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US budget deficit News

12 Jul 2019

US budget deficit widens to $747 bn in 9 months

The top three outlays for the nine months, from October to June, were $780 billion on social security, $512 billion on national defence, and $485 billion on medicare, according to data from the Monthly Treasury Statement released on Thursday.

13 Feb 2018

World shares rebound after worst week in two years

Concerns about rising consumer prices and a bigger US budget deficit sparked a selloff in fixed income markets.

23 May 2017

Donald Trump aims to balance budget in decade targets 3% growth

US President Donald Trump is aiming to balance the federal budget in a decade with substantial cuts to safety-net programmes, combined with a tax overhaul to speed up the economy and achieve an ambitious growth rate of three per cent, the White House has said.

13 Sep 2016

US budget deficit totals $107.1 billion in August

The federal government recorded a deficit of USD 107.1 billion in August, slightly lower than the July deficit.

14 Jan 2015

Significant drop in US budget deficit

The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.

12 Jul 2014

US budget deficit to drop to 583 billion this year

The US government budget deficit in 2014 will come down to USD 583 billion, a drop of USD 100 billion over the previous year.

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