WASHINGTON (Sputnik) – The US budget deficit stands at $1.93 trillion in the first seven months of fiscal 2021, after growing by $226 billion in April, the Treasury Department said in its monthly balance sheet reported on Wednesday.
Outlays for October to April amounted to $4.075 trillion while receipts totaled $2.143 trillion, resulting in the $1.93 trillion deficit, according to the balance sheet.
Despite being only seven months into fiscal 2021, the US budget deficit was almost two-thirds of 2020 levels due to huge coronavirus relief spending in the period. A $900 billion COVID-19 bill was passed under the Trump administration in November while an additional relief of $1.9 trillion was approved under the Biden administration in March.
The US government’s fiscal year began in October.
Sourse: sputniknews.com
0.00 (0%) 0 votes
MOSCOW (Sputnik) - The Coalition for the Restoration of Democracy (CORED), which unites 18 opposition parties in Guinea, said on…
The news of an interplanetary scale comes after NASA believed it had captured its first sample with Perseverance last month,…
MOSCOW (Sputnik) - The last pipe of the second string of Nord Stream 2 has been welded, and after a…
LONDON (Sputnik) – The UK government on Monday condemned the military coup against the president of Guinea, Alpha Conde, and…