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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 9 U( R$ f4 I8 q# |2 `/ B7 V
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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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2 o3 Y% K/ c4 e/ [$ `+ y5 ZThe 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.$ ]. I: R5 O7 ?4 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
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
3 d! D. F0 ?3 G) x- L( O8 k1929 ($1) ($1) (0.7%) Market crash/ W, M* z# C0 w$ J* @ }
1930 ($1) ($1) (0.8%) Smoot-Hawley/ w% t9 A2 P$ n+ v2 L
1931 $0 $1 0.6% Dust Bowl8 [: |" a0 f0 l9 k
1932 $3 $3 4.5% Hoover tax hike
& D& y: \- t5 [( \+ s1933 $3 $3 4.5% FDR New Deal7 J8 R2 W( m, j' x) }
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
+ ?% l2 E( L, j: R1935 $3 $2 3.8% Social Security% ~2 `$ x) @( H* q& x6 t
1936 $4 $5 5.1% Tax hikes
8 W! Y1 h) R! a/ `1937 $2 $3 2.4% Depression returned, third New Deal$ K& l$ V8 z7 i3 h
1938 $0 $1 0.1% Dust Bowl ended/ @$ R& D2 g1 I4 V# u+ J: A
1939 $3 $3 3.0% Depression ended! m) y% P" Y4 k4 J# h) R
1940 $3 $3 2.8% Defense increased, N% P' x$ d* u4 g
1941 $5 $6 3.8% Pearl Harbor0 M1 s5 w$ G7 p9 \
1942 $21 $23 12.3% Battle of Midway
5 c" |7 e+ i6 W: B+ t/ |1 ]# i1943 $55 $64 26.9% Defense tripled
; n8 B' [- m8 f1944 $48 $64 21.2% Bretton Woods
5 I) J- y2 H) i! r+ Y1 t1 g, O" ]1945 $48 $58 20.0% WWII ended4 M: Y/ G. v. a M0 G3 L5 h; a# x* o7 B
1946 $16 $11 7.0% Recession
) _) x* s; I& t1947 ($4) ($11) (1.6%) Cold War
5 ?( T6 m- I6 |4 a1948 ($12) ($6) (4.2%) Recession1 G- _9 N& `# T) n: {6 @" g
1949 ($1) $0 (0.2%) Recession& o& c0 x: b" X" S7 z7 x
1950 $3 $5 1.0% Korean War# Q0 B. Q& w6 D" V( s8 ?; ]6 O5 k
1951 ($6) ($2) (1.7%) Expansion
/ m: A/ G# J" i1952 $2 $4 0.4% Expansion
\. `( l/ V6 T+ \! x1953 $6 $7 1.7% Korean War ended, recession
8 y' M. p9 E! M5 h3 U1954 $1 $5 0.3% Recession, Eisenhower budgets
0 t- _( M: `3 \. s1955 $3 $3 0.7% Expansion* o% v* G1 h* R% g
1956 ($4) ($2) (0.9%) Expansion7 Y% F: m b5 w# h! t0 j
1957 ($3) ($2) (0.7%) Recession
+ u. {& q# u& F1958 $3 $6 0.6% Recession ended
. E9 Q! r! g- ]- N5 L0 X6 l1959 $13 $8 2.4% Fed raised rates3 \$ N0 y& N8 `0 |) r: k
1960 $0 $2 (0.1%) Recession
- i D$ v. G, T; _' F, o" k$ ]1961 $3 $3 0.6% JFK & Bay of Pigs$ W0 ^: ^$ M }7 @; z
1962 $7 $10 1.2% Cuban Missile Crisis
, ^! U1 M! ~) A% e7 F2 x: u2 I1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
7 e( c8 }+ Y/ }; k+ W& G& c1964 $6 $6 0.9% LBJ War on Poverty
2 j8 m! j L) r! W2 k4 @+ u: S1 L1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
& Q; O- W0 O9 A& N! }- G; }% y, w; r1966 $4 $3 0.5% u" P1 ~# O2 V! w& v$ ~
1967 $9 $6 1.0% Expansion
?+ M' \/ Z9 T, R6 h, B1968 $25 $21 2.6% Moon landing3 C! r( [$ m/ F5 \
1969 ($3) $6 (0.3%) Nixon took office n% Y! k, |- w9 b) S& p( e
1970 $3 $17 0.3% Recession- ], v& t+ o* A. A$ G
1971 $23 $27 2.0% Wage-price controls( B) g9 M; }) x4 V* I$ q
1972 $23 $29 1.8% Stagflation! f/ Y% h% X' n7 P7 x
1973 $15 $31 1.0% End of gold standard
3 X( h& j% x* H7 z1974 $6 $17 0.4% Budget process created, Watergate
) z& B. n- Q" F+ b0 {2 K% h. ^* P1975 $53 $58 3.1% Ford budget, Vietnam War ended) r3 ^* K0 E$ U$ B' _6 ?' n
1976 $74 $87 3.9% Stagflation6 r% Q8 n# c) S# t
1977 $54 $78 2.5% Stagflation
& o( W$ v) L; ?1978 $59 $73 2.5% Carter budget, Recession
1 f7 l2 J6 `% A. _; t. T. _: _1979 $41 $55 1.5% Recession4 A( F% G l5 E1 [ G2 ?1 t1 p; d
1980 $74 $81 2.6% Volcker raised rates to 20%0 T" @1 Y6 G5 W/ D/ l0 s8 x6 J/ S5 Z8 Z
1981 $79 $90 2.4% Reagan tax cut
# M$ V; u+ ^) T' z! o$ j1982 $128 $144 3.8% Reagan increased spending
2 M6 _# g+ q$ a9 w1983 $208 $235 5.6% Jobless rate was 10.8%4 x5 r5 n$ ]; u
1984 $185 $195 4.5% Increased defense spending
5 j- @9 N' n, s9 G o) _+ I6 x1985 $212 $256 4.8% Increased defense spending% v+ i: f& R; c
1986 $221 $297 4.8% Tax cut7 J$ M8 P2 t1 i1 M
1987 $150 $225 3.1% Market crash
0 u6 f/ f/ n, \6 p4 J& t+ i1988 $155 $252 2.9% Fed raised rates1 E3 ] `% h/ s1 C3 U. F
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
4 e3 u6 \2 }+ n7 y' ?8 G: l9 V1990 $221 $376 3.7% Desert Storm
# l1 O" I% n8 z1991 $269 $432 4.3% Recession
' y- |+ C- G) r; {5 r8 I( Z& [) D1992 $290 $399 4.4% Expansion7 z5 G9 o- X$ i+ n$ d
1993 $255 $347 3.7% Clinton signed Budget Act
5 q7 V% O, U1 m8 L: H7 Y$ A' C1994 $203 $281 2.8% Clinton budget
# [, @' m' V# ]) e1995 $164 $281 2.1% Expansion
0 t, C6 U; t9 s5 X6 `# r, Z1996 $107 $251 1.3% Welfare reform6 U2 S' k' T* t: P/ I i
1997 $22 $188 0.3% Expansion
/ N# R0 i Q! [1998 ($69) $113 (0.8%) LTCM crisis, recession0 {' j. K. Z* `
1999 ($126) $130 (1.3%) Glass-Steagall repealed+ {1 F j6 P8 t Q: U) S7 j$ N
2000 ($236) $18 (2.3%) Surplus- m9 P% Y" J& C3 v
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
# B8 m" g3 V; H) K2002 $158 $421 1.4% War on Terror% O. E' N. k! z1 d0 c8 w
2003 $378 $555 3.3% JGTRRA
5 P, [8 M5 c) c4 I* F: I# A4 R2004 $413 $596 3.4% Iraq War0 c0 a) x, m2 T7 U5 i( Z
2005 $318 $554 2.4% Katrina, Bankruptcy Act) X, n) R/ i- D) Z0 Z! s+ r2 m
2006 $248 $578 1.8% Bernanke chairs Fed
) G4 \7 o* g# W; s: P& _2007 $161 $501 1.1% Bank crisis* N; H( F* a. `# y3 e, W a. @8 T
2008 $459 $1,017 3.1% Bank bailout, QE
2 P7 c W5 a, ^, J& _% y- D, D4 o2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
, `% s8 C7 f2 ?6 @& O K8 u2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles. J2 ]7 u: z$ k9 X, a5 Z
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue% R, I {0 @4 ] i
2012 $1,087 $1,276 6.7% Fiscal cliff
8 o: K# g2 e3 q# J! z# a2013 $679 $672 4.0% Sequester, government shutdown
* h; V3 `) w2 v/ c6 R; j2014 $485 $1,086 2.7% Debt ceiling
% f& `4 S- J' G2 h: F+ H8 ? C9 G2015 $438 $327 2.4% Defense = $736.4B
6 R0 n0 {% j$ p1 r6 f, m1 `2016 $585 $1,423 3.1% Defense = $767.6B
9 P$ ?6 a' m! Z7 B% L& Z2017 $665 $672 3.4% Defense = $817.9B
/ I) ~8 k5 F/ z' L% V2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts0 a% q. Q! G" I. D* ?
2019 $1,091 $1,314 NA Defense = $956.5B
4 N) {+ m7 q6 W2020 $1,101 $1,281 NA Defense = $989B
+ s* M4 K$ V; l/ j3 d, M4 r$ F' l2021 $1,068 $1,276 NA NA
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