Business & Economy

Increasing the US budget deficit

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.


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