Advertisement

BRIEFLY

December 21, 1987

The U.S. budget deficit, after falling significantly in fiscal 1987, will likely climb sharply in the 1988 fiscal year, the Conference Board said in a report. The business research group said the deficit, which was cut to $148.1 billion in 1987 by "unprecedented government tax revenues and one-shot budget savings by Congress," seems likely to jump to $186 billion in fiscal 1988. The Board said its analysis emphasized that an economic slowdown next year would sharply cut government revenues. And if the economy suffers a recession, the fiscal 1988 deficit would soar.

Advertisement
Los Angeles Times Articles
|
|
|