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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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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 u9 ~! L# S' z+ V) G9 O8 ?% F 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
( q, j4 y* H( d) z9 d1 y" y" j: n# u1929 ($1) ($1) (0.7%) Market crash4 m! b5 W# n# z# d# U. [5 K
1930 ($1) ($1) (0.8%) Smoot-Hawley
$ ~2 e8 R4 g4 z; M3 O1931 $0 $1 0.6% Dust Bowl
' j, V- T' `4 b' H1932 $3 $3 4.5% Hoover tax hike
& M' E+ o! Q9 t6 A& V* w2 U2 j8 d4 w1933 $3 $3 4.5% FDR New Deal* T+ J. i; ^! Z9 ~8 E2 ]5 ? a/ |
1934 $4 $5 5.4% GDP up 10.8%, debt also rose" d6 p8 M( H8 |+ R1 R& O2 e
1935 $3 $2 3.8% Social Security* G* I4 K; C b
1936 $4 $5 5.1% Tax hikes: m5 c! _8 O" p4 @5 Y
1937 $2 $3 2.4% Depression returned, third New Deal
) S6 y8 |8 r" A# J# t. l1938 $0 $1 0.1% Dust Bowl ended
% L- ]$ v4 f# U$ N6 N8 r. m1939 $3 $3 3.0% Depression ended
( i' E# j4 {$ r# t5 A1940 $3 $3 2.8% Defense increased* a0 g4 c& O, u; [
1941 $5 $6 3.8% Pearl Harbor
6 }4 a) t; z' a. _; |4 Z9 j4 l1942 $21 $23 12.3% Battle of Midway3 z" O/ n `' g/ J
1943 $55 $64 26.9% Defense tripled
) R7 }4 H4 ?% A1944 $48 $64 21.2% Bretton Woods- M9 ?7 F* F$ Z9 q
1945 $48 $58 20.0% WWII ended, w0 j4 ^# ?# e
1946 $16 $11 7.0% Recession2 g; G# h0 r; R( z8 I1 t4 _0 a
1947 ($4) ($11) (1.6%) Cold War1 ~8 L* J- \' L1 W6 J! x0 V! n
1948 ($12) ($6) (4.2%) Recession
- ]! s/ \' w. x1 U0 g& P1949 ($1) $0 (0.2%) Recession% C( h ]) w2 Y* G. L o' e
1950 $3 $5 1.0% Korean War0 e! k: B% Q; A) F. ^8 f
1951 ($6) ($2) (1.7%) Expansion
% f" X9 f U; |7 H5 v# u1952 $2 $4 0.4% Expansion
; l. D8 a% s; m. h( R L1953 $6 $7 1.7% Korean War ended, recession
% t2 ^! n0 G* @, A6 e9 a9 t* s1954 $1 $5 0.3% Recession, Eisenhower budgets9 p0 S4 k$ G$ N' y6 A" V
1955 $3 $3 0.7% Expansion
+ B5 I0 b) E4 c1956 ($4) ($2) (0.9%) Expansion
" J/ j& M1 a6 t* N* v* F1957 ($3) ($2) (0.7%) Recession
( Z H4 H+ d6 g) t; {0 f1958 $3 $6 0.6% Recession ended# y# b3 X4 h4 D
1959 $13 $8 2.4% Fed raised rates
% S$ k2 K6 N8 V- A$ {1960 $0 $2 (0.1%) Recession& V$ ]; r* k n9 Q$ P* {5 a
1961 $3 $3 0.6% JFK & Bay of Pigs' t6 J8 N& s: K7 {- G
1962 $7 $10 1.2% Cuban Missile Crisis% J8 F$ f- s7 {; _3 {
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
0 {$ o8 e; t6 r" u1964 $6 $6 0.9% LBJ War on Poverty
+ ^" k, e0 E4 k9 p( X7 ^/ r1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War' t; ~ l1 t! ^$ h" E9 q/ Y: L
1966 $4 $3 0.5%
$ Z; ^( h: L6 _" V N O! C1967 $9 $6 1.0% Expansion
# R, S, p2 t- A3 O( U" H5 B5 }( e1968 $25 $21 2.6% Moon landing
+ ]; Q' l, ^3 U* [# K( l' h1969 ($3) $6 (0.3%) Nixon took office/ P" ]6 q7 i/ h3 r8 ^/ I. E3 y
1970 $3 $17 0.3% Recession3 g- n3 H5 ~/ T. C- P6 l
1971 $23 $27 2.0% Wage-price controls
& X+ N- B# n6 I3 v1972 $23 $29 1.8% Stagflation- F1 L: X \8 X* x5 D. H
1973 $15 $31 1.0% End of gold standard! Q& T' {6 P) B$ L* Y V" N
1974 $6 $17 0.4% Budget process created, Watergate
1 X! s& z6 }2 M' Y4 `1975 $53 $58 3.1% Ford budget, Vietnam War ended
7 z. \ A0 t/ [0 q& M1976 $74 $87 3.9% Stagflation
0 [* q4 Y e6 U% x" L7 B1977 $54 $78 2.5% Stagflation
' v2 o# P7 I4 P2 E1978 $59 $73 2.5% Carter budget, Recession( `- G, G( ?* x0 S* \1 P' Q0 Y/ B- B, Y/ X
1979 $41 $55 1.5% Recession$ z+ G( X& T) S0 r) t1 X1 {
1980 $74 $81 2.6% Volcker raised rates to 20%* o/ k+ K$ f. ]1 m$ ~
1981 $79 $90 2.4% Reagan tax cut& @& p9 X! V; \- Q
1982 $128 $144 3.8% Reagan increased spending' }/ Y; _" r- o
1983 $208 $235 5.6% Jobless rate was 10.8%
9 p2 n5 I4 J( f& C7 y1 R3 e1984 $185 $195 4.5% Increased defense spending
% P" B' ]( D @: S: N$ S( p0 u1985 $212 $256 4.8% Increased defense spending" Y" I# A6 d$ R) W5 S, Y
1986 $221 $297 4.8% Tax cut
2 R; J3 S" W8 E, Q4 w0 R- [0 O( v1987 $150 $225 3.1% Market crash
; T6 g7 J9 E, O" `- t4 q6 c5 T1988 $155 $252 2.9% Fed raised rates
, u1 Z6 ^7 \. Z' t) |- u6 L5 }1989 $153 $255 2.7% S&L Crisis, Bush 41 budget0 K3 |) o: r# {2 V
1990 $221 $376 3.7% Desert Storm
" i2 ~) Y& W3 u" a1991 $269 $432 4.3% Recession
( a3 j% Y( l' i) v2 A/ ]1992 $290 $399 4.4% Expansion2 V+ Q( L, T4 g
1993 $255 $347 3.7% Clinton signed Budget Act+ g2 E; C2 X2 Q Y
1994 $203 $281 2.8% Clinton budget
# o. R9 U, I( ]1995 $164 $281 2.1% Expansion" E0 U0 T$ h6 `, ]) k6 _# q
1996 $107 $251 1.3% Welfare reform
- H0 C K5 f& C5 l. A# N7 U1997 $22 $188 0.3% Expansion
" z( ?% m4 j" F8 W1 W4 {, [1998 ($69) $113 (0.8%) LTCM crisis, recession
' f. v6 P/ k, }1999 ($126) $130 (1.3%) Glass-Steagall repealed
4 O% l" ]. Y0 K0 A4 Z& }3 H2000 ($236) $18 (2.3%) Surplus0 O" n7 i: m) Y# W2 {
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
( x J/ e; i- Y* v2 \2002 $158 $421 1.4% War on Terror
r4 g3 w, j: b8 T8 M( B9 V2003 $378 $555 3.3% JGTRRA
: d0 {/ t: X0 E2 j2 t' z2004 $413 $596 3.4% Iraq War5 d) d7 y3 U6 h: p) {: [& g3 h
2005 $318 $554 2.4% Katrina, Bankruptcy Act
0 Y' Y5 ^. q8 W; |( k' @2006 $248 $578 1.8% Bernanke chairs Fed# G9 `0 A. X4 V0 Q4 C3 w5 o
2007 $161 $501 1.1% Bank crisis2 P: z5 m, j* ^7 S. g1 y3 ]" m
2008 $459 $1,017 3.1% Bank bailout, QE
) _8 ~. h4 ^* O) J/ x! K, v2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
) {. Y/ ?# X' \# q2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles( ~' ]4 j; O" A" P! g; X! f
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue% v4 N) l% M; K& ]
2012 $1,087 $1,276 6.7% Fiscal cliff
, \1 j+ @: G: b7 M, h( ^6 E" N' {4 ^2013 $679 $672 4.0% Sequester, government shutdown! c0 ?% ^, D! ]. k" J( L, A, H
2014 $485 $1,086 2.7% Debt ceiling. _( g x- @2 x
2015 $438 $327 2.4% Defense = $736.4B
& M" S( k* p6 X: ~# I. x2016 $585 $1,423 3.1% Defense = $767.6B- R" u: q2 d2 B" Y& O" I
2017 $665 $672 3.4% Defense = $817.9B6 j- j3 ?& |- A4 u" t
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts4 g. S& p& l0 u
2019 $1,091 $1,314 NA Defense = $956.5B
4 B: h9 P8 O p+ e$ x; I- w) Y2020 $1,101 $1,281 NA Defense = $989B
4 e1 t9 @* s4 ~* p. F1 X" m2021 $1,068 $1,276 NA NA0 S) L, ^& N% }# u1 v* j/ _
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