Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

The US budget deficit hits a record $2.06 trillion


Recommended Posts

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
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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.