The chart highlights the Top 10 US States with the Largest Budget Deficits from 2020 to 2025. California consistently records the highest deficits, peaking at 62 billion USD in 2025 (projected). New York and Illinois follow, with steady shortfalls, while Texas, New Jersey, and Michigan also show persistent fiscal gaps. States like Florida and Ohio remain on the lower end of deficits but still face ongoing challenges.
| Labels | 2020 Deficit (USD billions) | 2021 Deficit (USD billions) | 2022 Deficit (USD billions) | 2023 Deficit (USD billions) | 2024 Deficit (USD billions) | 2025 Deficit (USD billions) (Projected) |
|---|---|---|---|---|---|---|
| California | 54 | 62 | 49 | 45 | 47 | 50 |
| New York | 14 | 18 | 16 | 15 | 17 | 20 |
| Illinois | 10 | 12 | 11 | 13 | 14 | 16 |
| Texas | 8 | 9 | 7 | 8 | 10 | 12 |
| New Jersey | 6 | 7 | 6 | 6 | 7 | 8 |
| Michigan | 5 | 6 | 5 | 5 | 6 | 7 |
| Pennsylvania | 4 | 5 | 5 | 5 | 5 | 6 |
| Massachusetts | 4 | 4 | 4 | 5 | 4 | 5 |
| Ohio | 3 | 3 | 3 | 3 | 4 | 5 |
| Florida | 3 | 3 | 3 | 4 | 5 | 5 |
Free Top 10 US States with the Largest Budget Deficits from 2020 to 2025 Template
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