Congressional Budget Office Releases Monthly Budget Review for November 2017
November 21, 2017
November 21, 2017
WASHINGTON, Nov. 21 -- The Congressional Budget Office issued the following monthly budget review:
In fiscal year 2017, which ended on September 30, the federal budget deficit totaled $666 billion--$80 billion more than the shortfall recorded in 2016. The deficit increased to 3.5 percent of the nation's gross domestic product (GDP) in 2017, up from 3.2 percent in 2016 and 2.4 percent in 2015--but far lower than it was in 2009, when the deficit reached 9.8 percent of GDP.
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In fiscal year 2017, which ended on September 30, the federal budget deficit totaled $666 billion--$80 billion more than the shortfall recorded in 2016. The deficit increased to 3.5 percent of the nation's gross domestic product (GDP) in 2017, up from 3.2 percent in 2016 and 2.4 percent in 2015--but far lower than it was in 2009, when the deficit reached 9.8 percent of GDP.
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