Global Analysis from the European Perspective. Preparing for the world of tomorrow

Washington reports all-time high $738 billion budget deficit in April

On Tuesday, the 12th of May 2020, the US Treasury Department had issued a statement saying that the world’s No. 1 economy’s budget deficit had spiked to a jawdropping $738 billion on record last month as a space-dive in government expenses alongside a sharp contraction in revenues amid a stiffer lockdown measure had heaved the deficits down deeper in to the reds. Source Financial World

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