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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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- {. l3 C# h2 `! `! ]The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
) ]$ P3 G7 j4 c" Q3 v( `5 k% A& d 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1 }9 M0 a# K; Y. K- [8 C
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
5 Z" g+ k' d7 V# R+ {2 e" i3 R1929 ($1) ($1) (0.7%) Market crash: M3 z2 b/ s; h. x! i/ ]! z
1930 ($1) ($1) (0.8%) Smoot-Hawley G/ v+ Y' [ x; ? S" Y
1931 $0 $1 0.6% Dust Bowl
' l) X& N; N# q/ _' R1932 $3 $3 4.5% Hoover tax hike
" ^9 f9 b- S7 M4 f8 \* E* m( y# R. c1933 $3 $3 4.5% FDR New Deal
" w; O$ P1 Z9 l1934 $4 $5 5.4% GDP up 10.8%, debt also rose
& X- I2 J& F4 p: u* { W1935 $3 $2 3.8% Social Security6 Q$ J3 V( w7 F9 h. {6 }: q
1936 $4 $5 5.1% Tax hikes
, b1 g: W) R0 n Y6 l3 X1937 $2 $3 2.4% Depression returned, third New Deal, v8 _% ?2 p( F7 H' N/ `
1938 $0 $1 0.1% Dust Bowl ended/ x* P: K, K4 i: D$ a* b, ^
1939 $3 $3 3.0% Depression ended6 q0 X. |9 H8 F, w; Y% _6 y/ C6 U$ D+ A2 C
1940 $3 $3 2.8% Defense increased5 y6 i j6 \! X4 U
1941 $5 $6 3.8% Pearl Harbor6 L D% j' n6 x
1942 $21 $23 12.3% Battle of Midway: Y! s% g5 ]2 u* V
1943 $55 $64 26.9% Defense tripled
) ~7 M, J& l5 M a/ K1944 $48 $64 21.2% Bretton Woods; J& {$ f% U9 p1 U: z7 P% Z
1945 $48 $58 20.0% WWII ended
1 O# M, W( q8 l1946 $16 $11 7.0% Recession
% E. s6 P& y, Y- f6 _: `7 E: x" E1947 ($4) ($11) (1.6%) Cold War8 x$ z( C5 V8 d+ w. k
1948 ($12) ($6) (4.2%) Recession% P$ P. K: ~7 g7 p; X
1949 ($1) $0 (0.2%) Recession: [. n$ B8 b# m) Y: n0 v
1950 $3 $5 1.0% Korean War% Z0 q( K/ S/ T- O. S& [4 D" X$ {
1951 ($6) ($2) (1.7%) Expansion
+ v5 o6 f+ w# Y+ v2 a% K1952 $2 $4 0.4% Expansion
+ l3 l% ^5 g n5 d/ i1953 $6 $7 1.7% Korean War ended, recession9 D+ c5 f7 o' Z, h+ a$ w
1954 $1 $5 0.3% Recession, Eisenhower budgets
+ H/ [5 F6 e: p: q$ }" U1955 $3 $3 0.7% Expansion" i- F* p5 o; z9 q* \
1956 ($4) ($2) (0.9%) Expansion
% B) _ ~/ m0 o# [* U; o1957 ($3) ($2) (0.7%) Recession& V& H7 Z1 k' C3 G9 F
1958 $3 $6 0.6% Recession ended% Q! E7 j7 ^: d; U- C- E) c
1959 $13 $8 2.4% Fed raised rates! v% m, l; Q! W5 B! g
1960 $0 $2 (0.1%) Recession% g' x" W0 b& z9 i+ D% F7 W
1961 $3 $3 0.6% JFK & Bay of Pigs
% ^! N4 D1 P- ?6 k u& m1962 $7 $10 1.2% Cuban Missile Crisis
* ~( v% P- x) K' A3 l2 T1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed, p [: d% w( p/ g5 m7 c
1964 $6 $6 0.9% LBJ War on Poverty/ {% \% P) r6 g5 g
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
: B( ?# s$ h" z, R# t- k$ I1966 $4 $3 0.5% 7 ] k8 ^4 Q9 G, E5 r/ J& `5 F
1967 $9 $6 1.0% Expansion9 j% C) p% z3 R
1968 $25 $21 2.6% Moon landing
5 w i0 W7 u/ h5 N2 e. j9 ^1969 ($3) $6 (0.3%) Nixon took office
7 R- ^ F: l* g, n1 G- W5 C; `1970 $3 $17 0.3% Recession) B% ~/ H+ E( K+ w+ i" W/ \! {) H
1971 $23 $27 2.0% Wage-price controls
( A, J4 I% M% W4 Z( N1972 $23 $29 1.8% Stagflation) }4 Z, D/ Z% P' c
1973 $15 $31 1.0% End of gold standard
/ J: y" K1 _" W' l- e4 P1974 $6 $17 0.4% Budget process created, Watergate+ g& \8 a5 ]6 o4 H5 x
1975 $53 $58 3.1% Ford budget, Vietnam War ended
2 f( e' e8 j7 ?3 j9 W1976 $74 $87 3.9% Stagflation7 t, g$ p5 ]6 z# d, Z/ e7 q
1977 $54 $78 2.5% Stagflation
* t* p. ~. T1 H9 z" Z1978 $59 $73 2.5% Carter budget, Recession& l9 ?& ]' ^2 d* m/ |; u' b% U8 m
1979 $41 $55 1.5% Recession
2 J6 G5 O0 B' Z1980 $74 $81 2.6% Volcker raised rates to 20%
, {( ~& v X, }9 R1981 $79 $90 2.4% Reagan tax cut% [" @ N6 a, f* W% R' m
1982 $128 $144 3.8% Reagan increased spending
- k4 {1 Y* c$ F( e" C1983 $208 $235 5.6% Jobless rate was 10.8%5 m8 R) n% I. [ O, F4 g9 P
1984 $185 $195 4.5% Increased defense spending9 q3 f e V: I% Z
1985 $212 $256 4.8% Increased defense spending) `# `$ e" h! B! j' U9 h
1986 $221 $297 4.8% Tax cut0 ]+ b) g% y; r6 N5 R$ V
1987 $150 $225 3.1% Market crash) ]- c& ^% L1 ^) B# U
1988 $155 $252 2.9% Fed raised rates
: r5 F" ?8 Q. E- q p# w# i) g1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
' y8 \# U4 F- G1990 $221 $376 3.7% Desert Storm, c, H7 s5 Z% C- D" y' m1 _+ r. [
1991 $269 $432 4.3% Recession
+ X) g& r, p9 P n. u1992 $290 $399 4.4% Expansion; a" Y/ }# b* E, \- U0 _* r9 x6 u0 E8 }
1993 $255 $347 3.7% Clinton signed Budget Act1 G) |# H$ H+ F; {, |9 E
1994 $203 $281 2.8% Clinton budget
, U0 ?3 P2 s3 M" ?; }1995 $164 $281 2.1% Expansion
! H% J6 j5 T2 T2 g2 C( t m+ j1996 $107 $251 1.3% Welfare reform
; Z1 g6 P0 i! U7 P/ d$ }. _1997 $22 $188 0.3% Expansion
, o: A+ e: R7 c" e1998 ($69) $113 (0.8%) LTCM crisis, recession( t( V7 o/ D! t' d1 ]
1999 ($126) $130 (1.3%) Glass-Steagall repealed
+ _/ w5 x6 a) q5 I9 c2000 ($236) $18 (2.3%) Surplus
) j9 B% b" ^2 k! W2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA" Y2 A @/ R1 b3 l, Q* p
2002 $158 $421 1.4% War on Terror
, m/ G* B( N/ p2 @3 V2003 $378 $555 3.3% JGTRRA
# u" K; n" ?5 i7 }. ]+ ^2004 $413 $596 3.4% Iraq War
' M0 `6 o; J1 c$ d2005 $318 $554 2.4% Katrina, Bankruptcy Act
, Y4 ?3 F+ C% U" d& s2006 $248 $578 1.8% Bernanke chairs Fed/ }/ ]0 X+ o. }' `2 Y' {
2007 $161 $501 1.1% Bank crisis1 E* @% V4 l0 i. |7 p
2008 $459 $1,017 3.1% Bank bailout, QE
: R3 `9 [9 z" K/ z8 K) V2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B1 f; u& S3 i0 D0 O5 q
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
; q3 p; d, X- @3 s2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
6 P2 `+ Y% [7 r& P& n2012 $1,087 $1,276 6.7% Fiscal cliff
* v. {& l) Q/ v S. B: w9 U2013 $679 $672 4.0% Sequester, government shutdown9 |$ {: n/ Y( Z# m0 ^( r' ^
2014 $485 $1,086 2.7% Debt ceiling
5 X" B1 ?; g+ q+ z1 a4 a2 O2015 $438 $327 2.4% Defense = $736.4B* w1 W, S3 Z0 }
2016 $585 $1,423 3.1% Defense = $767.6B
6 I( _! e7 t8 K! J& M2017 $665 $672 3.4% Defense = $817.9B
/ r) _. } b. ~2 s2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts- `# Y. i" j. p. J- ~; |
2019 $1,091 $1,314 NA Defense = $956.5B& T3 a: m p. X; ^; l+ B8 [
2020 $1,101 $1,281 NA Defense = $989B
$ n$ C/ \1 x& a2021 $1,068 $1,276 NA NA
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