Economy · Government debt and deficits

U.S. Federal Deficit (monthly)

YearAverageYear close
1980−$9.3B−$2.0B
1981−$6.5B−$19.5B
1982−$10.9B−$17.9B
1983−$15.9B−$16.7B
1984−$15.3B−$14.6B
1985−$18.0B−$14.7B
1986−$17.6B−$12.4B
1987−$13.9B−$24.4B
1988−$11.8B−$12.8B
1989−$12.9B−$14.8B
1990−$19.7B−$7.4B
1991−$22.2B−$2.5B

Source: FRED MTSDS133FMS (Federal Surplus or Deficit [-]). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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