EconomistaAustriaco on Nostr: 🇺🇸 USA budget deficit: 2000: $236 billion 2001: $128 billion 2002: $158 billion ...

🇺🇸 USA budget deficit:

2000: $236 billion
2001: $128 billion
2002: $158 billion
2003: $378 billion
2004: $413 billion
2005: $318 billion
2006: $248 billion
2007: $161 billion
2008: $459 billion
2009: $1.41 trillion
2010: $1.29 trillion
2011: $1.30 trillion
2012: $1.07 trillion
2013: $680 billion
2014: $485 billion
2015: $442 billion
2016: $585 billion
2017: $665 billion
2018: $779 billion
2019: $984 billion
2020: $3.13 trillion
2021: $2.77 trillion
2022: $1.38 trillion
2023: $1.70 trillion
2024: $1.83 trillion

Note: A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2024, the federal government spent $6.75 trillion and collected $4.92 trillion in revenue, resulting in a deficit. The amount by which spending exceeds revenue, $1.83 trillion in 2024, is referred to as deficit spending.