229-08-L03b

229-08-L03b - Econ 229 Budget Data - P.1 Federal Budget...

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Unformatted text preview: Econ 229 Budget Data - P.1 Federal Budget data - Source: FY 2009 Budget Fiscal Receipts Outlays of which: Deficits Public Debt Year Nom $Bill Nom $Bill Interest Nom $Bill End of Yr 1980 517.1 590.9 52.5 -73.8 711.9 1981 599.3 678.2 68.8 -79.0 789.4 1982 617.8 745.7 85.0 -128.0 924.6 1983 600.6 808.4 89.8 -207.8 1137.3 1984 666.5 851.9 111.1 -185.4 1307.0 1985 734.1 946.4 129.5 -212.3 1507.3 1986 769.2 990.4 136.0 -221.2 1740.6 1987 854.4 1004.1 138.6 -149.7 1889.8 1988 909.3 1064.5 151.8 -155.2 2051.6 1989 991.2 1143.8 169.0 -152.6 2190.7 1990 1032.1 1253.1 184.3 -221.0 2411.6 1991 1055.1 1324.3 194.4 -269.2 2689.0 1992 1091.3 1381.6 199.3 -290.3 2999.7 1993 1154.5 1409.5 198.7 -255.1 3248.4 1994 1258.7 1461.9 202.9 -203.2 3433.1 1995 1351.9 1515.9 232.1 -164.0 3604.4 1996 1453.2 1560.6 241.1 -107.4 3734.1 1997 1579.4 1601.3 244.0 -21.9 3772.3 1998 1722.0 1652.7 241.1 69.3 3721.1 1999 1827.6 1702.0 229.8 125.6 3632.4 2000 2025.5 1789.2 222.9 236.2 3409.8 2001 1991.4 1863.2 206.2 128.2 3319.6 2002 1853.4 2011.2 170.9 -157.8 3540.4 2003 1782.5 2160.1 153.1 -377.6 3913.4 2004 1880.3 2293.0 160.2 -412.7 4295.5 2005 2153.9 2472.2 184.0 -318.3 4592.2 2006 2407.3 2655.4 226.6 -248.2 4829.0 2007 2568.2 2730.2 237.1 -162.0 5035.1 2008 estimate 2521.2 2931.2 243.9 -410.0 5428.6 How do you interpret these data? Is the deficit too high? Is the deficit monetized? Econ 229 Budget Data - P.2 Step 1: GDP Shares Fiscal Receipts Outlays of which: Deficits Public Debt Year GDP% GDP% Interest GDP% End of Yr 1980 19.0% 21.7% 1.9% 1....
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This note was uploaded on 12/26/2011 for the course ECON 229 taught by Professor Bohn during the Fall '09 term at UCSB.

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229-08-L03b - Econ 229 Budget Data - P.1 Federal Budget...

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