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Federal Budget Projections

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The Congressional Budget Office projects that federal outlays as a share of GDP will decline from more than 20% to about 18.5% by the year 2007. Federal revenues will fall from almost 20% to 19%.

Suggested citation: “Federal Budget Projections,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-12, pp. 13, 12.01.1997.

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