yota691 Posted June 12, 2021 Report Share Posted June 12, 2021 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. Quote Link to comment Share on other sites More sharing options...
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.
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