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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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- q, O# a' L, m/ {0 [! XThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
" _; u% b" D0 e. L; F* j* X 第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件6 k) f V9 T$ J o
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
( m8 y; Y, v# ?# H9 j. x5 g1929 ($1) ($1) (0.7%) Market crash* Q( g4 b! g: T: c
1930 ($1) ($1) (0.8%) Smoot-Hawley
" D6 Q$ I) Z4 F! E4 a$ E1931 $0 $1 0.6% Dust Bowl4 J$ E) ?6 @3 m
1932 $3 $3 4.5% Hoover tax hike
3 v h, }/ y( [: c1933 $3 $3 4.5% FDR New Deal
2 R: _8 y0 M% R# K1934 $4 $5 5.4% GDP up 10.8%, debt also rose/ V% `! n0 {: o" F5 v. `; F8 S
1935 $3 $2 3.8% Social Security
) @. f0 p8 O! c+ C1936 $4 $5 5.1% Tax hikes
$ {$ F- T/ |* B9 }, x1937 $2 $3 2.4% Depression returned, third New Deal' } N1 ^) I6 c# t$ a4 @
1938 $0 $1 0.1% Dust Bowl ended8 z3 Q! P4 U) ?
1939 $3 $3 3.0% Depression ended
0 u7 D! ~& H2 v' t1940 $3 $3 2.8% Defense increased: m, R4 r7 q% K( w5 S7 Q# m. F+ u
1941 $5 $6 3.8% Pearl Harbor& {! n! N. i. S/ s3 f8 l
1942 $21 $23 12.3% Battle of Midway- b' U$ _$ [6 H3 b5 B
1943 $55 $64 26.9% Defense tripled
5 S! ?* O. ?% j8 p1944 $48 $64 21.2% Bretton Woods
3 a5 z m/ n5 S* |1945 $48 $58 20.0% WWII ended
& u2 u, s5 l: N! _% w2 S) Z* F1946 $16 $11 7.0% Recession6 c7 o/ f- B) E; Y& [
1947 ($4) ($11) (1.6%) Cold War7 h( `5 J& @# S
1948 ($12) ($6) (4.2%) Recession
( C% p6 K' R% a1949 ($1) $0 (0.2%) Recession
9 ~' B( Z, l8 o% V1950 $3 $5 1.0% Korean War% [4 F" P# c. A7 b% @$ I
1951 ($6) ($2) (1.7%) Expansion0 s! n1 C6 n! B) M2 Y
1952 $2 $4 0.4% Expansion/ r% |, Y- j# |8 v5 j/ J
1953 $6 $7 1.7% Korean War ended, recession
% J" J# ^/ m/ e1954 $1 $5 0.3% Recession, Eisenhower budgets
3 C" ?" D( F1 [/ l' V* F1955 $3 $3 0.7% Expansion2 g' z" P/ b4 ]% X' Z
1956 ($4) ($2) (0.9%) Expansion
4 s6 O, w& v8 O/ ^) E# D1957 ($3) ($2) (0.7%) Recession# S* e4 J/ q* v! o
1958 $3 $6 0.6% Recession ended
# Y& a. E+ g6 G1959 $13 $8 2.4% Fed raised rates5 Z2 W- @; @5 A; S, c: m+ \
1960 $0 $2 (0.1%) Recession
1 A. q+ X7 I* T/ l" }: e1961 $3 $3 0.6% JFK & Bay of Pigs! m8 z% F8 T- h& c7 n( G9 a7 D
1962 $7 $10 1.2% Cuban Missile Crisis
2 Z0 k* y; ?2 |2 b7 Q+ _1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed0 o9 e' k' `) h2 c, h! P
1964 $6 $6 0.9% LBJ War on Poverty( \9 e: n$ a2 K' V0 X9 z( C$ b
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
$ G8 C3 n* `$ p" u, j) i1966 $4 $3 0.5% " F* q/ e( c: a3 Y' U! A* I
1967 $9 $6 1.0% Expansion
7 T( S3 J) s/ d( u' O1968 $25 $21 2.6% Moon landing# w( Q l$ r+ ?2 L+ P; M
1969 ($3) $6 (0.3%) Nixon took office) k3 K1 a+ M/ Z4 L/ v4 c' T' F5 y
1970 $3 $17 0.3% Recession3 \. m; M' w) c5 B4 Q. n" u
1971 $23 $27 2.0% Wage-price controls- d( r1 k( M3 g6 U& a/ U" L0 h
1972 $23 $29 1.8% Stagflation. p. F" k' }7 {0 x- b, a3 e8 ~: q
1973 $15 $31 1.0% End of gold standard% W2 q, o" R. p% b y
1974 $6 $17 0.4% Budget process created, Watergate
5 G. w& t7 b, r3 A z9 V: }0 v3 v1975 $53 $58 3.1% Ford budget, Vietnam War ended
- n1 E I& R0 e; b! q6 g3 f1976 $74 $87 3.9% Stagflation
' y5 q9 C6 B+ P+ ^7 L1977 $54 $78 2.5% Stagflation
! \# I) L& ]1 B1978 $59 $73 2.5% Carter budget, Recession! S/ J; d/ n5 j, ~" E$ ]
1979 $41 $55 1.5% Recession: V# U( Z5 A3 C! h2 l1 V
1980 $74 $81 2.6% Volcker raised rates to 20%
4 J- }6 E2 Q; ?5 ] P1981 $79 $90 2.4% Reagan tax cut
u3 R6 u3 q, `1 d9 y& L1982 $128 $144 3.8% Reagan increased spending7 k4 K: s# e7 E h5 p4 ^
1983 $208 $235 5.6% Jobless rate was 10.8%
- v) s$ M2 e& E \+ ]1984 $185 $195 4.5% Increased defense spending& v: o. U2 F/ G% B* Y; I
1985 $212 $256 4.8% Increased defense spending! Y/ d' o7 r4 h+ s- o
1986 $221 $297 4.8% Tax cut& x$ T4 c) ?6 @+ S4 R6 K
1987 $150 $225 3.1% Market crash, a; l3 `0 M, n5 f# K
1988 $155 $252 2.9% Fed raised rates% a& A) E& W" N" G% N
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget# G/ t, v6 P& y" U4 Z
1990 $221 $376 3.7% Desert Storm
' w; Y3 F9 x7 h: x* B' y+ F# b1991 $269 $432 4.3% Recession
* o) M1 t$ n, s, C$ z1992 $290 $399 4.4% Expansion) \. n2 Z* O# b' b6 l
1993 $255 $347 3.7% Clinton signed Budget Act
' W7 l) l9 V! |1994 $203 $281 2.8% Clinton budget
3 F U) C1 k) ~( v" b y, P% G1995 $164 $281 2.1% Expansion
$ v P% I- `4 P1996 $107 $251 1.3% Welfare reform' J6 a$ U' j7 v0 f) \0 U
1997 $22 $188 0.3% Expansion
2 p! a9 y0 z$ v6 A: ?1998 ($69) $113 (0.8%) LTCM crisis, recession
# y/ c3 o1 j1 e$ r0 F# ]' t4 e1999 ($126) $130 (1.3%) Glass-Steagall repealed
: P+ g6 ~# U% `4 ^$ i6 |$ @0 u2000 ($236) $18 (2.3%) Surplus
! M4 _. i2 k) A9 U. ~: V+ ]! M; x2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA, V- r" F% \8 V% d a: `6 L4 x
2002 $158 $421 1.4% War on Terror% A* t, B2 C) z( X/ }. P) R7 n
2003 $378 $555 3.3% JGTRRA$ a. {: ^9 ~0 d& _6 Q; c4 P. m
2004 $413 $596 3.4% Iraq War6 F1 f$ v6 A, Z" ~/ n5 d
2005 $318 $554 2.4% Katrina, Bankruptcy Act; \+ g' Z5 _4 v7 t! k
2006 $248 $578 1.8% Bernanke chairs Fed
# ]! T: O3 @1 L% J2007 $161 $501 1.1% Bank crisis4 U$ Q3 V- {8 }0 U: [) R7 ?0 B7 n3 G
2008 $459 $1,017 3.1% Bank bailout, QE
. U% p0 W% U" _: c. Z V2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B) F8 W# P$ o7 u, d4 D8 W+ K: Q
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles4 r- t6 h3 U& J' z
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue8 `1 i% c- e. i! t3 h2 `: |
2012 $1,087 $1,276 6.7% Fiscal cliff3 y/ [, t& N- q7 X/ ~0 Z1 n& }
2013 $679 $672 4.0% Sequester, government shutdown! ]- R9 e9 Z6 w. |9 H+ Q3 |+ X* D
2014 $485 $1,086 2.7% Debt ceiling
6 X/ c* [: K' _8 A7 D6 x& j0 N7 v2015 $438 $327 2.4% Defense = $736.4B( \/ W! w; e& Y+ [4 h6 K
2016 $585 $1,423 3.1% Defense = $767.6B: t0 q1 c, L# S
2017 $665 $672 3.4% Defense = $817.9B* y. |( h, s7 W, k( d) y
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts" y" W P: P* h; f* r6 `
2019 $1,091 $1,314 NA Defense = $956.5B1 \! G" G7 U$ {) h: @$ t c2 E/ R
2020 $1,101 $1,281 NA Defense = $989B
" d6 c, g7 X8 |9 ]5 l& L p; l* @2021 $1,068 $1,276 NA NA7 g9 R. Z1 W1 X4 u# A5 K
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