The economic boom has rewritten the US government's bottom line for fiscal 1997. A Treasury report said the budget deficit was $11 billion for the first nine months of FY '97 - compared to $74 billion for the same period in FY '96. The '97 deficit total is now estimated at $30 billion to $40 billion, compared to initial estimates of $125 billion and FY's actual $107 billion.
US Deficit Plummets
The economic boom has rewritten the US government's bottom line for fiscal 1997. A Treasury report said the budget deficit was $11 billion for the first nine months of FY '97 - compared to $74 billion for the same period in FY '96. The '97 deficit total is now estimated at $30 billion to $40 billion, compared to initial estimates of $125 billion and FY's actual $107 billion.
