A bill to require that the President's annual budget submission to Congress and any concurrent resolution on the budget include the ratio of the public debt to the estimated gross domestic product of the United States, and for other purposes.

Bill 118 s 4659, also known as the Debt to GDP Ratio Transparency Act, is a proposed piece of legislation that aims to increase transparency in the federal budgeting process. The bill would require the President's annual budget submission to Congress, as well as any concurrent resolution on the budget, to include the ratio of the public debt to the estimated gross domestic product (GDP) of the United States.

The public debt refers to the total amount of money that the federal government owes to creditors, while the GDP is a measure of the total economic output of the country. By including the debt to GDP ratio in budget documents, lawmakers and the public would have a clearer understanding of the country's fiscal health and the sustainability of its debt levels.

The bill does not propose any specific actions or policies to address the debt to GDP ratio, but rather seeks to provide important information for decision-making and oversight purposes. This transparency could help inform discussions on fiscal policy, debt management, and long-term economic planning. Overall, the Debt to GDP Ratio Transparency Act aims to promote accountability and informed decision-making in the federal budgeting process by ensuring that key financial metrics are readily available to policymakers and the public.