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We compare 2016’s projections for 2019/20 to those in the 2019 budget.

Federal Budget

In this edition of Graphic Intelligence, we compare the 2016 Federal Budget projections to those in the newly released 2019 Budget for the 2019/20 fiscal year.

In 2016, projections for 2019/20 showed lower revenues and expenses, and a smaller budget deficit than the most recent projection. The growth in expense projections (including interest on the debt) more than outweighs growth in expected revenue. This translates to a predicted deficit of $16.8 billion in 2019/20, a full $5.1 billion larger than predicted in 2016.