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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元5 g* l3 u9 m8 G4 y0 c; T. C- f; u
3 X# q/ a3 y) o: T6 oThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.: [4 K, |" h- `4 H- x5 Z$ W
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" f U/ W5 H+ O0 ~2 U
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events+ d8 |: u! o) I" C/ A
1929 ($1) ($1) (0.7%) Market crash
) i% |& w7 P8 e7 b2 m1930 ($1) ($1) (0.8%) Smoot-Hawley0 ~- s& E* O! h
1931 $0 $1 0.6% Dust Bowl
3 v) n( N' A* ^# w" u1932 $3 $3 4.5% Hoover tax hike8 |! v4 J( [$ L: G
1933 $3 $3 4.5% FDR New Deal( R/ G9 Q. ~! I. A4 m* N. d- P
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
) L; K9 k/ P( R! ?+ L9 V% Q1935 $3 $2 3.8% Social Security
- i5 F) Q( C8 d1936 $4 $5 5.1% Tax hikes6 ]$ L n2 V0 d- ^4 ], E
1937 $2 $3 2.4% Depression returned, third New Deal
3 s j" D* C( |! N, n1938 $0 $1 0.1% Dust Bowl ended
9 v1 S- ~0 ]: ^9 ~; C1939 $3 $3 3.0% Depression ended
$ w6 Q: u+ E' d& b/ L1940 $3 $3 2.8% Defense increased
. d$ T' m. j$ W, D. F0 K! z1941 $5 $6 3.8% Pearl Harbor8 S0 b- @2 U5 X- a$ r# W
1942 $21 $23 12.3% Battle of Midway
- \: Y) S& ^- M- ?, x& X' l4 b) ]0 j1943 $55 $64 26.9% Defense tripled0 C$ R# s- X, p: f- t# M
1944 $48 $64 21.2% Bretton Woods
1 [5 V. ^ ^5 a4 Y1945 $48 $58 20.0% WWII ended
* ?/ _6 A# E* K# K0 G1946 $16 $11 7.0% Recession
1 W+ ^% l: |* z! y1947 ($4) ($11) (1.6%) Cold War
2 } _$ I# n2 K) ?1948 ($12) ($6) (4.2%) Recession; V' Z9 k* \% _: n/ E
1949 ($1) $0 (0.2%) Recession
) N: S! B% t i4 f- J8 e0 e1950 $3 $5 1.0% Korean War# l$ N! f& M+ M2 G$ G+ c
1951 ($6) ($2) (1.7%) Expansion7 {6 x" S# e# ^1 G
1952 $2 $4 0.4% Expansion; N! U, u* ~% Z h( h
1953 $6 $7 1.7% Korean War ended, recession- I ]9 z2 @# ?' N& i
1954 $1 $5 0.3% Recession, Eisenhower budgets% y: M3 ^: ~' I$ L I" h6 Z- k" m
1955 $3 $3 0.7% Expansion
; W9 p" m5 O2 Y0 I5 @ B0 _6 {1956 ($4) ($2) (0.9%) Expansion" E3 t/ M, r/ q& c2 L, D
1957 ($3) ($2) (0.7%) Recession
* d) ]" \6 b+ K# l+ n6 ^& ?1958 $3 $6 0.6% Recession ended& ^' N9 z+ W6 E4 o1 b# o
1959 $13 $8 2.4% Fed raised rates M4 N. B" j8 W) v O2 _
1960 $0 $2 (0.1%) Recession$ p- o* y2 z/ s" ]* K
1961 $3 $3 0.6% JFK & Bay of Pigs
* R8 }* \& U3 a i1962 $7 $10 1.2% Cuban Missile Crisis
$ a3 x. T% H$ n' A1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
9 m$ T0 }- r+ v) t2 B1964 $6 $6 0.9% LBJ War on Poverty
0 l4 _7 _" k6 f1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
6 o# \0 U& K. l: ]1966 $4 $3 0.5% 6 [; i2 o2 V3 n0 w3 [
1967 $9 $6 1.0% Expansion( A, d6 |$ w! L7 k
1968 $25 $21 2.6% Moon landing8 |( a' Y+ {% N
1969 ($3) $6 (0.3%) Nixon took office
5 J5 K- H- r3 c; D7 U1970 $3 $17 0.3% Recession
' M' V6 M' ?( u: m8 y+ f% S1971 $23 $27 2.0% Wage-price controls
% O6 d: {5 y4 q. h1972 $23 $29 1.8% Stagflation8 U- O3 A5 f$ c. N& h! V
1973 $15 $31 1.0% End of gold standard
. ?" P2 ]2 H( \7 \( V) m$ A1974 $6 $17 0.4% Budget process created, Watergate" q2 I2 Z3 Y1 Z5 S) n. n0 |
1975 $53 $58 3.1% Ford budget, Vietnam War ended
+ x4 z: \& I, O* `; I8 |" {6 ^1976 $74 $87 3.9% Stagflation
7 f5 x2 A& g( R3 U% u0 S2 K1977 $54 $78 2.5% Stagflation
|5 o s' G6 p1 Y j" f& u4 |1978 $59 $73 2.5% Carter budget, Recession! G# q, [- e% w2 u# e
1979 $41 $55 1.5% Recession
" j* K5 [, ~) y: Z2 t% b1 |' v1980 $74 $81 2.6% Volcker raised rates to 20%
7 g3 A. ~1 E% w' F1981 $79 $90 2.4% Reagan tax cut0 J$ P" D9 ^3 c3 j+ o
1982 $128 $144 3.8% Reagan increased spending( ^6 n) H2 w8 l: M1 Y
1983 $208 $235 5.6% Jobless rate was 10.8%6 N9 k; ?8 N$ J1 Q
1984 $185 $195 4.5% Increased defense spending+ k) r3 \9 E) H' m
1985 $212 $256 4.8% Increased defense spending" P3 d" p& j4 }
1986 $221 $297 4.8% Tax cut
! q& H0 Q! c: M. I- X& l/ f1987 $150 $225 3.1% Market crash! E9 e2 U* A, t6 J7 R9 }
1988 $155 $252 2.9% Fed raised rates
( a% z1 j6 i. k" F/ P3 _: `1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
! t8 j+ f \' H% q6 F1990 $221 $376 3.7% Desert Storm5 r; C [8 C4 e
1991 $269 $432 4.3% Recession7 |" n+ \- g! u; z: q
1992 $290 $399 4.4% Expansion0 q8 ^4 Y% q& T9 ^8 i f/ {4 V& O5 @
1993 $255 $347 3.7% Clinton signed Budget Act- h, g9 g& W/ V* X' O- B; b0 U' C5 w! I
1994 $203 $281 2.8% Clinton budget
3 r3 Q/ f: ?) O1995 $164 $281 2.1% Expansion1 G+ v) P' j" w3 M1 F- v
1996 $107 $251 1.3% Welfare reform: N/ R1 D, }/ W
1997 $22 $188 0.3% Expansion1 i+ m0 ?) u$ L1 z3 f' d
1998 ($69) $113 (0.8%) LTCM crisis, recession
: K% [6 t0 ` f! p7 j1999 ($126) $130 (1.3%) Glass-Steagall repealed
7 Y: X+ H2 x) p" G2000 ($236) $18 (2.3%) Surplus
$ F+ d W( x2 G, k9 x2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA3 y' U8 K; B6 N6 W: R
2002 $158 $421 1.4% War on Terror
( j1 I, L/ P: {& r; g2003 $378 $555 3.3% JGTRRA
& d& I2 q0 z2 U7 s2 ~1 t0 R! G2004 $413 $596 3.4% Iraq War3 n$ T( f6 l0 t- J+ x, h6 f4 ~
2005 $318 $554 2.4% Katrina, Bankruptcy Act( W8 a3 s' n' b2 V
2006 $248 $578 1.8% Bernanke chairs Fed
& U# e9 X' `' u/ C' q2007 $161 $501 1.1% Bank crisis
5 X0 X+ d" @7 B/ ~( r3 J6 G2008 $459 $1,017 3.1% Bank bailout, QE
7 i2 k! ]8 Y. D; N9 l, ]1 E; d) a2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B; o2 K, o3 |, |0 U7 c
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
7 ?; N2 F7 C8 m; D6 ?- r2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue1 O8 I( F0 Y& t B9 c
2012 $1,087 $1,276 6.7% Fiscal cliff
[, Z/ @" t1 J/ j9 H2013 $679 $672 4.0% Sequester, government shutdown3 {" V1 P, [! Z8 t1 t
2014 $485 $1,086 2.7% Debt ceiling% A! e; l$ Z8 B3 e
2015 $438 $327 2.4% Defense = $736.4B
, f. o, s1 N" x6 z) i2016 $585 $1,423 3.1% Defense = $767.6B
2 j5 l8 W/ u1 M2017 $665 $672 3.4% Defense = $817.9B+ Y J7 N+ w) ~
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts6 h4 ^) }1 l- o9 y2 Q
2019 $1,091 $1,314 NA Defense = $956.5B
% A% c6 d0 H5 @% f2020 $1,101 $1,281 NA Defense = $989B, [" B2 J2 n7 w* l! x! }
2021 $1,068 $1,276 NA NA
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