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Financial Report of the United States Government 2000

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The level of corporate profits increased in FY 2011, but at a slower pace than in the previous fiscal year. Federal spending grew and tax receipts increased in FY 2011, which resulted in the Federal unified budget deficit remaining essentially flat at $1.3 trillion. However, the deficit narrowed as a share of GDP to 8.7 percent from 9.0 percent in FY 2010. The economy continued to receive significant support during the fiscal year by a wide variety of measures implemented under the American Recovery and Reinvestment Act of 2009 (Recovery Act or ARRA). It was also...
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Financial Report of the United States Government 2000

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