Fiscal Facts: The G20 Summit

Organization: Pew Economic Policy Group


On June 27, the United States endorsed a joint policy declaration with the other nations participating in the G20 summit in Toronto. Under the section entitled “The Framework for Strong, Sustainable and Balanced Growth,” the G20 agreed to pursue “fiscal plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016.” This fact sheet puts these commitments in the context of Pew’s projections of the U.S. fiscal outlook.

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