The Outlook for the Federal Budget Through 1975

The Outlook for the Federal Budget Through 1975

The most probable outlook for the Federal Budget is for three years of virtually no budget surplus (fiscal years 1970-1972), followed by rapidly rising potential surpluses thereafter. Military outlays should barely decline from current levels. Civilian programs will be maintained plus revenue-sharin...

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Veröffentlicht in:Business economics (Cleveland, Ohio) Ohio), 1970-01, Vol.5 (1), p.12-20
1. Verfasser: Eckstein, Otto
Format: Artikel
Sprache:eng
Schlagworte:
Budget, Government
Economic forecasting
Economic growth rate
Federal budget surplus
Federal budgets
Income taxes
Inflation rates
Military defense
National security
Procurement
Revenue
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Zusammenfassung:The most probable outlook for the Federal Budget is for three years of virtually no budget surplus (fiscal years 1970-1972), followed by rapidly rising potential surpluses thereafter. Military outlays should barely decline from current levels. Civilian programs will be maintained plus revenue-sharing and family assistance. For 1972-1975, the fiscal dividend after social insurance is estimated at $15 billion a year.
ISSN:0007-666X
1554-432X