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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. + Y( c% L) g0 j( ]8 e
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2020财年美国预算赤字预计为1.1万亿美元( J1 A3 j% A7 l4 D
( [* _, o9 Y8 s7 | l/ [% s: r4 [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.+ I' y( r8 T( y- B' x7 h
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6 \% r! ^6 U' Q
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
# k2 G9 C/ Y9 t G6 L1929 ($1) ($1) (0.7%) Market crash- [0 w) L5 O& g& G) h2 Q
1930 ($1) ($1) (0.8%) Smoot-Hawley ?' p9 L" c+ C! O7 Q! u3 }- G
1931 $0 $1 0.6% Dust Bowl7 a% n6 ?' V! E
1932 $3 $3 4.5% Hoover tax hike
4 ~: H1 W; F7 s! x% [" U' I1933 $3 $3 4.5% FDR New Deal
, F% z- H0 b" w1 Z# q4 `& r1934 $4 $5 5.4% GDP up 10.8%, debt also rose0 l% [* B& r0 @) b! U) C
1935 $3 $2 3.8% Social Security' X- e' \5 q5 Y0 @! y7 J
1936 $4 $5 5.1% Tax hikes% N$ i7 K; _8 x7 A" g7 F8 Z
1937 $2 $3 2.4% Depression returned, third New Deal8 H5 n* O D4 H8 a( R* {4 ]0 g
1938 $0 $1 0.1% Dust Bowl ended8 c3 n c5 ^8 A5 g, m1 H
1939 $3 $3 3.0% Depression ended% H0 P ^4 E" _
1940 $3 $3 2.8% Defense increased; Q/ t) [( a/ u. d* j! ~- X. \6 l
1941 $5 $6 3.8% Pearl Harbor
& L5 D3 _8 W! v5 r! x8 E" T9 Y1942 $21 $23 12.3% Battle of Midway; G: B& O- I( E9 x3 @* Y
1943 $55 $64 26.9% Defense tripled1 d, G1 f5 o" s) e& L) N3 T) ~
1944 $48 $64 21.2% Bretton Woods
5 s8 B: T, a) I, X5 W) Z1945 $48 $58 20.0% WWII ended
: \+ m" ]5 H, x/ u+ T# i, B7 a1946 $16 $11 7.0% Recession
$ q& q* D8 a: Z3 {4 f+ }" H) u1947 ($4) ($11) (1.6%) Cold War
" L& @0 r. x: _$ V1948 ($12) ($6) (4.2%) Recession2 B8 c3 }. M$ b
1949 ($1) $0 (0.2%) Recession1 J1 b' k% s* W! `% ]
1950 $3 $5 1.0% Korean War
) d5 W2 O. d0 a8 e. g4 r5 _ z, ]/ q1951 ($6) ($2) (1.7%) Expansion. f' {. b) l/ E# J! a( A+ q( O% e
1952 $2 $4 0.4% Expansion0 Y# S$ m6 t C ~
1953 $6 $7 1.7% Korean War ended, recession% M6 S" k/ w9 N; O/ i
1954 $1 $5 0.3% Recession, Eisenhower budgets" N n" k4 d' [
1955 $3 $3 0.7% Expansion( D8 L! F6 M% X
1956 ($4) ($2) (0.9%) Expansion2 r, z f, f( {, m7 v2 y- y
1957 ($3) ($2) (0.7%) Recession
, ^& @, T) e! ]9 X l4 M# ]. \1958 $3 $6 0.6% Recession ended/ ^' i% x6 E. K/ N
1959 $13 $8 2.4% Fed raised rates
/ `) x8 X# c: B) ^) R7 |1960 $0 $2 (0.1%) Recession* d: Y. V! K2 H) s+ t* W
1961 $3 $3 0.6% JFK & Bay of Pigs# F3 T, ~$ M8 H' C* Y- i
1962 $7 $10 1.2% Cuban Missile Crisis
5 r1 I& N% L2 I1 V3 h1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
3 \7 S. N0 w& I; q, p- b1964 $6 $6 0.9% LBJ War on Poverty
6 i- j8 E' ~' P& R( N; t4 m( Y1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
# q0 Y7 S6 T0 n& \1966 $4 $3 0.5%
{ r1 S( Q3 ]9 E2 \( ^5 i/ U! w3 U1967 $9 $6 1.0% Expansion* @1 o/ _+ c; m! o# P) T
1968 $25 $21 2.6% Moon landing
# p* B" M, ` M/ v) h; m. X+ n1969 ($3) $6 (0.3%) Nixon took office& D3 n4 ~; o, z6 Y- V
1970 $3 $17 0.3% Recession
2 t% a5 J) b" g5 d& Z, e3 @, ?1971 $23 $27 2.0% Wage-price controls
: J! v& ~! N* j9 R7 K# W6 C/ [5 M5 |1972 $23 $29 1.8% Stagflation2 i$ S7 _; |# N# ~
1973 $15 $31 1.0% End of gold standard
8 e5 B8 K$ @' @0 ?: D$ ?1974 $6 $17 0.4% Budget process created, Watergate
9 C8 H. W/ r/ W3 b2 i, a5 E2 r1975 $53 $58 3.1% Ford budget, Vietnam War ended
5 G: U% ^8 [5 k8 M/ ?1976 $74 $87 3.9% Stagflation
- {. `: l/ o X( c1977 $54 $78 2.5% Stagflation
5 f7 y0 r* L, c1978 $59 $73 2.5% Carter budget, Recession* z8 m) [7 T/ h' ?0 Z7 Q
1979 $41 $55 1.5% Recession
+ r3 n+ `* E: M1 d3 A7 h1980 $74 $81 2.6% Volcker raised rates to 20%7 T; r1 h, i( R) e2 j: A
1981 $79 $90 2.4% Reagan tax cut
5 L ?* K' z; \5 e+ \ X1982 $128 $144 3.8% Reagan increased spending
: a- P! T2 K% d. s" l1 ]1983 $208 $235 5.6% Jobless rate was 10.8%
5 l3 t% a- g. S, o0 Z# D2 H2 R1984 $185 $195 4.5% Increased defense spending( C6 B" f( X' z5 J1 x& s
1985 $212 $256 4.8% Increased defense spending
8 c" G% }9 I0 O0 n/ }/ l' X: j1986 $221 $297 4.8% Tax cut
5 y/ S: @! u p" d1987 $150 $225 3.1% Market crash
X$ Q; s% O0 t( P2 b. M* n! H1988 $155 $252 2.9% Fed raised rates
% ^% ^5 d s- d( O5 m9 T, v6 }1989 $153 $255 2.7% S&L Crisis, Bush 41 budget2 R& z' ?+ @; u. @
1990 $221 $376 3.7% Desert Storm
- Z* D& W( Z& E0 O1991 $269 $432 4.3% Recession
- {" Q" P+ W* X( \* B9 x2 ]" L1992 $290 $399 4.4% Expansion% z9 d1 S& j. v- A% f& e( b. ]' M
1993 $255 $347 3.7% Clinton signed Budget Act! _+ h# z$ ]) Z ]# ]' z/ m! ^) x
1994 $203 $281 2.8% Clinton budget9 \; A7 T% K/ [- z4 w# B) U
1995 $164 $281 2.1% Expansion
5 A+ A, U$ e# h" I% A( n- @# @; Z1996 $107 $251 1.3% Welfare reform! \1 u8 _! a& [1 T4 u' r0 A1 w
1997 $22 $188 0.3% Expansion. C4 N# P8 y+ u1 j
1998 ($69) $113 (0.8%) LTCM crisis, recession
3 P q; b5 K* ~1999 ($126) $130 (1.3%) Glass-Steagall repealed
% R; z& e1 t Q: j2 l5 i2000 ($236) $18 (2.3%) Surplus
0 @) G; \% q( m; J" I# k% u+ b7 r. ~2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA/ _, J3 b! Z7 [' E: B- u
2002 $158 $421 1.4% War on Terror
. h" V- t9 z" t3 h# c0 G0 r8 v2003 $378 $555 3.3% JGTRRA; U+ b% e, t; u9 U# d+ {5 N* C
2004 $413 $596 3.4% Iraq War
& Q; s. D2 [1 M2005 $318 $554 2.4% Katrina, Bankruptcy Act C% b2 [: {* m1 P' N
2006 $248 $578 1.8% Bernanke chairs Fed% B$ }8 Y+ T9 B" |9 k, U" B2 g; {
2007 $161 $501 1.1% Bank crisis
* H* d2 [! _) E5 y' G I2008 $459 $1,017 3.1% Bank bailout, QE
# s0 W* S n" m' Y& V. L3 E5 q2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B' ]; t1 X+ K' H- U0 f5 _7 P s3 E
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
0 B2 l7 @ k; Z9 E' ^9 \( i! `2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue5 m2 Y! K+ O: }/ H+ G
2012 $1,087 $1,276 6.7% Fiscal cliff
! _7 O6 ~0 p" J- {3 D; P7 v2013 $679 $672 4.0% Sequester, government shutdown+ f0 h# J7 a! k* z( m l, l
2014 $485 $1,086 2.7% Debt ceiling
4 F" l2 }9 |! Z ~% s+ ?! a% p2015 $438 $327 2.4% Defense = $736.4B. |. F- r8 b3 I/ z4 `* h y
2016 $585 $1,423 3.1% Defense = $767.6B
, T0 w9 ]0 k# q: q4 l2017 $665 $672 3.4% Defense = $817.9B
+ w* a+ Q0 i4 p0 e( h& s- e, U' X2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
& \ j h* d/ Q5 ~: b2019 $1,091 $1,314 NA Defense = $956.5B
# f! I3 Q3 q5 e2020 $1,101 $1,281 NA Defense = $989B$ s$ R* ^6 g9 z* |
2021 $1,068 $1,276 NA NA
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