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The US budget deficit reached $404 billion in October, a 42% increase over the same month last year. Already the first month of the fiscal year showed the gap between the state's expenditures and revenues to the treasury: expenditures increased by 12% to 773 billion dollars, and revenues decreased by 9% to 369 billion dollars. The deficit itself is about half of October's spending. Additional pressure on the budget reduced customs revenues. Income from debt fell by 39% and reached 19.2 billion dollars. Therefore, the increase in expenses is accompanied not only by a slowdown on the income side, but also by a direct decrease. With this combination, the deficit widens on both sides of the budget balance. The US Treasury estimates a possible deficit for the current fiscal year at $2.2 trillion. October's dynamics show why the financing of the federal debt is becoming increasingly sensitive to tax revenues and customs. ECONOMY

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Экономикон · · Source

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The US budget deficit reached $404 billion in October, a 42% increase over the same month last year. Already the first month of the fiscal year showed the gap between the state's expenditures and revenues to the treasury: expenditures increased by 12% to 773 billion dollars, and revenues decreased by 9% to 369 billion dollars. The deficit itself is about half of October's spending. Additional pressure on the budget reduced customs revenues. Income from debt fell by 39% and reached 19.2 billion dollars. Therefore, the increase in expenses is accompanied not only by a slowdown on the income side, but also by a direct decrease. With this combination, the deficit widens on both sides of the budget balance. The US Treasury estimates a possible deficit for the current fiscal year at $2.2 trillion. October's dynamics show why the financing of the federal debt is becoming increasingly sensitive to tax revenues and customs. ECONOMY

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