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Was there a federal deficit or surplus in 1998 in the US and approximately how much?
In 1998, the federal government recorded its first
budget surplus in more than 25 years. Now, after
an extended period of deficits and three consecutive
years of surpluses, both the White House Office
of Management and Budget (OMB) and the Congressional
Budget Office (CBO) have projected annual
budget surpluses for at least the next decade. The
turnaround in the outlook for the U.S. government's
finances is stunning. Under current policies, budget
projections show that publicly held government
debt, which is currently a little more than $3.5
trillion, will be eliminated by around 2010-perhaps
earlier if the economy continues to grow faster than
anticipated.1
What else can I help you with?
Did the US have a federal deficit or surplus in 1998?
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
Was there a federal deficit or surplus in 1998 in the United States?
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Was there a federal surplus in 1998?
yes
When did the first federal budget surplus in three decades occur?
in 1998 the United States achieved its first federal budget surplus
When before 1998 did the us government have a surplus?
well you see, we have actually never been in debt. the us government has always has a surplus, the myth of a debt and deficit is to increase spending because the government is just greedy.
What year did bill Clinton balance the budget?
Bill Clinton did not technically balance the budget during his presidency. However, he did make significant progress in reducing the federal deficit, and his administration projected a balanced budget for fiscal year 1999. Ultimately, it was during the presidency of George W. Bush in 2001 that the United States experienced a brief period of budget surplus.
How does deficit financing lead to public debt?
The federal government practiced deficit financing. That is, it spent more than it took in each year and borrowed to make up the difference. The government relied on deficit financing to deal with the Depression of the 1930s, to raise money for WW2, and to fund wars and social programs over the next several decades. In fact, the government's books did not show a surplus (more income than spending) in any year from 1969 to 1998. As a result, the public debt rose year to year to more than $5.5 trillion at the beginning of fiscal year 1999.
What are the release dates for The King of Queens - 1998 Attention Deficit 5-13?
The King of Queens - 1998 Attention Deficit 5-13 was released on: USA: 20 January 2003
What are the ratings and certificates for The King of Queens - 1998 Attention Deficit 5-13?
The King of Queens - 1998 Attention Deficit 5-13 is rated/received certificates of: Germany:12 (DVD rating)
What Asian nations saw dramatic changes in their current account balances in 1997-1998?
In 1997 -98, Malaysia, Thailand, Indonesia and South Korea all had current account balances move from deficit to surplus balances. This in large part was due to a sharp decline in imports.
Which year Pakistan budget is surplus?
1969, 1998, 1999, 2000, and finally 2001 these five years had budget surplus for Pakistan
Population of philppines in 1998?
Approximately 77,725,862 in July 1998 (:
