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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元1 {: l) |+ g5 M" s& p! C6 b4 H. h
" d- f7 ]* m1 v( VThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.9 i% F5 l' G8 y+ N& d, }
第一列表示会计年度，其次是该年度的赤字（十亿）。其次是财政年度的债务增加，其次是赤字/ GDP。最后，列举了影响赤字的事件0 w8 C3 _" `7 |. V$ v, @3 r+ R/ v
( d: T- \$ G( k gFiscal Year Deficit (in billions) Debt Deficit/GDP Events2 \* y. t# p1 n7 {
1929 ($1) ($1) (0.7%) Market crash
' Y5 ~+ t z) B/ w9 @- p1930 ($1) ($1) (0.8%) Smoot-Hawley
/ b( N7 C- h, N" b1931 $0 $1 0.6% Dust Bowl0 W- p* P& `3 \) [ k! K& o+ v
1932 $3 $3 4.5% Hoover tax hike4 U+ Z1 s1 T7 P1 D' J6 }
1933 $3 $3 4.5% FDR New Deal! r0 ]& _+ c$ b) ~. s
1934 $4 $5 5.4% GDP up 10.8%, debt also rose& y/ z8 W* E/ i, J" Y& z; {; `6 P
1935 $3 $2 3.8% Social Security
+ d9 i8 E# s6 O- H* O1936 $4 $5 5.1% Tax hikes
! w g& ^; u1 R9 |1937 $2 $3 2.4% Depression returned, third New Deal
% Z4 B; e9 Z( `/ @1938 $0 $1 0.1% Dust Bowl ended' k' k8 Q& | Y8 Y
1939 $3 $3 3.0% Depression ended/ p( l. u+ E) W) V1 `5 a( o0 q& }- y
1940 $3 $3 2.8% Defense increased
! r$ ~; p F! i7 `8 T4 V1941 $5 $6 3.8% Pearl Harbor
+ R y3 @0 O; o: V% s) j1942 $21 $23 12.3% Battle of Midway [9 y* A# S. S5 K+ ^" e4 u
1943 $55 $64 26.9% Defense tripled" {, |* f% q9 x5 J s* \# e; c
1944 $48 $64 21.2% Bretton Woods
% [6 b/ z @$ [$ n6 }: v. c1945 $48 $58 20.0% WWII ended5 r9 Z3 U5 v( l. K
1946 $16 $11 7.0% Recession
: M0 I. s1 R; G) ] Q. C0 A. i; j1947 ($4) ($11) (1.6%) Cold War" H/ h; }) b) }8 g: Q* o
1948 ($12) ($6) (4.2%) Recession$ Z; `# X/ z G% w
1949 ($1) $0 (0.2%) Recession
0 z% r6 c. a8 b4 g1 H$ N1950 $3 $5 1.0% Korean War& {* Z' ?- E) {5 P8 \) t- r* ^8 G# g4 |
1951 ($6) ($2) (1.7%) Expansion3 p( {7 T; H) k0 U9 Z+ S
1952 $2 $4 0.4% Expansion' X( Z o+ n4 b
1953 $6 $7 1.7% Korean War ended, recession4 K6 @# i3 R/ }- B" d4 R b! w
1954 $1 $5 0.3% Recession, Eisenhower budgets
( p2 n G% X5 R6 ]" P! S! w1955 $3 $3 0.7% Expansion( |& a: c, o) L ?+ s' i
1956 ($4) ($2) (0.9%) Expansion
4 j; X/ h R* R; i) H1957 ($3) ($2) (0.7%) Recession: K. ^/ z! y# H% [( x
1958 $3 $6 0.6% Recession ended
( b8 z% f( r3 u$ G/ n8 L* j$ `1959 $13 $8 2.4% Fed raised rates( L3 E% w+ g4 t! V) S) y g' R
1960 $0 $2 (0.1%) Recession
( R7 M* Z ]6 E+ ]1961 $3 $3 0.6% JFK & Bay of Pigs3 U; q, W! J( Z$ @3 m7 o
1962 $7 $10 1.2% Cuban Missile Crisis6 P& t2 _5 g& L m" y& C
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed, q! _! M B3 M9 C, U! E
1964 $6 $6 0.9% LBJ War on Poverty% o, k$ U: r3 T' [0 u4 g
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
1 k$ x9 A9 T* p5 F# E v5 u1966 $4 $3 0.5% " j+ a& `# K4 t" H8 O
1967 $9 $6 1.0% Expansion
3 Y6 F+ t$ l# y# s7 u( m5 z1968 $25 $21 2.6% Moon landing
6 O, v5 M2 ~7 O. B( {; P' u1969 ($3) $6 (0.3%) Nixon took office4 R; I, z6 l$ \9 O( C) ?$ ]% B" _7 k
1970 $3 $17 0.3% Recession
& b4 z" o4 q: ?6 m1971 $23 $27 2.0% Wage-price controls6 j, r' L' M6 j( d! s* ~5 ?
1972 $23 $29 1.8% Stagflation- ?$ o0 ?9 P2 R% i
1973 $15 $31 1.0% End of gold standard
8 w- i+ Q W; q! ?# V1974 $6 $17 0.4% Budget process created, Watergate
: x6 |. `( S7 ^" |9 `; X4 }% {: N1975 $53 $58 3.1% Ford budget, Vietnam War ended
' C& i' w% ^. V1976 $74 $87 3.9% Stagflation/ Q8 Y. h2 N# F8 V* d% V
1977 $54 $78 2.5% Stagflation
, F% f+ v9 C1 c7 g% D( I1978 $59 $73 2.5% Carter budget, Recession
+ _% R: V5 X+ I/ O% U1979 $41 $55 1.5% Recession
$ D9 P; p R; A$ Q- D1980 $74 $81 2.6% Volcker raised rates to 20%; m7 v; o" F6 p$ X7 Q( ~
1981 $79 $90 2.4% Reagan tax cut
5 m/ J' b6 o# |* ^+ ~2 [, O# j1982 $128 $144 3.8% Reagan increased spending
% o) E" v" l& ^1983 $208 $235 5.6% Jobless rate was 10.8%
4 R' `: {# w* e( H* C% X6 r1984 $185 $195 4.5% Increased defense spending
) X% Y) `" S: Y4 J- Q) i1985 $212 $256 4.8% Increased defense spending
% E8 X8 V. p! l! r& ~9 n F3 T1986 $221 $297 4.8% Tax cut
& @+ w A( G( b1987 $150 $225 3.1% Market crash
8 y7 i. B/ g# F ^) M* Q3 L1988 $155 $252 2.9% Fed raised rates
# I3 J7 F$ V7 V L/ g" B1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
# I; M: y6 R. Q( R S) C1 T$ M) N1990 $221 $376 3.7% Desert Storm# s+ l! O+ _5 h9 a/ H4 Y7 n1 F
1991 $269 $432 4.3% Recession; a2 Q/ U$ Y. F; J
1992 $290 $399 4.4% Expansion
5 N3 G5 y7 T9 }6 \2 u1993 $255 $347 3.7% Clinton signed Budget Act' Z& B: F9 ~* o' I# M
1994 $203 $281 2.8% Clinton budget$ E8 ?: ]& G& S
1995 $164 $281 2.1% Expansion
5 o& Z0 y) \" o1996 $107 $251 1.3% Welfare reform. K9 |3 A. k4 y+ t" ^
1997 $22 $188 0.3% Expansion
! y( w* B9 m( [4 ?' n+ p5 R1998 ($69) $113 (0.8%) LTCM crisis, recession
8 l/ K. y+ s! v: o o m1999 ($126) $130 (1.3%) Glass-Steagall repealed4 `- W( }' o" J' E. |
2000 ($236) $18 (2.3%) Surplus4 z: W$ G, C' w+ U3 ~
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA" O6 K4 v5 [# h
2002 $158 $421 1.4% War on Terror: K: q" B% F7 b, |& F4 S) H, @, f
2003 $378 $555 3.3% JGTRRA
0 B* [- D7 K1 D( V2004 $413 $596 3.4% Iraq War' h( u$ g: W2 M- O8 J9 y2 r1 N
2005 $318 $554 2.4% Katrina, Bankruptcy Act
2 T( g# O) r( x* I( g2006 $248 $578 1.8% Bernanke chairs Fed
0 h5 C* B* ?- j2 L2007 $161 $501 1.1% Bank crisis9 u) n! z% {2 P& z) U% L. H; r( ^
2008 $459 $1,017 3.1% Bank bailout, QE' {5 T4 R* v' s3 t
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
- b1 e- D) D" w! L2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
6 p1 \ ?! l$ w3 m8 V2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue& F2 `% r, X6 I& ?
2012 $1,087 $1,276 6.7% Fiscal cliff
% v" x+ X/ p. |% |2013 $679 $672 4.0% Sequester, government shutdown; |7 g! z0 B! F/ d) q0 `/ ~
2014 $485 $1,086 2.7% Debt ceiling
& l- d! S# [& i& }2015 $438 $327 2.4% Defense = $736.4B
. a) P1 G' H( Y. F6 D2016 $585 $1,423 3.1% Defense = $767.6B2 S. ^2 o2 ~0 b" v7 S7 Y
2017 $665 $672 3.4% Defense = $817.9B" @1 [8 Q( T u0 f& B
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
1 L0 n/ p; Y% U2 h+ K6 R+ k t2019 $1,091 $1,314 NA Defense = $956.5B
( t, Y$ D% e1 U$ M2020 $1,101 $1,281 NA Defense = $989B0 P9 O# u! Q, `' E( n
2021 $1,068 $1,276 NA NA
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