Question

What is the level of US federal government budget surplus/deficit? Today? Last 10 years? Forecasted for...

What is the level of US federal government budget surplus/deficit? Today? Last 10 years? Forecasted for the next 3-5 years? Try to find absolute numbers and as a share of GDP.

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Answer #1

Fiscal deficit for 2017 was 3.4% of GDP and for 2018 it is projected around 4.2%.

For next 4-5 years deficit will be around 3-5% because of cetral bank intervention and fiscal consolidation policy.

In past decades fiscal deficit was varying around from 1% to around 9% and maximum post housing bubble crisis.

In terms of number,

In 2017 it was 656 billion dollars. In 2007,160 billion dollars and after financial crisis increase to 458 billion dollars in 2008 and again 1473 billion dollars in 2009.

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