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Diane Publishing Books
Budget and Economic Outlook: Fiscal Years 2008-2017
Peter R. Orszag (pf)
If current laws & policies remained the same, the budget deficit would equal roughly 1% of gross domestic product (GDP) each fiscal year from 2007 to 2010. Those deficits would be smaller than last year’s budgetary shortfall, which equaled 1.9% of GDP. Under the assumptions that govern these baseline projections, the budget would essentially be balanced in 2011 & then would show surpluses of about 1% of GDP each year through 2017 (the end of the current 10-year projection period). Charts & tables.
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