The Limited Times

Now you can see non-English news...

The US government budget recorded the highest annual deficit since 2012

2019-10-25T20:37:41.479Z


WASHINGTON (Reuters) - The US government ended fiscal year 2019 with the largest budget deficit in seven years, with Zee overshadowed


Washington-SANA

The US government ended fiscal year 2019 with the largest budget deficit in seven years as rising spending and growing debt service payments overshadowed tax revenues.

The US budget deficit widened to $ 984 billion, equivalent to 4.6 percent of the country's gross domestic product, compared with the previous year's deficit of $ 779 billion, or 3.8 percent of GDP, Reuters reported.

The deficit hit an all-time high of $ 1.4 trillion in 2009.

Source: sena

All business articles on 2019-10-25

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.