Federal Budget Estimates for Fiscal Year 2008

Roy, Mary L.; Cairns, Andrew P.
March 2007
Survey of Current Business;Mar2007, Vol. 87 Issue 3, p10
Trade Publication
The article focuses on the U.S. federal budget estimates for fiscal year 2008. According to the budget proposal by President George W. Bush, the budget receipts are expected to rise at $122.4 billion to $2,662.5 billion. The national income and product account (NIPA) projected that the federal government spending for fiscal year 2008 will exceed the budget estimate of outlays by $103.7 billion. It explains the factors behind the expected increase in current federal spending. INSET: New Transactions in the NIPA Federal Sector.


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