Federal deficit up more than 60% in first fiscal quarter
The federal deficit is up more than 60% for the first quarter of fiscal year 2021 compared to the same period last year, rising to a record-breaking $572.9 billion amid increased spending and declines in revenues.
Israel announces highest budget deficit in its history
Israel’s Accountant General announced Monday that the country’s budget deficit for 2020 was $50.4 billion, the highest it has ever been and three times higher than it was in 2019, Ynet News reports. The record figure was largely anticipated in light of…
US Government deficit increased by 25.1% in first 2 months of budget year
The US government deficit in the first two months of the budget year increased by 25.1% more than it was at the same time last year, PBS reports. The rise reflects increased government spending to manage the COVID-19 pandemic against a related backdrop…
October federal deficit is a record high
The federal budget deficit last month was $284 billion, the highest for any October, the Treasury Department reported Thursday.
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Federal deficit spiked to $3.1 trillion in 2020, largest since WWII
The federal deficit for fiscal year 2020 was $3.1 trillion, or 14.9% of gross domestic product, the Congressional Budget Office reported Monday, the largest as a share of the economy since World War II.
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Federal deficit soared to $3.1 trillion for fiscal 2020 thanks to pandemic relief spending
The federal government’s deficit for fiscal 2020 was $3.1 trillion, the highest deficit on record, the Treasury reported Friday.
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