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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 1206092" data-attributes="member: 44954"><p>That's from April 2011.</p><p></p><p>Here you go:</p><p></p><p><a href="http://www.businessweek.com/news/2013-08-06/deficit-shrinks-to-5-dot-7-percent-of-gdp-as-debt-ceiling-no-vote-risks-all" target="_blank">Deficit Shrinks to 5.7% of GDP as Debt Ceiling No Vote Risks All - Businessweek</a></p><p><span style="font-size: 10px">The federal budget deficit narrowed from more than 10 percent of the gross domestic product at the end of 2009 to 5.7 percent of GDP for the 12 months ended March 31 -- the smallest gap in four years, according to data compiled by Bloomberg. </span></p><p><span style="font-size: 10px"></span></p><p><span style="font-size: 10px">With tax collections rising and spending growth slowing down, the deficit is on track to drop to 4 percent of the $16 trillion U.S. GDP for the fiscal year ending Sept. 30, according to a May forecast by the Congressional Budget Office. It will shrink to 3.4 percent of GDP next year, the CBO says, close to the 3.3 percent average over the past 30 years, according to Bloomberg data. </span></p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 1206092, member: 44954"] That's from April 2011. Here you go: [URL="http://www.businessweek.com/news/2013-08-06/deficit-shrinks-to-5-dot-7-percent-of-gdp-as-debt-ceiling-no-vote-risks-all"]Deficit Shrinks to 5.7% of GDP as Debt Ceiling No Vote Risks All - Businessweek[/URL] [SIZE=2]The federal budget deficit narrowed from more than 10 percent of the gross domestic product at the end of 2009 to 5.7 percent of GDP for the 12 months ended March 31 -- the smallest gap in four years, according to data compiled by Bloomberg. [/SIZE] [SIZE=2]With tax collections rising and spending growth slowing down, the deficit is on track to drop to 4 percent of the $16 trillion U.S. GDP for the fiscal year ending Sept. 30, according to a May forecast by the Congressional Budget Office. It will shrink to 3.4 percent of GDP next year, the CBO says, close to the 3.3 percent average over the past 30 years, according to Bloomberg data. [/SIZE] [/QUOTE]
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