Long-Term Budget Outlook

Long-Term Budget Outlook

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Details

  • ISBN
    9781611221909 / 1611221900
  • Title Long-Term Budget Outlook
  • Author
  • Category Economics
    Public Finance
  • Format
    Hardcover
  • Year 2011
  • Pages 175
  • Publisher
    Nova Science Publishers Inc
  • Imprint Nova Science Publishers Inc
  • Language English
  • Dimensions 230mm x 155mm

Annotation

The federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II. As a result of those deficits, the amount of federal debt held by the public has surged. This book examines the long-term budget outlook with a focus on federal budget spending and revenue scenarios.

Publisher Description

Recently, the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II. As a result of those deficits, the amount of federal debt held by the public has surged. At the end of 2008, that debt equalled 40 percent of the nation's annual economic output, as measured by GDP, a little above the 40 year average of 36 percent. Since then, large budget deficits have caused debt held by the public to shoot upward. As the economy recovers and the policies adopted to counteract the recession and the financial turmoil phase out, budget deficits will probably decline markedly in the next few years. But over the long term, the budget outlook is daunting. This book examines the long-term budget outlook with a focus on federal budget spending and revenue scenarios.

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Long-Term Budget Outlook

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