US budget deficit increased significantly and was expected in January, according to the US Congressional Budget Department.
increase in the deficit in January 2021 compared to the previous month was $ 165 billion, and the increase in December 2020 amounted to $ 144 billion, and in January 2020 it amounted to $ 33 billion.
According to experts, the main reason for the increase in the deficit is the $ 900 billion economic support package that was approved at the end of 2020. In particular, the US government in January paid $ 142 billion to taxpayers.
administration of President Joe Biden is trying to adopt a new economic support package of $ 1.9 trillion.