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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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0 R% z2 b, m' \7 Q/ Q4 a+ O, u2020财年美国预算赤字预计为1.1万亿美元
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
9 J. ~1 M* F6 r- H3 x% a 第一列表示会计年度，其次是该年度的赤字（十亿）。其次是财政年度的债务增加，其次是赤字/ GDP。最后，列举了影响赤字的事件; ~! Z w) D/ X7 M
! ^5 }3 o# ~6 G, w, A/ _Fiscal Year Deficit (in billions) Debt Deficit/GDP Events I6 M1 p! K6 n& b$ X; ^* r6 ~' P
1929 ($1) ($1) (0.7%) Market crash
4 h2 Y8 y7 T4 k. B1 C$ w1930 ($1) ($1) (0.8%) Smoot-Hawley3 a5 ~+ }) O5 m* ?
1931 $0 $1 0.6% Dust Bowl
( k) ?) K1 j% u: b; F1932 $3 $3 4.5% Hoover tax hike9 L- p B/ x; P |! H3 o Q
1933 $3 $3 4.5% FDR New Deal
2 v# t" D6 M" u& w" p: e& W; j0 d1934 $4 $5 5.4% GDP up 10.8%, debt also rose3 U' v+ n! K6 w
1935 $3 $2 3.8% Social Security1 s4 [, N8 r- x7 Q
1936 $4 $5 5.1% Tax hikes# D6 v& ]7 j% x+ j
1937 $2 $3 2.4% Depression returned, third New Deal2 u. A4 q9 I# \4 @
1938 $0 $1 0.1% Dust Bowl ended
# D- w" d& j5 I* b& U1939 $3 $3 3.0% Depression ended3 U. G' z% Q6 B( [
1940 $3 $3 2.8% Defense increased2 G4 t' N2 i0 w1 d H7 c
1941 $5 $6 3.8% Pearl Harbor1 z# L- o& V% o- d
1942 $21 $23 12.3% Battle of Midway
1 w- N& Q# J7 G6 y6 Q1943 $55 $64 26.9% Defense tripled3 D, d/ ]! Q- L' M
1944 $48 $64 21.2% Bretton Woods) t( Y2 k! ?+ Z! ]
1945 $48 $58 20.0% WWII ended' w2 z! w5 B. p
1946 $16 $11 7.0% Recession
# B% Q7 {( s" t" w( T: y, `1947 ($4) ($11) (1.6%) Cold War2 i( p3 T) u8 H V
1948 ($12) ($6) (4.2%) Recession# W" W- o$ T% M9 i! _5 L* I8 ^
1949 ($1) $0 (0.2%) Recession& V) p9 t9 V2 _' `0 h3 X
1950 $3 $5 1.0% Korean War
4 u( n& y3 A% e) Z+ E! _8 ~ L) W1951 ($6) ($2) (1.7%) Expansion
+ {5 \2 a# c: N) S4 B+ U4 F1952 $2 $4 0.4% Expansion$ M/ x7 M2 ^) ^0 O( G) E8 o: y8 k
1953 $6 $7 1.7% Korean War ended, recession
3 w+ S: ~0 b- P: Z* d0 S1954 $1 $5 0.3% Recession, Eisenhower budgets
& x( A, y' W2 l0 A6 {. Q0 k1955 $3 $3 0.7% Expansion* W9 ~1 V2 v* T2 m. b' n0 \
1956 ($4) ($2) (0.9%) Expansion
6 Z; q+ l M) f; L+ @, P1957 ($3) ($2) (0.7%) Recession! i: M/ A9 y2 v$ R) |3 R8 w* y
1958 $3 $6 0.6% Recession ended
+ [) j+ L: `" v' g. ], Q1959 $13 $8 2.4% Fed raised rates
+ A1 } U2 B* b, F- U+ X1960 $0 $2 (0.1%) Recession& `3 |0 m) w5 c- w# V
1961 $3 $3 0.6% JFK & Bay of Pigs
8 r& n+ I# R7 b. Y, p& a1962 $7 $10 1.2% Cuban Missile Crisis
1 }( o/ Z9 W0 J D3 x7 `1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
Z0 [$ p9 ~) X) I# m$ R Y& U1964 $6 $6 0.9% LBJ War on Poverty4 X8 H/ B/ R4 g" A
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
* r. I7 w) {2 w. G+ w3 b5 J1966 $4 $3 0.5%
$ x, a9 ~1 C! @% r" A1 L1967 $9 $6 1.0% Expansion
3 o* r. T# k, V% \1968 $25 $21 2.6% Moon landing
0 j' k2 l4 l4 `, y9 \$ {/ x) F' D* r1969 ($3) $6 (0.3%) Nixon took office4 T* v6 _; T z) |. O8 L
1970 $3 $17 0.3% Recession+ { z9 j9 `7 r2 E
1971 $23 $27 2.0% Wage-price controls' z5 z) I X9 v4 C
1972 $23 $29 1.8% Stagflation; _* n6 Z, [2 r1 W
1973 $15 $31 1.0% End of gold standard
* K) ^" J Z2 C( A+ x! _! N1974 $6 $17 0.4% Budget process created, Watergate1 H# F2 W/ h, ?$ n0 Q
1975 $53 $58 3.1% Ford budget, Vietnam War ended$ ]" l# J7 T: ]1 ?2 z
1976 $74 $87 3.9% Stagflation3 Y m& K2 s% J! K& |% Y" Z
1977 $54 $78 2.5% Stagflation
1 x# ?# h4 L+ }, |) ^1978 $59 $73 2.5% Carter budget, Recession5 i1 i+ q1 c( b. f* I; {9 o
1979 $41 $55 1.5% Recession
4 p- K/ t+ A7 T' O' H1980 $74 $81 2.6% Volcker raised rates to 20%
, i5 d% c1 N! J% y e1981 $79 $90 2.4% Reagan tax cut9 B% e8 b. M/ o" d( ~
1982 $128 $144 3.8% Reagan increased spending6 j: E% e, q2 M; K
1983 $208 $235 5.6% Jobless rate was 10.8%
" V$ H" z# q. ~. M0 t. O1984 $185 $195 4.5% Increased defense spending
; n ^2 G$ t) L Q+ x$ W3 U1985 $212 $256 4.8% Increased defense spending
% d+ o# ]: I, E* |1986 $221 $297 4.8% Tax cut. F. \9 I( Q: t0 \' B. R
1987 $150 $225 3.1% Market crash
5 m8 m' f2 |: y+ u6 _. [1 X1988 $155 $252 2.9% Fed raised rates
3 V5 I$ r+ E) g, F1989 $153 $255 2.7% S&L Crisis, Bush 41 budget7 E3 d+ P$ X( x) P/ g2 K
1990 $221 $376 3.7% Desert Storm
: a! X0 u* z1 T u5 [! r1991 $269 $432 4.3% Recession
1 ]- x8 W& Q- @! h' O. j0 I' G1992 $290 $399 4.4% Expansion) I6 t! o+ P" z4 u
1993 $255 $347 3.7% Clinton signed Budget Act
3 j. b [( q0 G1994 $203 $281 2.8% Clinton budget* S) a5 w/ t. S4 b2 J$ H, Y
1995 $164 $281 2.1% Expansion
/ x8 a2 `& n: y1 ?& X( L) {1996 $107 $251 1.3% Welfare reform& y: `4 S2 H# T( {: s
1997 $22 $188 0.3% Expansion
/ t" B- B' X ?8 F7 K6 @- M0 c1998 ($69) $113 (0.8%) LTCM crisis, recession" p' x7 E8 R$ c, c
1999 ($126) $130 (1.3%) Glass-Steagall repealed
2 `8 s$ h, N) O2000 ($236) $18 (2.3%) Surplus
. L/ R& d$ I$ t4 ?5 p2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
1 E T; ~8 f& R3 z# @& a* M$ {% {2002 $158 $421 1.4% War on Terror- \! m/ h1 {2 s7 o8 c2 \& Y7 G8 {
2003 $378 $555 3.3% JGTRRA
. ]3 B1 I, A9 p3 Z) B2004 $413 $596 3.4% Iraq War
9 H! |2 I; D& p2 F' @% a* [- u2005 $318 $554 2.4% Katrina, Bankruptcy Act
- e3 h1 w+ i0 A5 D' y4 w- _- _* }( W4 i2006 $248 $578 1.8% Bernanke chairs Fed
8 g: j2 B9 U3 ~2 z- X2007 $161 $501 1.1% Bank crisis4 g) L6 y% Y! G1 g
2008 $459 $1,017 3.1% Bank bailout, QE e6 W/ a' S7 c1 M8 N6 i
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
6 W# ^; O4 {& C) W2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
) U" A; D( q; I+ D5 B0 j2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue( ^0 Q2 g& |% U) U- N# f
2012 $1,087 $1,276 6.7% Fiscal cliff
L. J/ _+ u$ e3 [+ j3 g4 o2013 $679 $672 4.0% Sequester, government shutdown
F7 D; B! c; `9 E4 k2014 $485 $1,086 2.7% Debt ceiling
7 k8 o- y/ g6 ?6 g2015 $438 $327 2.4% Defense = $736.4B
0 i0 g3 t1 L) x8 z* d* v2016 $585 $1,423 3.1% Defense = $767.6B
% j$ X! u9 p6 @5 l6 c! o4 C7 i2017 $665 $672 3.4% Defense = $817.9B
1 Z) l' @, J( v9 d2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
4 A3 g% \ N5 @- [$ X$ Z: t2019 $1,091 $1,314 NA Defense = $956.5B4 b, C& W- _( v. o, a* Y
2020 $1,101 $1,281 NA Defense = $989B; V& T* q9 S) Q s* ~" r
2021 $1,068 $1,276 NA NA
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