The US budget deficit in October increased by 42% compared to a year, to $404 billion, Bloomberg reports, citing data from the country's Treasury Department. Government spending in the first month of the fiscal year rose 12% to $773 billion, while tax revenues fell 9% to $369 billion. Revenue from tariffs fell 39% to $19.2 billion. According to the department's estimates, by the end of this year the budget deficit in the US will increase to about 2.2 trillion dollars.

The US budget deficit in October increased by 42% compared to a year, to $404 billion, Bloomberg reports, citing data from the country's Treasury Department. Government spending in the first month of the fiscal year rose 12% to $773 billion, while tax revenues fell 9% to $369 billion. Revenue from tariffs fell 39% to $19.2 billion. According to the department's estimates, by the end of this year the budget deficit in the US will increase to about 2.2 trillion dollars.