Friday, 25 September 2009

Source: Budget Office expects a deficit of $ 219 billion in the budget of America

Source: Budget Office expects a deficit of $ 219 billion in the budget of America

WASHINGTON (Reuters) - The source said that the Congressional Budget Office estimates will be issued on Wednesday, indicating that the budget deficit in the United States will rise to 219 billion dollars this year from 163 billion dollars last year. But these are the nonpartisan Congressional Budget Office do not include the cost of project Law to stimulate the economy moving rapidly in Congress that could reach about 150 billion dollars or more. Nor does it cover the projected shortfall in fiscal 2008 which ends on September 30 September that more money is likely to approved by Congress this year of the war in Iraq. The source, who asked not to be named, said the Congressional Budget Office forecasts to be published later on Wednesday Refers to a deficit of 198 billion dollars in fiscal year 2009 total 241 billion dollars in 2010. The source said the office expected the budget deficit in 2011 of $ 117 billion dollar budget surplus of 87 billion dollars in 2012. However, these projections assume the expiration of tax cuts introduced by President George W. Bush in 2001 and 2003 at the end of 2010 as well as the expiration of the temporary bill to determine the alternative minimum tax. The Bureau predicted in August that the budget deficit to reach 155 billion dollars Fiscal year 2008. But that was before the emergence of signs of economic slowdown

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