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.
Notes on verification
Corroborated by CBO, Treasury, and Economic Report of the President historical data on FY1999 budget surplus projections and deficit history. [tier=gold indep_score=0.983 clusters=3 claim_tier=notable]
Sources
- Monetary Policy Report to the Congress for July 22, 1999 ... (seed:economics_and_business)
- https://www.cbo.gov/sites/default/files/106th-congress-1999-2000/reports/econsum.pdf (corroboration)
- https://fraser.stlouisfed.org/title/economic-report-president-45/1999-8992 (corroboration)
- https://www.treasury.gov/resource-center/data-chart-center/Documents/hist.pdf (corroboration)