PostmodernProphet
fully immersed in faith..
from the above....
CBO’s estimate of the deficit for this year is about $200 billion below the estimate that it produced in February 2013, mostly as a result of higher-than-expected revenues and an increase in payments to the Treasury by Fannie Mae and Freddie Mac.
1
For the 2014–2023 period, CBO now projects a cumulative deficit that is $618 billion less than it projected in February. That reduction results mostly from lower projections of spending for Social Security, Medicare, Medicaid, and interest on the public debt.
from the other....
Table
S–1.
BUDGET TOTALS
(I
n billions of dollars and as a percent of GDP)
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Totals
2014–
2018
2014–
2023
Budget Totals in Billions of Dollars:
Receipts
....................................................
2,450
2,777
3,023
3,285
3,516
3,733
3,959
4,196
4,406
4,669
4,909
5,152
17,516
40,847
Outlays
.....................................................
3,537
3,536
3,773
3,911
4,094
4,249
4,455
4,741
4,990
5,235
5,502
5,700
20,482
46,650
Deficit
....................................................
1,087
759
750
626
578
516
496
545
584
566
593
549
2,966
5,80
receipts, going up....spending, going up, deficit, going down.....why is the deficit going down?......because receipts are going up, not because spending is going down....