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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 w5 ~5 k8 ^2 y: UThe 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.
# ]" D8 \3 E# N- r* H3 | 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0 ?7 q; D4 c3 z& y6 P
: l1 k: a4 }- i2 EFiscal Year Deficit (in billions) Debt Deficit/GDP Events
1 v0 _! ?) i6 W/ s2 U" m1929 ($1) ($1) (0.7%) Market crash+ v3 J& m' ]- V2 w
1930 ($1) ($1) (0.8%) Smoot-Hawley
+ \7 G1 c4 n: b, H9 g" }9 O1931 $0 $1 0.6% Dust Bowl6 E1 Y0 U8 a8 Y% @# b" l4 _) P8 S
1932 $3 $3 4.5% Hoover tax hike
( ?9 f" A- K# ]4 L1933 $3 $3 4.5% FDR New Deal
) b% C* D& t5 w) O8 Z" \1934 $4 $5 5.4% GDP up 10.8%, debt also rose% D0 i! F$ m$ g: J* r
1935 $3 $2 3.8% Social Security+ t W" Z5 _( \0 L! @% P. I: K/ |. I
1936 $4 $5 5.1% Tax hikes
) ^% C+ T* r& h# S( e1937 $2 $3 2.4% Depression returned, third New Deal
, ?) G+ v' [+ G) t1938 $0 $1 0.1% Dust Bowl ended* N% W6 D k; F3 C7 w+ q3 N) Z
1939 $3 $3 3.0% Depression ended9 s$ X }6 E) B; O' {- j1 [
1940 $3 $3 2.8% Defense increased. g$ d; J1 Y' i v [- [% G
1941 $5 $6 3.8% Pearl Harbor
; I: V0 J7 P+ ~ J) `1942 $21 $23 12.3% Battle of Midway1 ]" s/ u& [8 W9 u" p- V2 T+ S
1943 $55 $64 26.9% Defense tripled6 J) M% O8 I! `8 T; Y; P
1944 $48 $64 21.2% Bretton Woods
' ?2 t( ]0 p: A1945 $48 $58 20.0% WWII ended
# \% A; U! b8 G3 p4 z/ ?1946 $16 $11 7.0% Recession+ x, p/ [$ D* t/ F8 |' e( e
1947 ($4) ($11) (1.6%) Cold War
$ c; y; T2 V& K3 O+ Z; }$ i" e1948 ($12) ($6) (4.2%) Recession
H2 a! w$ B% B) X( C1949 ($1) $0 (0.2%) Recession
8 D, @% F4 [8 ? U1950 $3 $5 1.0% Korean War
! t3 ]8 l a$ D5 h7 o/ V1951 ($6) ($2) (1.7%) Expansion( Q) t/ r% l6 `
1952 $2 $4 0.4% Expansion
4 h( d: b( Y; X- B% V1953 $6 $7 1.7% Korean War ended, recession
# _: F/ H: _, c1954 $1 $5 0.3% Recession, Eisenhower budgets8 v8 P+ |! s4 q) J6 y, p
1955 $3 $3 0.7% Expansion/ R0 Q8 H% W3 B; E a: j, n: `5 I
1956 ($4) ($2) (0.9%) Expansion
% H7 A9 p( D: M. h7 c2 a$ n1 O1957 ($3) ($2) (0.7%) Recession
/ U6 X; L! E) F9 C4 @ m1958 $3 $6 0.6% Recession ended
: f2 l* u6 V1 F# A1959 $13 $8 2.4% Fed raised rates
, N9 P$ S" R7 M2 x$ R* m, |1960 $0 $2 (0.1%) Recession( u3 k: \- M' f. q2 v: h
1961 $3 $3 0.6% JFK & Bay of Pigs
& ]$ ?# d( W' r8 d1962 $7 $10 1.2% Cuban Missile Crisis
; i) n& B }$ Q7 f: B! o1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed5 q+ u. `: h+ l' X/ d
1964 $6 $6 0.9% LBJ War on Poverty0 w& W0 z' G H6 h+ o$ E# |, Q* e
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War! p' c# v( [2 e" ^6 N$ S
1966 $4 $3 0.5%
A! f# v) r$ k. D" Z$ d0 K" M1967 $9 $6 1.0% Expansion1 D* X% T9 |( o- @( S
1968 $25 $21 2.6% Moon landing
( m5 i. ~4 R4 q9 k9 ]1969 ($3) $6 (0.3%) Nixon took office
! I }% i: [% M0 r9 {1970 $3 $17 0.3% Recession
! r9 l" \' b1 E, F* T4 l5 o" o, O1971 $23 $27 2.0% Wage-price controls" ?- }; `& z- E
1972 $23 $29 1.8% Stagflation8 Q3 J2 z Z5 W1 e
1973 $15 $31 1.0% End of gold standard
; g2 p. ~3 }, V, _! M8 ^1974 $6 $17 0.4% Budget process created, Watergate
& M, z8 B1 t' m3 D# t0 ~1975 $53 $58 3.1% Ford budget, Vietnam War ended
/ }( F6 h' `% [( W/ c& ^: I1976 $74 $87 3.9% Stagflation( Z7 J4 l o# V, U# w3 |1 N8 X
1977 $54 $78 2.5% Stagflation7 g3 {& w, u5 e2 h
1978 $59 $73 2.5% Carter budget, Recession
- k- ]8 v+ w. x1 C" V% G1979 $41 $55 1.5% Recession
( w! h5 i! l6 u1 W$ }. z" u* T1980 $74 $81 2.6% Volcker raised rates to 20%
! s- ~/ V) J8 P& ?+ e1981 $79 $90 2.4% Reagan tax cut
( |3 g1 _6 p' m0 M8 Y1982 $128 $144 3.8% Reagan increased spending* a$ |, c. T+ f
1983 $208 $235 5.6% Jobless rate was 10.8%
; Y: V0 ]; u$ ?, t) o; i1984 $185 $195 4.5% Increased defense spending
) X3 n3 M: H0 S. ^) [1985 $212 $256 4.8% Increased defense spending5 ~: J: [5 X% H! [2 f9 v7 d$ a
1986 $221 $297 4.8% Tax cut5 V" q2 Q! x/ j: X/ g( \1 ]+ r. B4 {
1987 $150 $225 3.1% Market crash
d' W+ W7 i% v3 w8 B: l1988 $155 $252 2.9% Fed raised rates$ N& M9 ] U0 U
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget3 f5 F2 E/ L, F' `$ @7 \
1990 $221 $376 3.7% Desert Storm; h. I: l/ [: A/ X
1991 $269 $432 4.3% Recession5 O; W8 H' P! ^- ]1 \' u! Z
1992 $290 $399 4.4% Expansion
6 u4 {& t% o: J7 G! }1993 $255 $347 3.7% Clinton signed Budget Act
# S/ ~1 m G: B7 C/ E. y1 S6 S _1994 $203 $281 2.8% Clinton budget
6 R( @; I" y. r; W6 s1995 $164 $281 2.1% Expansion. c9 {; Z, X# m' w
1996 $107 $251 1.3% Welfare reform
/ ?0 {$ `- V( @1997 $22 $188 0.3% Expansion
0 X% o; X( [3 L1998 ($69) $113 (0.8%) LTCM crisis, recession- G; T/ R$ o5 C; r9 w6 F- U0 {
1999 ($126) $130 (1.3%) Glass-Steagall repealed
# F8 \1 n' ?* [2000 ($236) $18 (2.3%) Surplus* Y2 J1 N! i, s
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA; \# Z$ ^, i+ h8 L
2002 $158 $421 1.4% War on Terror
0 c0 i b: [. c+ F7 s2003 $378 $555 3.3% JGTRRA
+ [% y2 ~" [4 Q4 O1 k; h2004 $413 $596 3.4% Iraq War
4 ] {! m0 @ A0 f& Z! h2005 $318 $554 2.4% Katrina, Bankruptcy Act
1 ?; t, t5 r0 X: e2 c2006 $248 $578 1.8% Bernanke chairs Fed
1 p6 ^: g4 f) z$ R. ?: d/ S% O2007 $161 $501 1.1% Bank crisis; J" l* [! R8 f9 O
2008 $459 $1,017 3.1% Bank bailout, QE
7 m0 M1 P3 n j0 |: ?3 f2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B# S7 ^. [& o- u
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles. Q# o4 P5 T+ n% T9 ?3 v
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
' ~& j9 S% [8 b4 n. v: o: Y2012 $1,087 $1,276 6.7% Fiscal cliff
! \( s5 D/ K: K* f2013 $679 $672 4.0% Sequester, government shutdown
: F5 Z w6 D: J. j# |6 C! W3 J2014 $485 $1,086 2.7% Debt ceiling# `9 j$ |! @* z8 E. n- @5 S, N
2015 $438 $327 2.4% Defense = $736.4B6 ~; w+ e/ S! {$ F7 ?5 S
2016 $585 $1,423 3.1% Defense = $767.6B5 ]7 f. R- E% _0 q6 A2 _( e) f$ c$ s
2017 $665 $672 3.4% Defense = $817.9B. \5 T8 w. E5 {$ b0 |9 H
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
, ~+ M8 G5 A2 t2019 $1,091 $1,314 NA Defense = $956.5B
& f$ U) _+ \) ~ s' V; S+ N1 F b2020 $1,101 $1,281 NA Defense = $989B
% l# q+ D9 c- F9 [2 k) V! k2021 $1,068 $1,276 NA NA1 E' H1 H) {; N8 S' n7 d
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