OMB Projects $91 Billion Deficit Decrease

White House

The projected deficit for 2019 is $1 trillion, $91 billion lower than the deficit projected in March, the revision coming largely from technical changes and less spending, and the 10-year deficit is projected to decrease by $414 billion relative to the budget, the Office of Management and Budget said in its mid-session budget review released July 12.

<p>The projected deficit for 2019 is $1 trillion, $91 billion lower than the deficit projected in March, the revision coming largely from technical changes and less spending, and the 10-year deficit is projected to decrease by $414 billion relative to the budget, the Office of Management and Budget said in its mid-session budget review released July 12.</p>