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Maybe the economy will rebound quickly and the budget surplus will continue to grow.
Next year, inflation could give way to deflation, and the trade surplus will continue to grow as manufacturers try to clear inventories by exporting.
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Surpluses will continue to build toward 1% of GDP within a decade.
So unless families pick up their seven dogs or cats each time there is an addition to the family, the number of surplus pets will continue to exceed the number of homes available to them.
had introduced an amendment to the budget resolution that would have made possible the creation of a reserve fund for these temporary surpluses, which will continue to run until 2017, when benefits will then exceed revenues.
"The big trade surplus means P.B.O.C. will continue to experience large capital inflows," said Liu Li-gang, an economist with Australia & New Zealand Banking, referring to the People's Bank of China.
The projections of the budget office, a nonpartisan research arm of Congress, assume that the mix of fortuitous circumstances that swung the budget from deficit to surplus will continue over the next decade, at least on the revenue side.
Though stock prices are near 18-year lows and the recovery is showing some signs of slowing, the central bank said it will continue to keep a surplus of as much as 15 trillion yen $125 billionn) in the money markets.
Ideally, recovery would also be based on strong demand within the euro area especially in Germany, which is running a current-account surplus of over 7% of GDP.True, investors will continue to benefit from the European Central Bank's generous programme of quantitative easing (QE), which began in early March.
This weak demand will continue to create a surplus, and thwart new spending on semiconductor manufacturing equipment.
Although today's $300 billion U.S. capital account surplus probably cannot be sustained, the U.S. will continue to import capital for the foreseeable future.
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