US budget deficit in fiscal year 2016 will increase to 590 billion dollars as a result of weaker-than-expected revenue growth and higher spending on various programs, including Social Security and Medicare – announced on Tuesday, the Congressional Budget Office (CBO).
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in March it was forecast that the deficit will be about $ 56 billion lower. According to current estimates, for the first time since 2009 to increase its height in relation to the gross domestic product.
How which provides a cross-party agency CBO analysis, the surplus of state expenditures over its revenues in the current year will be about 152 billion dollars more than in 2015 and reach 3.2 percent. GDP. Public debt will rise to the year 2016 to nearly 77 percent. GDP, the level of about 3 percentage points higher than a year earlier and also the highest since 1950.
Federal financial year 2016 will be completed in the US on September 30.
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