[ad_1]
Direct : The Bush administration predicted that the federal budget deficit would exceed the trillion in 2019, with an increase in spending.
The White House budget office said in a report released on Wednesday. The budget deficit is expected to reach $ 1.1 trillion during the fiscal year beginning in October, up $ 100 billion from previous forecasts.
The increase in spending was in line with the bipartisan bill of 2018 supported by bipartisan Democrats, In the
It is estimated that the budget deficit will reach 5.1% of US GDP next year, but will decrease by 1.4% in 2028.
The United States had a budget deficit in the federal budget of $ 666 billion during the fiscal year ended September 30, 2017, or 3.4% of GDP.
[ad_2]
Source link
