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Budget Deficit 2013.pdf

44716- MBR_FY2013_0.pdf
Preview of Budget Deficit 2013
🔗 Source: cbo.gov
📊 Size: 139 KB
👤 Author: Congressional Budget Office
⬇️ Downloads: 69

Summary

The federal government incurred a budget deficit of $680 billion in fiscal year 2013, $409 billion less than in 2012, with the deficit declining to 4.1% of GDP from 6.8% in 2012. Receipts increased by $325 billion to $2.8 trillion, while outlays decreased by $84 billion to $3.4 trillion. Individual income taxes, social insurance taxes, and corporate income taxes all increased, with individual income taxes rising by 16% to $1.3 trillion. Net spending by the government was lower than in any year since 2008, amounting to 20.8% of GDP.

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Description

The federal government incurred a budget deficit of $680 billion in fiscal year 2013, $409 billion less than in 2012, with the deficit declining to 4.1% of GDP...

Technical Information

  • File Format: PDF
  • File Size: 139 KB
  • Pages: 4
  • Language: EN
  • Author: Congressional Budget Office
  • Total Downloads: 69
  • Last Updated: 6 days ago

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