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Diane Publishing Books
Update to the Budget and Economic Outlook: 2015 to 2025
Keith Hall (ad)
This report shows that according to the Congressional Budget Office劌製 (CBO劌製) estimates, this year劌製 deficit will be noticeably smaller than what CBO project in March, and FY 2015 will mark the sixth consecutive year in which the deficit has decline as a percentage of GDP since it peaked in 2009. Over the next 10 years, however, the budget outlook remains much the same as CBO described earlier this year. If current laws generally remain unchanged, within a few years the deficit will begin to rise again relative to GDP, and by 2025, debt held by the public will be higher relative to the size of the economy than it is now. Even though federal borrowing continues to rise, the government劌製 net interest costs will fall by nearly 5% this year, mainly because lower inflation has reduced the cost of the Treasury Department劌製 inflation-protected securities. Tables and figures. This is a print on demand report.
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