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Diane Publishing Books
Economic & Budget Outlook: An Update
June E. OíNeill (ed). A projection that the federal budget for fiscal year 1998 will record a total surplus of $63 billion, or 0.8% of gross domestic product (GDP). If current policies remain unchanged, the surplus is expected to rise to $80 billion in 1999 & reach $251 billion (nearly 2% of GDP) by 2008. Excluding the surplus in Social Security & the net outlays of the Postal Service (both legally classified as off-budget), the new projections show an on-budget deficit of $41 billion in 1998, which gives way to surpluses in 2002 & in 2005 through 2008. Includes the economic outlook, the budget outlook, the revenue outlook, & dozens of appendixes. Extensive charts & tables.
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