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The US budget deficit reached $ 2.77 trillion in 2021, the second highest

The US budget deficit for the fiscal year ended September 30, 2021 totaled $ 2.77 trillion. This is a record high, but it improved from a record $ 3.13 trillion in 2020 as the economic recovery boosted revenues and helped offset government spending. From a pandemic relief effort, the US government recently said.

Both year deficits reflect trillions of dollars in government spending to tackle the catastrophic impact of the COVID-19 pandemic.

The largest deficit recorded by the U.S. government before the last two pandemic budget deficits was due to the government spending a lot of money to pull the country out of the severe recession following the 2008 financial crisis. There was a $ 1.4 trillion shortage during President Barack Obama’s administration in 2009. crisis.

The US budget deficit for the fiscal year ended September 30, 2021 totaled $ 2.77 trillion. This is a record high, but it improved from a record $ 3.13 trillion in 2020 as the economic recovery boosted revenues and helped offset government spending. From a pandemic relief effort, the US government recently said.

Fiber2Fashion News Desk (DS)



The US budget deficit reached $ 2.77 trillion in 2021, the second highest

Source link The US budget deficit reached $ 2.77 trillion in 2021, the second highest

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