Deficit: The amount by which the government's total budget outlays exceeds its total receipts for a fiscal year. US Senate Budget Committee
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| Obama Deficits | Bush Deficits |
| FY 2013*: $901 billion | FY 2009: $1,413 billion |
| FY 2012*: $1,327 billion | FY 2008: $459 billion |
| FY 2011: $1,300 billion | FY 2007: $161 billion |
| FY 2010: $1,293 billion |
Although the federal deficit is the amount each year by which federal outlays in the federal budget exceed federal receipts, the gross federal debt increases each year by substantially more than the amount of the deficit each year. That is because a substantial amount of federal borrowing is not counted in the budget. See here.
Recent US Federal Deficits
Click chart for briefing on Federal Deficit. For numbers and more click here. | Click chart for briefing on Federal Deficit. For numbers and more click here. |
The two charts show above show recent and budgeted deficits for the US federal government. On the left is a chart of the deficit in current dollars. On the right is a chart of the deficit as a percent of Gross Domestic Product (GDP).
Note:
* Federal Deficit after 2011 is budgeted.
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Sources for 2007:
GDP: Measuring Worth - US GDP
Federal:
Budget of the US Government
State: State and Local Gov. Finances
Sources for 2017:
GDP: US Budget FY13 Table 10.1
Federal:
Budget of the US Government
State: State and Local Gov. Finances
> data sources for other years
> data update schedule.
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You can now examine federal government budget data on usgovernmentspending.com going back to 1986.
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We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
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