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$100 Billion Increase in Deficit Is Forecast

Publié par Clifford Armion le 02/01/2010

Jackie Calmes

"WASHINGTON The additional tax cuts and public works spending that President Obama has proposed to spur job creation would add $100 billion to this year's deficit, bringing it to nearly $1.6 trillion, according to an administration official.

"A deficit of that size for the fiscal year that ends Sept. 30 would be about $150 billion greater than last year's deficit, which was the highest since World War II.

"Measured against the size of the economy, a $1.6 trillion shortfall would equal almost 11 percent of the gross domestic product. Economists generally consider annual deficits above 3 percent to be unsustainable."

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Pour citer cette ressource :

"$100 Billion Increase in Deficit Is Forecast", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), janvier 2010. Consulté le 06/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/100-billion-increase-in-deficit-is-forecast