The United States this fiscal year 4 months record high budget deficit

The United States on the 11th released by the Ministry of Finance data showed that began October 1 last year, the 2009 financial year, the first four months, the U.S. government budget deficit has reached 569 billion U.S. dollars, not only for the same period in fiscal 2008 deficit level of 6 times , but also has more than 2008 full-year fiscal year hit a record high of 455 billion U.S. dollars.

Data shows that, in the end of January this year, the fiscal year of the first 4 months, the United States government revenue for the 773.5 billion U.S. dollars, up 10.2 percent reduction; while spending more than 1340 billion U.S. dollars, up 41.3 %. In January this year alone, the U.S. government budget deficit reached 83.8 billion U.S. dollars, while the same period last year was 17.8 billion U.S. dollars surplus.

The first 4 months of fiscal deficit was mainly due to the rapid expansion of economic recession to the tax has had a serious impact, at the same time government spending huge financial rescue plan.

Judging from the current situation, the fiscal year the deficit the United States almost certainly will be more than 1 trillion U.S. dollars. The United States Congressional Budget Office recently forecast that this year the deficit will reach a record 1.2 trillion U.S. dollars, this prediction does not include President Obama plans to implement economic stimulus plan involves expenses. Senate and House of Representatives on the 11th on the final version of the economic stimulus package agreed the total project size of 789 billion U.S. dollars. Therefore, many economists estimate that the United States this fiscal year the deficit will reach 1.6 trillion U.S. dollars.

~ by domainservice999 on February 12, 2009.