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MercoPress, en Español

Montevideo, November 22nd 2024 - 07:59 UTC

Tag: defense spending

  • Tuesday, October 23rd 2018 - 08:31 UTC

    United States 2018 federal budget deficit at its highest since 2012: US$ 779bn

    The budget shortfall rose to 3.9% of U.S. GDP. The deficit increased by US$ 70 billion less than anticipated in a report published in July

    The United States federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said. The deficit jumped to US$ 779 billion, US$ 113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney.