Budget and Economic Outlook: 2014 to 2024

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By John Skeen (ed)
Year: 2014
Pages: 182
Binding Paperback
ISBN 978-1-4578-5327-2

Product Code: 1457853272

Description

This report shows that the federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further in 2014 and 2015. The Congressional Budget Office (CBO) estimates that under current law, the deficit will total $514 billion in FY 2014, compared with $1.4 trillion in 2009. At that level, this yearäó»s deficit would equal 3.0% of the nationäó»s economic output, or gross domestic product (GDP) -- close to the average percentage of GDP seen during the past 40 years. This report provides baseline projections of what federal spending, revenues, and deficits would look like over the years 2014-2024 if current laws governing federal taxes and spending generally remained unchanged. Tables and figures. This is a print on demand report.

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