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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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2 M) u+ ]/ Y1 RThe 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.3 @' d0 d" p/ g B; W3 h N( 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
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
3 S' m& P* b' d5 a+ f9 k1929 ($1) ($1) (0.7%) Market crash& \% x; d% Z* `4 ]& ]
1930 ($1) ($1) (0.8%) Smoot-Hawley
0 `* ~! d2 f8 \- \1931 $0 $1 0.6% Dust Bowl( |+ v7 c @* R/ K/ N$ a% K( q# R
1932 $3 $3 4.5% Hoover tax hike
' ]* o: A- C+ j1933 $3 $3 4.5% FDR New Deal- E. K4 z% h/ O( E' S: c, S$ E* p
1934 $4 $5 5.4% GDP up 10.8%, debt also rose1 e! W' c9 B7 Z$ ^
1935 $3 $2 3.8% Social Security0 [" e. ~8 K( u
1936 $4 $5 5.1% Tax hikes$ N3 h) c9 d: [8 U7 Y- E/ p: ~, l
1937 $2 $3 2.4% Depression returned, third New Deal
8 X. O0 X8 |0 c+ R7 T7 n1938 $0 $1 0.1% Dust Bowl ended
( m* O& V6 F0 S1939 $3 $3 3.0% Depression ended* Q B5 x" A% d8 p( p; [
1940 $3 $3 2.8% Defense increased
5 Z. ^& @% `+ u1 A% s1941 $5 $6 3.8% Pearl Harbor
& m! X; C5 o, s2 k3 m1942 $21 $23 12.3% Battle of Midway
- E9 j: C) N. N' _1943 $55 $64 26.9% Defense tripled# w" H+ k2 S1 j3 T: a) l; S
1944 $48 $64 21.2% Bretton Woods. W; h$ U; P; ?: F ~% H, Y
1945 $48 $58 20.0% WWII ended
% C; t4 o `0 r4 D, }1946 $16 $11 7.0% Recession5 T8 C/ m( ?+ j3 c+ Z& |9 j9 s
1947 ($4) ($11) (1.6%) Cold War
0 j0 s8 G* G) w; h1948 ($12) ($6) (4.2%) Recession
. ^. f# [3 Z1 L1949 ($1) $0 (0.2%) Recession
6 Z7 k: E0 B* h! W- Z V1950 $3 $5 1.0% Korean War
* q5 [! O# f6 `1951 ($6) ($2) (1.7%) Expansion
c" C8 m) d7 @9 i9 Z: `" g4 x1952 $2 $4 0.4% Expansion: z9 u/ {+ [9 R; t# }, C+ |9 J
1953 $6 $7 1.7% Korean War ended, recession5 t; e& N0 E W% S4 h
1954 $1 $5 0.3% Recession, Eisenhower budgets- P$ [ R/ P; Y/ o* `- \4 W4 E
1955 $3 $3 0.7% Expansion
2 ]3 {; R. {. @: l( U1956 ($4) ($2) (0.9%) Expansion8 j( M4 d' ?, @+ _6 p' ~4 G, L
1957 ($3) ($2) (0.7%) Recession1 p x/ `$ b) R8 a1 i/ {% m! R
1958 $3 $6 0.6% Recession ended
: q% c9 z, C2 A6 q+ j1959 $13 $8 2.4% Fed raised rates
5 q7 s" j6 i H* q& ?1960 $0 $2 (0.1%) Recession
' f/ P- b1 e3 y# S/ d9 |5 g1961 $3 $3 0.6% JFK & Bay of Pigs
7 ~$ Q# J2 m0 |/ H) }1962 $7 $10 1.2% Cuban Missile Crisis, w5 H$ x' A: g9 H9 C3 [
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed1 W4 D1 e! W$ f! q% j
1964 $6 $6 0.9% LBJ War on Poverty
7 C& j, T3 q- b1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War) E5 [" ^6 E/ i9 P0 _
1966 $4 $3 0.5%
4 s# ]/ _, {5 v$ U1967 $9 $6 1.0% Expansion
0 l+ _2 Y6 n" b1968 $25 $21 2.6% Moon landing z# W' ^ Q6 |0 _; ?8 h
1969 ($3) $6 (0.3%) Nixon took office: T9 h, J/ Z$ p
1970 $3 $17 0.3% Recession, c. x# n7 `7 Z2 }& ?
1971 $23 $27 2.0% Wage-price controls6 _" j& [ k9 x
1972 $23 $29 1.8% Stagflation
( a3 ^4 h+ Y9 {: l' M7 J& z1973 $15 $31 1.0% End of gold standard
; I+ _* k9 `3 ` Z2 o0 o1 v1974 $6 $17 0.4% Budget process created, Watergate
$ S9 F5 A8 D! E1975 $53 $58 3.1% Ford budget, Vietnam War ended
9 k/ H5 L5 a" H& H. ]- M( k1976 $74 $87 3.9% Stagflation' v: @2 c3 D" O, |2 J6 A
1977 $54 $78 2.5% Stagflation i" T6 C6 h7 _2 X4 v% k9 E
1978 $59 $73 2.5% Carter budget, Recession* W$ N8 C" e r& f+ x! I& [
1979 $41 $55 1.5% Recession
" y9 R( ]. `* {3 v1980 $74 $81 2.6% Volcker raised rates to 20%- F6 g1 o1 e( K+ Z" F6 w
1981 $79 $90 2.4% Reagan tax cut# D+ [# ~# n: `) O: ]6 W$ U
1982 $128 $144 3.8% Reagan increased spending
. s) S" Q- @1 |: o' F4 a1983 $208 $235 5.6% Jobless rate was 10.8%2 y( Y; n2 z' P1 f( V
1984 $185 $195 4.5% Increased defense spending' A: v* y0 x$ s5 f2 l# v. ~
1985 $212 $256 4.8% Increased defense spending$ Y a" L/ A( S; ?# s1 t% |
1986 $221 $297 4.8% Tax cut% U$ [* p* p* \: u
1987 $150 $225 3.1% Market crash$ k. l* E/ n2 f$ P. b$ n
1988 $155 $252 2.9% Fed raised rates y% U9 S' A+ P0 R9 @ M: Y) j. x
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget. I# w0 V* t6 l V) v+ ^
1990 $221 $376 3.7% Desert Storm7 X. r4 K9 }0 z
1991 $269 $432 4.3% Recession9 X/ O4 |( W& Q h% P1 x& Y
1992 $290 $399 4.4% Expansion
3 p- X; K7 `, k- M1993 $255 $347 3.7% Clinton signed Budget Act2 ]3 e7 O; r' s9 `2 S4 a4 `. g
1994 $203 $281 2.8% Clinton budget
8 f1 P+ [4 M! p2 ]# X( h# b, a1995 $164 $281 2.1% Expansion- ~4 V8 R7 I, k4 X" k$ o: ^- ]
1996 $107 $251 1.3% Welfare reform& J+ z& Z# S- O
1997 $22 $188 0.3% Expansion
( u5 D( P! P# Z0 ^* y1998 ($69) $113 (0.8%) LTCM crisis, recession
3 b m0 G( p0 F4 b: ^" X! @1999 ($126) $130 (1.3%) Glass-Steagall repealed* D, c" _2 H! r" q% a& H/ A
2000 ($236) $18 (2.3%) Surplus
H1 e: A8 N% g; q2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
! P7 L; n9 D1 K. n( n# }: E2002 $158 $421 1.4% War on Terror
8 j6 Y$ R0 Z# s+ n; e2003 $378 $555 3.3% JGTRRA
8 ]4 W" \3 k O2004 $413 $596 3.4% Iraq War
y6 ~- f. s5 e2 O* ?9 J2005 $318 $554 2.4% Katrina, Bankruptcy Act2 f8 G9 p: M8 V& U* Y' i
2006 $248 $578 1.8% Bernanke chairs Fed
( u4 ?7 I- V3 R9 Y, P+ r2007 $161 $501 1.1% Bank crisis
" ~% t8 ~$ M- W$ n! f2008 $459 $1,017 3.1% Bank bailout, QE
0 W" C6 Z/ P6 o5 G4 U0 A2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
: p# i ]% k* I5 h2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
# y8 _( U _; A6 U3 u0 E2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
3 F$ C, l3 z9 l* R2012 $1,087 $1,276 6.7% Fiscal cliff
2 w$ `4 D6 n6 ~; b- z2 {2013 $679 $672 4.0% Sequester, government shutdown
( A% L. v$ `0 s9 y' u2014 $485 $1,086 2.7% Debt ceiling. T2 d" R9 S% r$ W3 A
2015 $438 $327 2.4% Defense = $736.4B. B# x( l: S& z5 j# Y
2016 $585 $1,423 3.1% Defense = $767.6B" j1 \5 e7 S5 |% C4 {/ }, v
2017 $665 $672 3.4% Defense = $817.9B
4 t4 H: B3 r M ?5 n/ r. }2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts2 q3 _8 k5 G8 N* b/ X
2019 $1,091 $1,314 NA Defense = $956.5B4 D* r/ P/ C$ n6 F6 o2 N; |1 }
2020 $1,101 $1,281 NA Defense = $989B
& y: E3 n8 ^) |! X2021 $1,068 $1,276 NA NA
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