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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. # d% ]+ c# {9 L: ~) @3 k$ N
4 k" b5 ?1 g, D2020财年美国预算赤字预计为1.1万亿美元
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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.6 u+ O: v. w" t
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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+ [$ ~4 o) x% T' }* y5 \Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
h' o+ _) J# `0 `, ?1929 ($1) ($1) (0.7%) Market crash0 L! n- K0 [) v- I x
1930 ($1) ($1) (0.8%) Smoot-Hawley
( W' H3 s2 k2 E! Y- l" x1931 $0 $1 0.6% Dust Bowl
7 X4 K% ~ S1 O0 j1932 $3 $3 4.5% Hoover tax hike
" F% c" _' {/ I( @$ J# q8 g1933 $3 $3 4.5% FDR New Deal
8 `$ z2 W9 J) w# c1934 $4 $5 5.4% GDP up 10.8%, debt also rose0 Q0 Q1 l( a8 G
1935 $3 $2 3.8% Social Security
& y1 D" c9 U" g0 I0 Y t5 u1936 $4 $5 5.1% Tax hikes
# y) G# s4 g' D" r" V8 v1937 $2 $3 2.4% Depression returned, third New Deal6 I0 w: z! V. `) y
1938 $0 $1 0.1% Dust Bowl ended
) c- T# a9 A- R2 q1939 $3 $3 3.0% Depression ended' X' L( J! A8 V7 X4 A9 N+ J
1940 $3 $3 2.8% Defense increased- Q K7 Q* A+ N. @5 ~
1941 $5 $6 3.8% Pearl Harbor
. w+ z' }, V$ @" `6 k: N1942 $21 $23 12.3% Battle of Midway! m+ \: Z( u) }
1943 $55 $64 26.9% Defense tripled& ]1 K4 V- g* D. A Z2 i" S! X; l1 C
1944 $48 $64 21.2% Bretton Woods
* }7 G" b6 Y2 K! b1945 $48 $58 20.0% WWII ended, k( L7 w9 J+ Y- j
1946 $16 $11 7.0% Recession
3 _; R' S3 I' o. w1947 ($4) ($11) (1.6%) Cold War
/ p6 L$ J6 \7 {- T2 @1948 ($12) ($6) (4.2%) Recession
; s. z6 |: A7 @# Y$ L, \6 t1949 ($1) $0 (0.2%) Recession
* x- q3 n, P/ q7 }" E ^+ n1950 $3 $5 1.0% Korean War" [% g6 O. U) q, W
1951 ($6) ($2) (1.7%) Expansion
) j% U2 r! _! J$ q$ f1952 $2 $4 0.4% Expansion
6 I. Y( a2 A" s& x* q6 Z6 l1953 $6 $7 1.7% Korean War ended, recession
\/ { j# t. z2 d! ?1954 $1 $5 0.3% Recession, Eisenhower budgets
5 k; X1 o0 Q m1955 $3 $3 0.7% Expansion: ?* P! Y& \9 Z1 o+ U: k
1956 ($4) ($2) (0.9%) Expansion
" H, l# ^9 B4 _* g1957 ($3) ($2) (0.7%) Recession
5 C7 Q) K- y$ N. e1958 $3 $6 0.6% Recession ended
8 O9 y. [- Q" O/ i1959 $13 $8 2.4% Fed raised rates# F! K- D2 y" j
1960 $0 $2 (0.1%) Recession6 x+ o5 R9 m S* J+ I" V
1961 $3 $3 0.6% JFK & Bay of Pigs
) e0 |$ v* ]1 Q$ G4 t1962 $7 $10 1.2% Cuban Missile Crisis
1 \+ ~& M! O( P2 X, F! e' x1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ d0 K* j) w. U0 v4 o9 l
1964 $6 $6 0.9% LBJ War on Poverty
7 I( [2 V/ C' F9 \1 X8 \0 E1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War1 N( e( e7 ^$ T4 W* n
1966 $4 $3 0.5% - d+ z4 }5 \8 F6 x6 _# q: n2 `& |
1967 $9 $6 1.0% Expansion
: U& g. O* W; L! Z& ^$ a$ m1968 $25 $21 2.6% Moon landing' d3 o2 ?' @+ ^3 L' M8 l
1969 ($3) $6 (0.3%) Nixon took office
1 A, Z2 E; W1 v$ m3 o8 X1970 $3 $17 0.3% Recession
0 ]% M. S5 {4 U% O3 E! e1971 $23 $27 2.0% Wage-price controls$ P8 S0 M1 T" N; Z/ L! {1 o) M: v
1972 $23 $29 1.8% Stagflation# `! Y: z+ i1 M3 y( j9 S3 ]
1973 $15 $31 1.0% End of gold standard" S# s1 a% T8 n7 U. V8 R* k, u# O
1974 $6 $17 0.4% Budget process created, Watergate: ^/ n4 t( h# c# {
1975 $53 $58 3.1% Ford budget, Vietnam War ended% \. D* r6 ?" h9 D2 z) }. k
1976 $74 $87 3.9% Stagflation3 |2 t$ v2 L; C
1977 $54 $78 2.5% Stagflation
; A0 j& e& I! R' Q. I1978 $59 $73 2.5% Carter budget, Recession
+ e+ @- r; _! e0 ~6 k1979 $41 $55 1.5% Recession& U' a3 |* W0 H: x' s) @ @' Y
1980 $74 $81 2.6% Volcker raised rates to 20%1 a; m- [" I& {. r
1981 $79 $90 2.4% Reagan tax cut; J4 N! ]! w$ M+ z! G7 l4 V3 {
1982 $128 $144 3.8% Reagan increased spending' {0 M& J# F8 {! I" _. t, {
1983 $208 $235 5.6% Jobless rate was 10.8%
$ J# |" M2 Y0 s, s8 E. O1984 $185 $195 4.5% Increased defense spending
* I. Y& t+ [4 \1985 $212 $256 4.8% Increased defense spending
/ j# A$ C1 @" y1 j1986 $221 $297 4.8% Tax cut
; G2 V& e, b9 x3 i# ?) L! L1987 $150 $225 3.1% Market crash
& p/ \1 G8 t9 ?2 }7 c8 `1988 $155 $252 2.9% Fed raised rates
" M7 _( O+ \/ B0 {1989 $153 $255 2.7% S&L Crisis, Bush 41 budget" |% Z: T& |/ u1 \3 U
1990 $221 $376 3.7% Desert Storm% |0 H3 v, W* K
1991 $269 $432 4.3% Recession
( o9 m. T2 Z: x1992 $290 $399 4.4% Expansion- K; L! x1 G( i1 _& [
1993 $255 $347 3.7% Clinton signed Budget Act. T- C& o; \4 f
1994 $203 $281 2.8% Clinton budget/ Z5 i! ?1 b9 |( R' p2 z; Y
1995 $164 $281 2.1% Expansion
+ k" [7 S0 E1 c/ ~( c. w0 Y1996 $107 $251 1.3% Welfare reform# `! n' t! v! K* z; h( T
1997 $22 $188 0.3% Expansion3 y: r5 \" ^( L. L9 b" L
1998 ($69) $113 (0.8%) LTCM crisis, recession' V" s4 m* s, ^5 s9 z
1999 ($126) $130 (1.3%) Glass-Steagall repealed
" V' g+ r$ Y+ D+ [6 n j1 E0 W2000 ($236) $18 (2.3%) Surplus/ H" d) \% g1 k. P" s
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
# u8 B# P% w/ A* d* o# v2002 $158 $421 1.4% War on Terror% T& U0 i7 {" ~9 _6 P2 P7 U" p/ b
2003 $378 $555 3.3% JGTRRA
0 m3 n! @/ Y. O6 r2004 $413 $596 3.4% Iraq War9 I8 N1 R) ?2 F- p( @
2005 $318 $554 2.4% Katrina, Bankruptcy Act
- \9 d3 n9 L! {' u# D9 m+ R2006 $248 $578 1.8% Bernanke chairs Fed; _) T2 F8 W% A% w2 C% L$ H/ v
2007 $161 $501 1.1% Bank crisis
2 ]$ H$ F9 B8 a, `/ |* p P2008 $459 $1,017 3.1% Bank bailout, QE# o% V/ b1 @5 c4 o Y% F, T! ?' f- X
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
' @( a- O% u% q2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles7 R0 q( n) O" u0 s+ ~8 b7 p- U% M
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue) |( h3 G* s+ L3 {9 [
2012 $1,087 $1,276 6.7% Fiscal cliff
5 }' F# x, A8 H9 {$ E2013 $679 $672 4.0% Sequester, government shutdown' E- I1 I0 p- _# l4 A2 R: p
2014 $485 $1,086 2.7% Debt ceiling+ [$ b7 H" ~! a7 ~6 }
2015 $438 $327 2.4% Defense = $736.4B
# b6 C& |. Z- f$ P2016 $585 $1,423 3.1% Defense = $767.6B7 h1 Q$ Z+ T* {% M& S! X" X5 ~
2017 $665 $672 3.4% Defense = $817.9B6 \ h2 ?- E. g; p: m) G
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts5 g0 |, u8 r$ F# V0 L5 b
2019 $1,091 $1,314 NA Defense = $956.5B
7 ]# ~4 ~( [: \2 `- n* Q2020 $1,101 $1,281 NA Defense = $989B
7 r( s/ |4 e# W2021 $1,068 $1,276 NA NA
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