Https://www.cbo.gov/ Sites/default/files/ 115th-congress-2017- 2018/graphic/52408-b Udgetoverall.pdf

52408-budgetoverall.pdf
Preview of https://www.cbo.gov/ sites/default/files/ 115th-congress-2017- 2018/graphic/52408-b udgetoverall.pdf
🔗 Source: cbo.gov
📊 Size: 196 KB
👤 Author: Congressional Budget Office
⬇️ Downloads: 86

Summary

The US federal budget deficit rose to $587 billion in 2016, a 34% increase from 2015, with the deficit as a percentage of GDP increasing from 2.4% to 3.2%. Debt held by the public reached 77% of GDP, the highest ratio since 1950, with mandatory spending accounting for $2.4 trillion, discretionary spending for $1.2 trillion, and net interest for $241 billion. Revenues totaled $3.3 trillion, with individual income taxes accounting for $1.5 trillion and payroll taxes for $1.1 trillion.

Description

The US federal budget deficit rose to $587 billion in 2016, a 34% increase from 2015, with the deficit as a percentage of GDP increasing from 2.4% to 3.2%.

Technical Information

  • File Format: PDF
  • File Size: 196 KB
  • Pages: 1
  • Language: EN
  • Author: Congressional Budget Office
  • Total Downloads: 86
  • Last Updated: 2 months ago

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