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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ! S7 ]6 _- ~. \8 [$ K! I, {
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2020财年美国预算赤字预计为1.1万亿美元' B4 J* b5 W% f% t
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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.0 w3 `6 q( {: q; a" I4 ?' C
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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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events: t" v+ Q" m S' g: B) U! b/ N
1929 ($1) ($1) (0.7%) Market crash
2 q% B- Z8 A7 U1930 ($1) ($1) (0.8%) Smoot-Hawley
/ i, R1 {% w- ~; b& i2 z* |1931 $0 $1 0.6% Dust Bowl0 C- ?6 G6 D g8 ~9 E; s5 r
1932 $3 $3 4.5% Hoover tax hike
( Y4 r( t3 }3 K7 l( A1933 $3 $3 4.5% FDR New Deal
, U1 v3 H: y6 |$ E1934 $4 $5 5.4% GDP up 10.8%, debt also rose
( Z. g6 s! {2 F; k7 L# `0 M1935 $3 $2 3.8% Social Security
_8 R4 F. k( L' R1936 $4 $5 5.1% Tax hikes
! Z4 Y' L8 K* O% K, }, P- R1 X; L3 G1937 $2 $3 2.4% Depression returned, third New Deal
& p# Q% j$ H% d' W1938 $0 $1 0.1% Dust Bowl ended
O# S/ o1 U! I# p: P& Y1939 $3 $3 3.0% Depression ended: Z9 m- @- ]9 d) W$ D+ `8 ~: {
1940 $3 $3 2.8% Defense increased# d! p$ S/ G* L; L: K: P
1941 $5 $6 3.8% Pearl Harbor. u1 l, N$ l/ `6 ?& S) D
1942 $21 $23 12.3% Battle of Midway5 B4 L' G% a+ w9 g4 ^6 K N
1943 $55 $64 26.9% Defense tripled
8 B! X' j" V. I# q% j5 F$ q8 Z$ k1944 $48 $64 21.2% Bretton Woods
+ v, N6 Y+ |. z4 \" X( i1945 $48 $58 20.0% WWII ended
" F' w0 z% X( p! D1946 $16 $11 7.0% Recession3 h0 p' S. U" @' ^" v
1947 ($4) ($11) (1.6%) Cold War
( r5 `: P( ?8 p8 m1948 ($12) ($6) (4.2%) Recession- d# E" }; p( R7 a2 g) m6 W4 ]8 c! B
1949 ($1) $0 (0.2%) Recession) _9 S7 Z; }) v, y' Y7 j
1950 $3 $5 1.0% Korean War! [: t" [1 R8 y& Y
1951 ($6) ($2) (1.7%) Expansion
8 C7 d" Q1 y/ ^3 f8 M6 r" Z2 C5 n1952 $2 $4 0.4% Expansion! ?, |0 }. J* o+ b+ ^
1953 $6 $7 1.7% Korean War ended, recession
3 q7 R, { U/ H8 m' E$ ]6 x6 o" K5 Z1954 $1 $5 0.3% Recession, Eisenhower budgets
+ A! c/ z$ {7 }4 W5 \" R1955 $3 $3 0.7% Expansion; V! c% U% N4 s% v V
1956 ($4) ($2) (0.9%) Expansion
, N/ {+ ^& [* _" E$ F j1957 ($3) ($2) (0.7%) Recession
" {& ^; `" e/ W; ]1958 $3 $6 0.6% Recession ended
& D; T H9 d1 D$ j$ L: K3 b1959 $13 $8 2.4% Fed raised rates$ v9 [6 k& Q5 i& w, ^$ X7 u! Z
1960 $0 $2 (0.1%) Recession* c" k5 k) \% Z9 r* ?
1961 $3 $3 0.6% JFK & Bay of Pigs j2 q0 E6 S0 W' C9 x
1962 $7 $10 1.2% Cuban Missile Crisis
& f- u& k, o! F1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed4 j0 M& }* D( K
1964 $6 $6 0.9% LBJ War on Poverty
/ s. ~7 e. G% a3 z( N! S* \1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War5 p4 X( ^& L, l3 u$ q5 f5 y6 g A) _$ }" g
1966 $4 $3 0.5% / d, ?1 T p: b6 `" f) C' k
1967 $9 $6 1.0% Expansion( K( }: Q( D9 @3 ?
1968 $25 $21 2.6% Moon landing
- ~' F% @ T/ I9 `. ^* p0 i9 ~' p1969 ($3) $6 (0.3%) Nixon took office
1 N0 s/ h8 y( U5 [1970 $3 $17 0.3% Recession8 a! Z$ w2 I# j, O5 [
1971 $23 $27 2.0% Wage-price controls h% c M) q, E+ d9 \5 O
1972 $23 $29 1.8% Stagflation) U2 r7 I" n# ]3 Y
1973 $15 $31 1.0% End of gold standard9 k( ]5 l: G! _3 z' |0 I9 ~, }& i
1974 $6 $17 0.4% Budget process created, Watergate
3 ]9 V9 w/ v+ J2 y: {1 w1975 $53 $58 3.1% Ford budget, Vietnam War ended7 T$ @+ N- n3 j, @
1976 $74 $87 3.9% Stagflation
" D) D7 S) i3 F1977 $54 $78 2.5% Stagflation7 _0 r7 o' y) `0 ~6 j7 Z/ a9 a) j
1978 $59 $73 2.5% Carter budget, Recession
( F# j: s* R3 ?/ R* g* E1979 $41 $55 1.5% Recession
$ X; R( A; N; I( C1980 $74 $81 2.6% Volcker raised rates to 20%
& `" {# e1 d- D. l# h4 {1981 $79 $90 2.4% Reagan tax cut( S* O+ W" g! K7 h0 l9 k5 o) ?
1982 $128 $144 3.8% Reagan increased spending; _9 ?$ c& y0 I+ v9 G/ v
1983 $208 $235 5.6% Jobless rate was 10.8%
. C: I k8 s, d" r1984 $185 $195 4.5% Increased defense spending' c9 Z3 u" ]/ H) x2 ^0 Q/ U% [* h
1985 $212 $256 4.8% Increased defense spending
2 c8 K2 I2 K& m' ?1986 $221 $297 4.8% Tax cut
2 M8 R4 t) l, m0 {$ t, Y3 T9 u1987 $150 $225 3.1% Market crash
3 b* b5 j, _9 @. b1 |* [1988 $155 $252 2.9% Fed raised rates
2 P! h# @0 S- b1989 $153 $255 2.7% S&L Crisis, Bush 41 budget' h% x! @; o, t3 r$ \: W" r) X
1990 $221 $376 3.7% Desert Storm! M0 _/ W: N8 n+ H) Q4 x
1991 $269 $432 4.3% Recession
6 `# {- Y0 d1 D4 @1 o8 J) J1992 $290 $399 4.4% Expansion
7 H/ O! P( u3 ~1 d1 m: A1993 $255 $347 3.7% Clinton signed Budget Act. k3 ~9 C; I: P4 _7 s
1994 $203 $281 2.8% Clinton budget
3 D/ {" d+ w5 l& K5 w1995 $164 $281 2.1% Expansion8 @+ s7 C( M" V- x# W* h& H1 f4 Q
1996 $107 $251 1.3% Welfare reform
3 C3 ^7 ^* O) G1997 $22 $188 0.3% Expansion" {1 L8 r7 n; _* n5 C9 c v
1998 ($69) $113 (0.8%) LTCM crisis, recession
7 e: ^' r6 T" s+ @: p/ e1999 ($126) $130 (1.3%) Glass-Steagall repealed' q8 T. |2 f0 |0 x m: O
2000 ($236) $18 (2.3%) Surplus
+ [( ^# W& ^( a$ L' l2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA3 d' a3 b& a) |% O
2002 $158 $421 1.4% War on Terror1 k9 o/ w2 q6 R* |. k$ R
2003 $378 $555 3.3% JGTRRA
) E$ h6 m5 [) y/ y( s2004 $413 $596 3.4% Iraq War7 `2 g% `% _4 c: B) E" w
2005 $318 $554 2.4% Katrina, Bankruptcy Act
* P+ k, B3 x! @: r2006 $248 $578 1.8% Bernanke chairs Fed
6 q) ^: H8 U* F! ?$ z" z( ^2007 $161 $501 1.1% Bank crisis) Q. L1 v9 B2 S4 R% j
2008 $459 $1,017 3.1% Bank bailout, QE0 }) X: Y$ l0 b' g ?& T, d# J" R
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B5 z# q' |* p& }
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles9 k/ L2 H% X) Q4 @; c
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
6 X/ S1 j5 J: `3 S. x5 O2012 $1,087 $1,276 6.7% Fiscal cliff, C" m# N7 W3 m- }; G
2013 $679 $672 4.0% Sequester, government shutdown
- J7 t2 ^3 h% B3 o& N) i2014 $485 $1,086 2.7% Debt ceiling
. t4 `' y( Y! g, H1 j) z2015 $438 $327 2.4% Defense = $736.4B
1 T6 m' P- c6 Z" z- Z2016 $585 $1,423 3.1% Defense = $767.6B% T- m# H5 a# B2 L/ }
2017 $665 $672 3.4% Defense = $817.9B; X4 p8 }. d4 }% v1 j
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
: ~: ?+ c* a: Z2019 $1,091 $1,314 NA Defense = $956.5B
% r% l9 Z8 L8 I; U: v2020 $1,101 $1,281 NA Defense = $989B
0 s: m" j9 T$ x! t: n: k9 z: _2021 $1,068 $1,276 NA NA7 C I) J4 n5 k
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