The US budget deficit amounts to $ 1 trillion
16:48 - 22/08/2019
Information / Follow ..
WASHINGTON (Reuters) - The US Congress has predicted that the US budget deficit in the next fiscal year will increase to $ 1 trillion and to $ 960 billion in the current fiscal year that began last October.
Congressional Budget Office Director Philip Swagel believes the agreement between Trump and Democrats to increase the value of the budget earlier in 2019 will add a deficit of $ 1.7 trillion over the next 10 years.
Earlier projections by the Congressional Budget Office, released in May, suggested that the deficit would reach $ 896 billion for 2019 and $ 892 billion in 2020, but new legislative measures such as the wall-building funding package with Mexico have increased the deficit.
The new congressional expectations came despite President Donald Trump's pledges to balance revenues and expenditures and partial repayment of public debt. Finished 25 h