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The last federal surplus was in 2000-2001 under the Bush administration.
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∙ 12y ago
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When did the first federal budget surplus in three decades occur?
in 1998 the United States achieved its first federal budget surplus
Why did the federal surplus disappear after 2001?
an economic downturn, costs associated with the war on terrorism, and a cut in federal taxes
What is it called when the federal government makesmore money than it collects in a fiscal year it runs a budget?
A surplus.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
What is the difference between marketable surplus and marketed surplus?
The principal difference is time perspective: marketable surplus is produce that a farmer currently has on hand to take to market to earn a profit, while marketed surplus is what she has already taken to market to earn a profit.
When was Federal Surplus Relief Corporation created?
Federal Surplus Relief Corporation was created in 1933.
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 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
Was there a federal deficit or surplus in 1998 in the United States?
rrrtr
What effect did the deal have on the federal budget?
the surplus became a deficit
Who was the last president to have a surplus in the federal budget?
Clinton did not have a surplus of $230B in the year 2000 because he had to borrow $246.5 From numerous other off budget funds. Clinton NEVER ran a surplus during his 8 years in office, he just borrowed yearly from different budgets, (primarily the SS budget) to offset the general fund losses. In 2000 the following funds were borrowed which resulted in a $16.5 deficit. $152.3B from Social Security $30.9B from Civil Service Retirement Fund $18.5B from Federal Supplementary Medical insurance Trust Fund $15.0B from Federal Hospital Insurance Trust Fund $9.0B from the Federal Unemployment Trust Fund $8.2B from Military Retirement Fund $3.8B from Transportation Trust Funds $1.8B from Employee Life Insurance & Retirement fund $7.0B from others Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit. ($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit). The last time the federal government ran a true suplus was 1969, the total surplus was $3.2B and before that was $1960, $.3 B Translation, when you are taking more than you are spending,, that is a surplus, and we were not taking in more than we were spending under Clinton.
How many days does a food surplus last?
Food Surplus lasts for 746 days!
What effect. did the new deal have on the federal. budget?
the surplus became a deficit
What did not contribute to the federal budget surplus in the 1990s?
a decrease in government spending
How important is how is it possible for the federal debt ot increase in a year when the federal government has a surplus?
chicken fingers and fries
Why did the federal surplus disappear after 2001?
an economic downturn, costs associated with the war on terrorism, and a cut in federal taxes
