Budgetary & Economic Outlooks to 2023 & their Macroeconomic Effects
Book Details
Format
Paperback / Softback
ISBN-10
1626187606
ISBN-13
9781626187603
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jul 1st, 2013
Print length
91 Pages
Weight
244 grams
Dimensions
22.60 x 15.20 x 0.90 cms
Product Classification:
Macroeconomics
Ksh 15,300.00
Not available
Delivery Location
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Secure
Quality
Fast
If current laws remain in place, the Congressional Budget Office (CBO) estimates, the federal budget deficit will total $845 billion in fiscal year 2013; this will be the first time since 2008 that the budget shortfall will be less than $1 trillion. At 5.3 percent of gross domestic product (GDP), that deficit will be well below the peak of 10.1 percent in 2009 but still larger than in all by one year between 1947 and 2008. As a result, debt held by the public is estimated to increase to 76 percent of GDP by the end of 2013, the largest ratio since 1950. This book examines the budgetary and economic outlooks to fiscal year 2023 and their macroeconomic effects.
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