Analyst Pin-board: US fiscal deficit - Not getting better
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The Congressional Budget Office (CBO) estimates that the US federal fiscal deficit will total $3.3 trillion in 2020, or 16 percent of GDP—the largest shortfall relative to the size of the economy since 1945. This does not include every of the 50 states own deficits. Some states experience greater swings in tax revenue from year to year than others do, leading to surprise shortfalls or windfalls that can make it hard to manage budgets. Alaska experienced the greatest volatility over the past two decades and South Dakota the least. |
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