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RECORD BUDGET DEFICIT IN THE US IN JUNE: $ 864 BILLION
In the US, the center of the Corona virus epidemic, the federal government's budget deficit broke a monthly record in June with $ 864 billion.
Yazar: Tom Roberts
Yayınlanma: 18 Temmuz 2020 21:23
Güncellenme: 21 Aralık 2024 02:30
RECORD BUDGET DEFICIT IN THE US IN JUNE: $ 864 BILLION
In the US, the federal government's budget deficit broke a monthly record in June with $ 864 billion. During the epidemic period, large incentive packages that were put into use while tax revenues were falling brought record deficit. The federal government, which collected 333 billion dollars in June 2019, remained at $ 241 billion in June this year. Tax revenue decreased by 27.6 percent. Spending, on the other hand, increased 224.7 percent from $ 342 billion to $ 1.11 trillion. With the deficit in June, the last 9-month budget deficit rose to $ 2.7 trillion. This nearly tripled the $ 747 billion level in the same period last year. In the USA, the fiscal period is accepted from October 1 to September 30. In the fiscal year of 1 October 2019-30 September 2020, the budget deficit is expected to break a record with $ 3.7 trillion. This figure was about $ 1 trillion in the past fiscal year. If the deficit is $ 3.7 trillion, the ratio of budget deficit to national income will reach an astronomical level of 17.3 percent. Market Watch pointed out that this level of deficit was seen for the first time after the Second World War compared to the national income. The support given to financially difficult sectors and enterprises, the payments made to the unemployed, whose numbers are increasing rapidly, and direct income supports increased the deficit.İLGİLİ HABERLER
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