It will account for 5.5 per cent of gross domestic product (GDP), the official said.
Washington: President Barack Obama will unveil a budget on Monday that projects a $901 billion deficit in fiscal 2013 while earmarking billions of dollars for jobs and infrastructure, a senior White House official said on Friday.
Obama's proposal to the Congress will forecast the deficit in fiscal 2012 at $1.33 trillion before declining the following year.
It will account for 5.5 per cent of gross domestic product (GDP), the official said.
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