Government Budget Deficits and Economic Growth
·July 12, 2017
Fletcher School, Tufts University
Fletcher School, Tufts University
The Issue:
The United States government budget deficit was $587 billion in 2016, representing 3.2 percent of that year’s Gross Domestic Product (GDP). The Congressional Budget Office (CBO) projects that the budget deficit will rise to 5 percent of GDP in 2027, even if the economy is operating near full capacity ...Read more