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Deficits, Debt and GDP for the USA, China
Saturday, July 28, 2012 13:09
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US Government deficits have been running at about $1.3 trillion per year or about 9% of GDP.
China has a federal deficit of 1.5 to 2.4% of GDP. However, China is ramping up spending at the provincial and city level. China is increasing spending on high speed rail and other infrastructure.
The projection is for a deficit of $1.1 trillion in 2012.
The US is still likely to run $1 trillion per year deficits.
See more and subscribe to NextBigFuture at 2012-07-28 13:05:23 Source: http://nextbigfuture.com/2012/07/deficits-debt-and-gdp-for-usa-china.html
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