Harry Dent

After large deficits into 1992, the US federal budget will be balanced or in surplus by 1998-2000.

“will likely be in a balanced budget or surplus by 1998 to 2000.”

Said on

1 January 1993 · 1993 prediction (only the year is given; exact date unknown, recorded as Jan 1) listed in a sidebar of Dent's past forecasts in a 2002 Financial Planning article. The sentence begins "After those enormous deficits into1992, the government will start to wind down federal deficits".

Source

Prognosticator Predicts the Return of "Tech Mania" · Financial Planning / Money Management Executive

Should come true

2000

How sure they sounded

will likely

Categories

EconomyPolitics

Importance

3 of 5 · The direction of the US federal budget matters to the national economy.

Outcome

Accurate Happened 30 September 1998.

The US federal government ran a surplus of about $69-70 billion in fiscal year 1998, its first since 1969, within the 1998-2000 window. Note the statement date is year-only (1993) as given by the 2002 source.

Evidence:

• https://clintonwhitehouse6.archives.gov/1998/10/1998-10-28-fact-sheet-on-1998-budget-surplus.html
• https://www.govinfo.gov/content/pkg/ERP-1999/html/ERP-1999-chapter2.htm