Free Top 10 U.S. States with the Largest Budget Deficits (2020-2025) Chart
The chart illustrates the states facing the highest budget deficits between 2020 and 2025, emphasizing the magnitude of fiscal shortfalls across key U.S. economies. California records the largest deficit at $84.1 billion, significantly outpacing other states and underscoring the scale of its fiscal challenges. New York follows with $68.9 billion, reflecting substantial budgetary pressure in another major economy. Illinois ranks third with $28.9 billion, while New Jersey reports $24.9 billion, and Utah records $19.3 billion. Ohio stands at $15.7 billion, Texas at $14.3 billion, and Nebraska at $13.9 billion. The states with the smallest deficits in the top ten are Michigan with $12.3 billion and Florida with $11.9 billion. These figures highlight growing fiscal strain in economically significant states, signaling the importance of strategic financial management to address increasing budgetary gaps in the coming years.
| Labels | Total Deficit (2020–2025) (USD billions) |
|---|---|
| California | 84.1 |
| New York | 68.9 |
| Illinois | 28.9 |
| New Jersey | 24.9 |
| Utah | 19.3 |
| Ohio | 15.7 |
| Texas | 14.3 |
| Nebraska | 13.9 |
| Michigan | 12.3 |
| Florida | 11.9 |
