3-3-3 Economic Goal

Extracted Attributes

• Type

  Economic Strategy

• Criticism

  Goals appear unrealistic; tariff impact underestimated by the Congressional Budget Office (CBO); difficulty sustaining 3% GDP growth without significant productivity increase; oil production increase is unlikely; potential for increased budget deficits despite tariffs.

• Proponent

  Scott Bessant

• Component 1

  Achieve 3% annual real GDP growth.

• Component 2

  Reduce the annual budget deficit to 3% of GDP.

• Component 3

  Increase U.S. domestic oil production by 3 million barrels per day.

• Primary Goal

  Stabilize the U.S. national debt as a percentage of GDP and counter the debt crisis.

• Associated Policies

  Imposing tariffs (e.g., on Vietnam), deregulation, pro-growth policies, eliminating EV tax credits and solar energy subsidies, promoting nuclear energy.

• Target Date for Deficit Goal

  By 2028 (end of Trump's second term)

Timeline

• Scott Bessant discussed the 3-3-3 plan at an event hosted by the Manhattan Institute. (Source: Web Search Results)

  2024-07

• Scott Bessant was nominated by President-elect Donald Trump to serve as Treasury Secretary, a role from which he would implement the 3-3-3 plan. (Source: Web Search Results)

  2024-11

Sustainable Development Goal 3

Sustainable Development Goal 3 (SDG 3 or Global Goal 3), regarding "Good Health and Well-being", is one of the 17 Sustainable Development Goals established by the United Nations in 2015. The official wording is: "To ensure healthy lives and promote well-being for all at all ages." The targets of SDG 3 focus on various aspects of healthy life and healthy lifestyle. Progress towards the targets is measured using 21 indicators. SDG 3 aims to achieve universal health coverage and equitable access of healthcare services to all men and women. It proposes to end the preventable death of newborns, infants and children under five (child mortality) and end epidemics. SDG 3 has 13 targets and 28 indicators to measure progress toward targets. The first nine targets are outcome targets: reducing maternal mortality ending all preventable deaths under five years of age fighting communicable diseases reducing mortality from non-communicable diseases and promoting mental health preventing and treating substance abuse reducing road injuries and deaths granting universal access to sexual and reproductive care, family planning and education achieving universal health coverage reducing illnesses and deaths from hazardous chemicals and pollution. The four means of implementation targets are: implementing the WHO Framework Convention on Tobacco Control supporting research, development, and universal access to affordable vaccines and medicines increasing health financing and support the health workforce in developing countries improving early warning systems for global health risks. Good health is essential to sustainable development and the 2030 Agenda. It focuses on broader economic and social inequalities, urbanization, climate crisis, and the continuing burden of HIV and other infectious diseases, while not forgetting emerging challenges such as non-communicable diseases. Progress has been made in increasing life expectancy and reducing some of the common causes of child and maternal mortality. Between 2000 and 2016, the worldwide under-five mortality rate decreased by 47 percent (from 78 deaths per 1,000 live births to 41 deaths per 1,000 live births). Still, the number of children dying under age five is very high: 5.6 million in 2016.

Web Search Results

• Treasury Secretary Scott Bessent's 3-3-3 plan and the path forward

  Before examining the plan in detail, it is important to frame the discussion about what it hopes to accomplish. The goal of the 3-3-3 plan is to stabilize the U.S. national debt as a percentage of GDP. Like any household or business, the nominal debt total for a country is not a particularly meaningful number. What’s more meaningful is the debt load relative to the income or earning power of the entity. As economic activity grows, the amount of debt a country can comfortably support grows, [...] 100% of GDP. Stabilizing the national debt at this level is undoubtedly an admirable and responsible goal, and the 3-3-3 plan is likely a step in the right direction, even if achieving all three components may prove elusive. [...] Reducing regulation broadly while increasing a business-friendly approach to the oil and gas sector does seem to fit the goals of increasing U.S. oil production and overall economic activity. The U.S. is currently the world’s leading oil producer, producing around 13 million barrels/day. Increasing this total by approximately 25% would be an uptick in economic activity and boost GDP. It is also obvious the world’s leading producer increasing supply by 25% will impact the global oil market,

• July 7, 2025 – Treasury Secretary Bessent talks of his 3-3-3 goals, 3 ...

  ## Before Header Philadelphia Wealth & Asset Management Firm wealth management wealth management wealth management # July 7, 2025 – Treasury Secretary Bessent talks of his 3-3-3 goals, 3% growth, 3% inflation and a reduction of the deficit-to-GDP ratio from over 6 to just 3. Those are mighty goals. The passage of the reconciliation bill may make short-term movement in the right direction but the ongoing buildup of debt may make reaching those long-term goals difficult. [...] start of this letter are that GDP growth averaging 3% or greater will require a significant and sustained increase in productivity against a backdrop of an aging population. Deficits could moderate if growth reaches the upper end of White House expectations but even if they do moderate, getting deficits to GDP anywhere near 3% by 2030 will be a real stretch. That means more debt, more debt service costs, and higher long-term interest rates over time. As I have noted previously, bond market [...] Secretary Bessent talks of 3% growth, 3% inflation, and 3% deficits to GDP over time. On a short-term basis, 3% growth is achievable but history suggests it will be hard to sustain without significant and steady improvements in productivity. 3% inflation is above current levels. But given the likely stimulative impact of the new law, it isn’t likely to be far off assuming the Fed doesn’t hold interest rates at restrictive levels for a sustained period. With that said, while 3% is only a

• Wishful thinking: the Trump administration's "3-3-3" economic plan

  Scott Bessent, the newly-appointed US treasury secretary, recently set out a “3-3-3” economic plan for the second Trump administration, comprising: All three goals appear unrealistic, so that Trump tax cuts should lead to significantly larger budget deficits and much higher public debt, even allowing for much-needed revenue from new tariffs, with higher debt placing upward pressure on interest rates. [...] In terms of the first goal, Trump’s tax cuts seem likely to substantially increase both the budget deficit and public debt, even allowing for revenue from Trump tariffs. As a pre-Trump starting point, the Congressional Budget Office had forecast a relatively modest improvement in the federal budget deficit over the next ten years, estimating a still-historically large average deficit of 5¾% of GDP over the period (or $US22 trillion in total). [...] The Trump administration’s economic plan of aiming for a 3% budget deficit, 3% economic growth, and a 3 million barrels per day increase in oil production appears unrealistic. The budget deficit will likely widen as tariff revenue falls short of the cost of Trump’s policies. A stronger economy is unlikely to fill the gap because 3% GDP growth hinges on a record surge in productivity given that deportations will depress weak growth in the workforce. A large increase in oil output seems unlikely

• Scott Bessent's 3-3-3 plan will turn out more like 2-6-0

  Oops, something went wrong ### News ### Life ### Entertainment ### Finance ### Sports ### New on Yahoo # Yahoo Finance ### Opinion Yahoo Finance # Scott Bessent’s 3-3-3 plan will turn out more like 2-6-0 Rick Newman Incoming Treasury Secretary Scott Bessent has some ambitious goals. Under his “3-3-3” plan, real GDP growth would average 3% per year, annual budget deficits would drop to 3% of GDP, and domestic oil production would jump by 3 million barrels per day. [...] Put it all together, and the mainstream forecasts aren’t for 3-3-3. They’re more like 2-6-0: 2% GDP growth in the best-case scenario, budget deficits that continue to equal around 6% of GDP, and a marginal increase in oil production that rounds down to 0. [...] It’s good to be ambitious. It’s also important to be realistic. And there’s almost no chance the US economy will come anywhere near Bessent’s targets during the next four years. We’ll be lucky if GDP growth averages 2%. The budget deficit is now 7% of GDP and it’s probably going higher, not lower. Oil production is likely to flatline even under Trump’s fossil-friendly policies because producers want to keep profits high instead of flooding markets with cheap energy.

• Treasury secretary nominee Scott Bessent's '3-3-3' plan: What to know

  ## President-elect Donald Trump nominates Scott Bessent for Treasury Secretary Scott Bessent, founder and CEO of the global macro investment firm Key Square Group, was a key economic policy adviser and fundraiser for the Trump campaign. President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has touted a "3-3-3" economic plan that would seek to reduce budget deficits while boosting growth and energy production. [...] Bessent discussed the 3-3-3 plan this summer at an event hosted by the Manhattan Institute. He said it would involve cutting the budget deficit to 3% of gross domestic product (GDP) by 2028, the last year of Trump's second term; boosting GDP growth to 3% through deregulation and other pro-growth policies; and increasing U.S. energy production to the equivalent of an additional 3 million barrels of oil per day. [...] Treasury secretary nominee Scott Bessent believes his 3-3-3 plan could boost growth while constraining budget deficits. (Dominic Gwinn/Middle East Images/AFP via / Getty Images) Bessent said Trump should tout a deficit reduction goal as part of the plan: "I would urge him to make public his desire to get the deficit down to 3% by the end of his term. He didn't get us to these 6% or 7% deficits. I think they averaged 4% under him, so get that down to 3%."