0MB: 2006 Budget Deficit Lower Than Expected

Ackerman, Andrew
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p2
Trade Publication
The article cites the report conducted by the U.S. Office of Management and Budget which anticipates a lower budget deficit in 2006 than what is expected. The U.S. government's predicted budget fell to 296 billion U.S. dollars from 423 billion U.S. dollars. U.S. President George W. Bush claimed that his tax cuts had fostered economic growth. The President also expressed to cut the budget deficit in half, as a percentage of the Gross Domestic Product, is anticipated to be achieved in 2008.


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