U.S. budget deficit may reach USD 1.8 trln
08:07, 4 August 2009
WASHINGTON. August 4. KAZINFORM /Aliya Altyngazina/ Federal budget deficit in the USA in 2009 may reach USD 1.8 trln, Associated Press reports.
Analysts expect 18% decline in tax revenues - record decline since 1932. The volume of national debt has already hit USD 11 trln.
Along with this the Government plans to increase domestic spending by 11% next year. Funds for military purposes will be raised by 4%. Reform of healthcare system which is under consideration now will need USD 1 trln in the nearest ten years.