In March American budget deficit tacks on by 18%

In March American budget deficit tacks on by 18%

In March, the deficit of the American state budget accounted for up to $208.743 billion. The given outcome happens to be 18.4% more than the figure for the same month in 2017 or to be exact $ 176.233 billion. That’s what the country's Finance Ministry unveiled.

The budget revenues went down by 2.7% demonstrating an outcome of $210.832 billion, including income tax collections, which went down by 2%.

At the same time, expenses increased by 6.8% and reached $419.576 billion. In particular, it could be explained by an increase in interest payments on public debt by 11%, as well as increased costs in social programs as well as medical insurance.

For the six months of the 2018 fiscal year, which burst out on October 1 2017, the negative balance of the US budget increased by 13.8% to $599.708 billion compared to$ 526.857 billion for the same period in 2016.

The amount of budget revenues since the beginning of the current financial year increased by 1.6% hitting the value of $1.497 trillion, while expenses managed to grow by 4.8% to almost $ 2.097 trillion.

The White House predicts this increase in the budget deficit to about $804 billion.

The US budget deficit for the 2017 financial year, which ended on September 30, headed north by approximately 13.3% ending up with an outcome of $665.826 billion. Thus, it rose to up to 3.5% of GDP against 3.2% of GDP in the previous year.

The last time the budget surplus was fixed in the USA was 2001. In 2009, there was a maximum deficit in the country's history, which accounted for - $1.41 trillion, which is 9.8% of GDP.

The average size of the country's budget deficit for the last 50 years appears to be 2.8% of GDP.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera