According to the report of the US Department of the Treasury, the US budget deficit in February was $262,434 billion, compared to $38.8 billion in January. It has been reported DEA News.
According to analysts on the DailyFX portal, the country’s budget deficit in February would have been $256 billion.
A year ago, in February, the US recorded a budget deficit of $216,590 billion.
According to the Ministry’s report, last month, public expenditures in the USA increased by 3.5 percent on an annual basis to 524 billion 548 billion dollars, while revenues decreased by 9.5 percent to 262 billion 114 billion dollars.
Former US edition of The Washington Post published An editorial stating that the new budget proposed by the Biden administration undermines US national security and its ability to invest in the future, as it means a further increase in the US national debt.
WP editors noted that the new budget draft assumes a $2 trillion budget deficit, including due to the high costs of providing health insurance to older people in the baby boomer generation.