deficit financing and its role in economic development
Corresponding to that deficit US. Beyond 2030 projected deficits have increased substantially.
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Citizens businesses and governments on net had to raise 635 billion on international capital markets.
. The cumulative deficit currently projected for the next 10 years is slightly larger than what CBO projected last August because deficit increases resulting from new legislation and other changes are greater than the deficit-reducing effects of revisions to CBOs economic forecast. 1 The current account deficit has been on a steep upward trajectory in recent years rising from a relatively modest 120 billion 15 percent of GDP in 1996 to 414 billion 42 percent of GDP in 2000 on its way to its current level. As a result debt held by the public as a.
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