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Budget surpluses expected to grow more than projected

January 16, 1999
Web posted at: 11:25 p.m. EST (0425 GMT)

WASHINGTON (CNN) - CNN has confirmed published reports that budget surpluses over the next decade will grow considerably more than first projected. graphic

The Senate Budget Committee expects a $522 billion surplus in the non-Social Security part of the federal budget from the years 1999 to 2008.

Using a 10-year projection from 2000 to 2009, the surplus could be as much as $700 billion.

Key senators have been briefed on the new projections. A spokesman for the committee expects Budget Chairman Pete Domenici, a New Mexico Republican, to unveil the budget figures as early as next week.

And tax cuts are likely to be proposed in any Republican budget plan this year.


RELATED STORIES

GOP eyeing 2000 budget jump start (1- 7 -99)


RELATED SITES

Senate Budget Committee



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Saturday January 16, 1999

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