Federal deficit stands at $984 billion so far this year, up 26%

“The federal budget deficit was $984 billion in fiscal year 2019, the Congressional Budget Office estimates. CBO’s estimate is based on data from the Daily Treasury Statements issued by the Department of the Treasury; the department will report the actual deficit for fiscal year 2019 later this month. Relative to the size of the economy, the deficit—at an estimated 4.7 percent of gross domestic product (GDP)—was the highest since 2012, and 2019 was the fourth consecutive year in which the deficit increased as a percentage of GDP”. Read more

Image By snty-tact (Talk) – snty-tact (Talk)’s file., CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=1142616

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