Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
Feb. 9, 2015
This chart shows the size of the federal budget deficit (or surplus) as a share of the overall U.S. economy (measured by Gross Domestic Product, or GDP) dating back to 1930. In President Obama’s fiscal year 2016 budget, the deficit amounts to 2.5 percent of the economy. That’s on par with annual deficits since World War II.