/ u' V" H% X) @( z
1996 $107 $251 1.3% Welfare reform' }% ^" }5 ?2 C
1997 $22 $188 0.3% Expansion* @' k2 L) S5 y6 F
1998 ($69) $113 (0.8%) LTCM crisis, recession
1 l7 A5 Q2 I" _* e7 S/ k1999 ($126) $130 (1.3%) Glass-Steagall repealed* _+ @6 T6 R5 N
2000 ($236) $18 (2.3%) Surplus
4 W5 g0 t5 v: @8 C+ j/ T2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA' f3 Y0 j6 h9 I: ]5 }
2002 $158 $421 1.4% War on Terror4 G" d5 F( w9 ^
2003 $378 $555 3.3% JGTRRA
1 a& i3 F; P; c; F @4 K+ m2004 $413 $596 3.4% Iraq War
4 k) _' X2 A' L Z1 Q2005 $318 $554 2.4% Katrina, Bankruptcy Act
& l. i R0 a4 {0 Q# r" j- ]2006 $248 $578 1.8% Bernanke chairs Fed
" g3 p, o& x- k; }- I1 d e6 U2007 $161 $501 1.1% Bank crisis
3 x" K. S, l1 x6 k" U1 t# j2008 $459 $1,017 3.1% Bank bailout, QE
7 Z5 @0 a- f+ s$ q& ~* U2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
. c, G+ B N h2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
5 y+ S9 \- f; y2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
6 e3 U6 o" `& f1 c2012 $1,087 $1,276 6.7% Fiscal cliff
! d& f) o; w6 D8 O( E2013 $679 $672 4.0% Sequester, government shutdown
& {# N) I1 w+ d Q5 s# |3 p- [( O2014 $485 $1,086 2.7% Debt ceiling
! @: ~; Q8 H. t9 d1 p2015 $438 $327 2.4% Defense = $736.4B; l( x# j" x* B2 } l) }
2016 $585 $1,423 3.1% Defense = $767.6B% [" e) b" L c9 |6 j
2017 $665 $672 3.4% Defense = $817.9B
! S4 b7 C6 T# |0 `$ ~2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
: e7 i/ L8 [& H" U+ r+ Y6 `2019 $1,091 $1,314 NA Defense = $956.5B
T: _. ^0 d! X9 `2020 $1,101 $1,281 NA Defense = $989B2 P9 P6 {1 e6 T6 V4 ~
2021 $1,068 $1,276 NA NA
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