Deficit Drops to 1.2% of GDP

11 Oct
2007


Deficit Declining Towards 2012 Surplus, originally uploaded by Rob Bluey.

The White House is reporting the deficit will be $163 billion for fiscal 2007, accounting for 1.2% of gross domestic product (GDP). For historical comparison, the 40-year average for deficits is 2.4% of the economy. In the last three years alone, the deficit has declined by $250 billion.

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