Economy

Google Ad

The US announced its largest monthly fiscal deficit on record for February at $234 billion, worse than the $227B expected and the largest shortfall EVER for any single month on record and from a $215 billion gap a year earlier.

US Budget Deficit

 

Breakdown

  • Receipts up 7.5% y/y
  • Spending up 8.2% y/y
  • Fiscal year to date (since Oct) receipts -0.6% y/y
  • Fiscal year to date spending +8.7%
  • Fiscal year to date deficit $544B vs $390B a year ago

The Government Budget Value in the United States averaged -18232.76 USD Million from 1954 until 2019, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -234000 USD Million in February of 2019. The scary thing is this simple if the economy continues to slow this becomes more than a millstone on the country. The previous record defcit was in February 2012.

From The TradersCommunity News Desk

Log in to comment
Discuss this article in the forums (1 replies).