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08-06-2018 11:35 4237

deficit

 

The US federal budget deficit increased to $ 530 billion in 8 months of 2018 (starting October 1), exceeding the figure of last year by $ 97 billion, reported The Hill, referring to the US Congress budget report.

It is reported that government spending has increased by 6% compared to 2017, while the revenue share of the budget has increased by only 3%.

Experts predicted that the tax liabilities offered by the Republicans, which reduced the size of the tax rates combined with the bipartisan agreement on the increase of government expenditures, would lead to the growth of the budget deficit.

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