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The US budget deficit hits a record $2.06 trillion l June 11, 2021 - 04:36 Abu Dhabi time Agencies - Abu Dhabi Archive of the US budget report for 2021 The US budget deficit hit a record $2.06 trillion in the first eight months of this budget year, while coronavirus relief programs pushed spending to an all-time high. The US Treasury said in its monthly budget report that the deficit this year is 9.7 percent higher than the $1.88 trillion deficit recorded during the same period last year. The report showed that spending in the October-May period hit a record high of $4.67 trillion, up 19.7 percent from the same period last year. Government tax revenue rose 29.1 percent to $2.61 trillion, compared to the same period last year. However, this year's figure was boosted by tax payments made in May, a month later than the usual April deadline but a month earlier than the June deadline of last year.