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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 7 t9 r5 z2 s8 {" Y4 Y0 Z5 E
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2020财年美国预算赤字预计为1.1万亿美元; W: n0 L7 M! I) b# t2 R
% k6 o5 T* _* d0 M7 X2 q$ QThe 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.
1 I0 }! F7 ^1 X( y& S2 z 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* G2 u4 k% |9 s' {% E1 E$ r; |9 G, z
* _& q3 `3 o, y' N V, r3 ?Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
, {) \% L' M! W8 {9 i: X1929 ($1) ($1) (0.7%) Market crash- W7 l; B* d% B' `' g0 s' }
1930 ($1) ($1) (0.8%) Smoot-Hawley
& b9 f- J# y$ S/ E8 {1931 $0 $1 0.6% Dust Bowl
" y% ? b/ l7 x; U1932 $3 $3 4.5% Hoover tax hike
7 V v) V/ ~6 x: J: @) p7 s$ k; f# ?, R- K1933 $3 $3 4.5% FDR New Deal- b N _6 \. `& m7 J# m. S
1934 $4 $5 5.4% GDP up 10.8%, debt also rose1 h4 H9 G+ S6 A: ^* Y
1935 $3 $2 3.8% Social Security
; P5 b! H: m4 k4 A1936 $4 $5 5.1% Tax hikes0 B- {7 ]2 h0 z# h
1937 $2 $3 2.4% Depression returned, third New Deal; s) ?0 ^5 m- M
1938 $0 $1 0.1% Dust Bowl ended
* C; [+ z9 i5 }" P9 O _1939 $3 $3 3.0% Depression ended' V. z4 r# Z4 B- L7 L8 }; D4 B B
1940 $3 $3 2.8% Defense increased
% w/ `) @' l) M+ Y$ a' L& f+ t1941 $5 $6 3.8% Pearl Harbor ^9 h5 F7 H2 ?+ }7 ?9 P
1942 $21 $23 12.3% Battle of Midway
4 v Y; k4 W. A# o1943 $55 $64 26.9% Defense tripled
& j/ W k) w, e* p! y1944 $48 $64 21.2% Bretton Woods# y0 l) k+ }/ x
1945 $48 $58 20.0% WWII ended
% T, A7 F e. h8 S1946 $16 $11 7.0% Recession& c9 [1 `2 H( A2 m8 B5 t6 F$ g) b$ K: D
1947 ($4) ($11) (1.6%) Cold War
( I- u3 A1 b$ w2 x5 [# D1948 ($12) ($6) (4.2%) Recession6 D+ L, a1 V8 x0 p) [" Y! i
1949 ($1) $0 (0.2%) Recession; }& T7 P+ G7 n3 `4 g6 U5 y
1950 $3 $5 1.0% Korean War
' ~3 t2 ^3 Y# U- X, R1951 ($6) ($2) (1.7%) Expansion
6 B# E2 [ X7 [' x$ o1952 $2 $4 0.4% Expansion
) a/ @0 Y1 S: V: Y' a1953 $6 $7 1.7% Korean War ended, recession
% L. C- o) I3 H1 j& `1954 $1 $5 0.3% Recession, Eisenhower budgets
/ g S3 c$ M7 u2 Z) }- v/ `' m1955 $3 $3 0.7% Expansion
9 L) |- g! F7 G1956 ($4) ($2) (0.9%) Expansion* U4 [& ]% }4 p, P
1957 ($3) ($2) (0.7%) Recession6 U4 r j+ s h: a$ J: N
1958 $3 $6 0.6% Recession ended3 D& Q# R& f9 o
1959 $13 $8 2.4% Fed raised rates
, Q& A( j Z% C u1960 $0 $2 (0.1%) Recession) G; z6 P: _: s# I8 P
1961 $3 $3 0.6% JFK & Bay of Pigs( I& |3 ~4 ?) x8 |4 j
1962 $7 $10 1.2% Cuban Missile Crisis7 S' R7 j6 K) Z. e9 I- S2 b: D& p, m
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed& d; }8 O3 O- J' V
1964 $6 $6 0.9% LBJ War on Poverty& i: m% r( A* @) N' E$ ]
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War1 m ~$ F7 X. @6 y+ K: L; y1 {6 w
1966 $4 $3 0.5%
( a8 p) q f7 _& w8 |1967 $9 $6 1.0% Expansion0 H8 |# P* B. A d1 o
1968 $25 $21 2.6% Moon landing
" T; b# O. d8 }7 C3 \% i! o1969 ($3) $6 (0.3%) Nixon took office( N$ m6 ]8 m: R+ k! c6 S
1970 $3 $17 0.3% Recession
3 W6 }; ~4 S, O% `# F& P- ]1971 $23 $27 2.0% Wage-price controls' u2 k, h: v$ ~6 n& p, S
1972 $23 $29 1.8% Stagflation
6 \! T9 m7 X7 u; v1973 $15 $31 1.0% End of gold standard
F6 r( e3 Q+ `6 b% i1974 $6 $17 0.4% Budget process created, Watergate
+ w$ M9 d7 U6 L3 ~- j7 w9 {7 E" E1975 $53 $58 3.1% Ford budget, Vietnam War ended3 k$ s; J6 B9 G( ?" ^
1976 $74 $87 3.9% Stagflation
9 j! k: t2 k7 a/ v6 O- ~1977 $54 $78 2.5% Stagflation
1 ?* i3 ]6 ?- \6 `8 R% }/ N# h6 Z1978 $59 $73 2.5% Carter budget, Recession
0 V R2 h. y& ^( S1979 $41 $55 1.5% Recession
# J: q, \( W. p u* F9 w8 f1980 $74 $81 2.6% Volcker raised rates to 20%$ N+ S" K3 S; A( {0 z+ t, W
1981 $79 $90 2.4% Reagan tax cut
3 A6 i+ n7 U0 F2 C" w+ [1982 $128 $144 3.8% Reagan increased spending
& Z/ \' r. k+ B8 v1983 $208 $235 5.6% Jobless rate was 10.8%
b" ~' @2 _- h& S5 S" p9 P" F1984 $185 $195 4.5% Increased defense spending
6 d! O6 A! i% T( C1985 $212 $256 4.8% Increased defense spending
! |5 b9 n5 K, E8 D) K1986 $221 $297 4.8% Tax cut7 Y& N$ f6 s! k' A3 u& j1 r% O
1987 $150 $225 3.1% Market crash
' r8 ]! N$ ?8 V, c1988 $155 $252 2.9% Fed raised rates( j, r% f9 p2 g( A. O
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget) ^4 M: v Z l6 e* E A$ Z
1990 $221 $376 3.7% Desert Storm+ N- }/ n% c$ N- _# Z- Z
1991 $269 $432 4.3% Recession
) T6 {1 Q1 r1 S3 V$ Z; G: x" ^1992 $290 $399 4.4% Expansion) J3 r; ?/ U6 p# R
1993 $255 $347 3.7% Clinton signed Budget Act
2 E" \, O5 a$ d, B% h+ D( j9 a3 e1994 $203 $281 2.8% Clinton budget
4 a! {( r$ Q( W! a' \% l" F1995 $164 $281 2.1% Expansion
1 D, @7 O+ }( f+ x1 d$ J1 t1996 $107 $251 1.3% Welfare reform
: q/ f V9 d+ o% l L& Y' E1997 $22 $188 0.3% Expansion
: y% ]* f$ V( U$ ?0 b1998 ($69) $113 (0.8%) LTCM crisis, recession
$ l$ Z* ?/ [& W+ U1999 ($126) $130 (1.3%) Glass-Steagall repealed
; t$ ]5 U' u) b- l t2 G& y2000 ($236) $18 (2.3%) Surplus# t0 ]: V: M& k; m6 @% f* R
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA/ X- i# J5 d/ R2 U
2002 $158 $421 1.4% War on Terror/ E f, q7 A8 Z5 }/ o: M4 L
2003 $378 $555 3.3% JGTRRA
" f8 G9 R" k7 t2 X9 y' k4 @2004 $413 $596 3.4% Iraq War! k, A. R; g* q3 P6 x7 j; ^7 r
2005 $318 $554 2.4% Katrina, Bankruptcy Act# t9 ~' t+ ~# `8 e, ?: W: ?' Z
2006 $248 $578 1.8% Bernanke chairs Fed) J' r/ Y" @! q
2007 $161 $501 1.1% Bank crisis
7 t3 b# }" N2 w, |% M' k2008 $459 $1,017 3.1% Bank bailout, QE5 `7 @9 u; `. q1 h+ A) q( R
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
% s0 l' f' C/ c2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
) b% p0 O5 Q8 G3 b2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
' A7 X! B" Q/ ~0 W3 v7 O( }2012 $1,087 $1,276 6.7% Fiscal cliff
1 y6 n- b, G- j2013 $679 $672 4.0% Sequester, government shutdown
; y: [* t N% \. ]$ ]2014 $485 $1,086 2.7% Debt ceiling- ] t7 Z6 J# S/ T
2015 $438 $327 2.4% Defense = $736.4B
# O+ O# Z! \0 z+ i$ w2016 $585 $1,423 3.1% Defense = $767.6B
7 |. E4 X* P$ P( F' k M2017 $665 $672 3.4% Defense = $817.9B5 q# d" E7 ]7 @2 T# E5 Y! d( ^
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
7 w. X; p5 I5 T+ L. T( H; n+ ~2019 $1,091 $1,314 NA Defense = $956.5B
, H) k, o$ p0 O2020 $1,101 $1,281 NA Defense = $989B
' \4 c9 R" J1 ^. d0 n2021 $1,068 $1,276 NA NA
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