Free Top 20 U.S. States with the Largest Budget Deficits (2020-2025) Chart
The chart shows that California faces the most significant budget deficit between 2020 and 2025, reaching USD 46.2 million, emphasizing major fiscal challenges. New York follows with a deficit of USD 28.4 million, reflecting sustained economic pressures in a high-cost state. Illinois records USD 15.2 million, ranking third and highlighting ongoing structural financial issues. New Jersey shows a deficit of USD 11 million, while Texas reaches USD 9.5 million, demonstrating broad impacts across both high- and low-tax states. Florida posts USD 7.5 million, and Pennsylvania follows at USD 7.2 million. Ohio registers USD 6.3 million, with Michigan at USD 5.9 million, and Massachusetts at USD 5.1 million. Smaller deficits are observed in states like Georgia (USD 4.7 million) and Missouri (USD 1.9 million), illustrating varying fiscal capacities across states. The wide range of deficits underscores the need for economic reform and strategic budgetary planning.
| Labels | 2020–2025 Deficit (USD millions) |
|---|---|
| California | 46.2 |
| New York | 28.4 |
| Illinois | 15.2 |
| New Jersey | 11 |
| Texas | 9.5 |
| Florida | 7.5 |
| Pennsylvania | 7.2 |
| Ohio | 6.3 |
| Michigan | 5.9 |
| Massachusetts | 5.1 |
| Georgia | 4.7 |
| North Carolina | 4.1 |
| Virginia | 4 |
| Washington | 3.9 |
| Indiana | 2.9 |
| Maryland | 2.8 |
| Wisconsin | 2.5 |
| Minnesota | 2.2 |
| Tennessee | 2 |
| Missouri | 1.9 |
