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- United States federal budget - WikipediaThe budget deficit in fiscal 2018 (which runs from October 1, 2017 to September 30, 2018, the first year budgeted by President Trump) is forecast to be $804 billion, an increase of $139 billion (21%) from the $665 billion in 2017 and up $242 billion (39%) over the previous baseline forecast (June 2017) of $580 billion for 2018. The June 2017 forecast was essentially the budget trajectory inherited from President Obama; it was prepared prior to the Tax Act and other spending increases under ...
- Budget | Congressional Budget OfficeBUDGET PROJECTIONS FOR FY 2018. CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
- U.S. Budget Deficit - Bloombergreported that the budget deficit for the 2018 fiscal year rose to a six-year high of $779 billion.
- Budget and Economic Data | Congressional Budget OfficeBudget and Economic Data CBO regularly publishes data to accompany some of its key reports. These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook .
- What is a Budget Deficit? - Definition, Causes & History ...Definition of Budget Deficit. A budget deficit occurs when an individual, business or government budgets more spending than there is revenue available to pay for the spending, over a specific period of time. Debt is the aggregate value of deficits accumulated over time. We will be focusing on government deficits in this lesson.
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