Defense Spending and the Economy

Abstract

In summary, a major defense buildup is already under way, and it will probably continue. CBO's assessment suggests that the buildup need not rekindle inflation. It could, though, retard economic growth by contributing to deeper deficits--and in turn, to high interest rates. There is also the risk that the defense buildup will exacerbate cost growth of weapons systems. To minimize this risk, the Congress may have to take additional steps to improve defense price performance.

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Document Details

Document Type
Technical Report
Publication Date
Feb 04, 1982
Accession Number
ADA530407

Entities

People

  • Alice M. Rivlin

Organizations

  • Congressional Budget Office

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Aerospace Industry
  • Budgets
  • Congress
  • Education
  • Electrical Equipment
  • Electronics Industry
  • Employment
  • Engineering
  • House Of Representatives
  • Information Science
  • Materials
  • Military Budgets
  • Monetary Policy
  • National Governments
  • Personnel Management
  • Procurement
  • Production

Readers

  • Public Financial Management and Budgeting
  • Systems Analysis and Design