The U.S. federal budget surplus for full fiscal year 1999 was projected at $100 billion to $120 billion, or more than 1 percent of GDP, compared with deficits approaching 5 percent of GDP in the early 1990s.
Sources
- Monetary Policy Report to the Congress for July 22, 1999 ... (federalreserve.gov)
- https://www.cbo.gov/sites/default/files/106th-congress-1999-2000/reports/econsum.pdf (cbo.gov)
- https://fraser.stlouisfed.org/title/economic-report-president-45/1999-8992 (fraser.stlouisfed.org)
- https://www.treasury.gov/resource-center/data-chart-center/Documents/hist.pdf (treasury.gov)
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