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Official Treasury Report Shows Fourth Year Of Deficit Growth, Despite Economic Recovery

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Publication Date: October 2004

Publisher(s): Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Richard Kogan; Robert Greenstein

Funder(s): Center on Budget and Policy Priorities (Washington, D.C.)

Funder(s): Center on Budget and Policy Priorities (Washington, D.C.)

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Economics (Economic conditions)

Keywords: Economic projections; Fiscal future; Federal budget; National debt

Type: Report

Abstract:

Fiscal Year 2004 ended on September 30, and today the Treasury Department reported that the deficit for 2004 was $413 billion, or 3.6 percent of Gross Domestic Product.