The US budget deficit declined markedly in November, by by the end of the year has tripled
The US budget deficit fell by almost 50% in November in relation to October, amounting to $ 145.266 billion. These data are officially published by the Ministry of Finance of the country. The results were better the expectations of analysts who, in an interview with Reuters, voiced forecast of $ 200 billion. According to the US Treasury Department, for two months - October and November of this year - the budget deficit increased by more than 25%, the agency writes TASS, citing an Associated Press publication. This growth is due to costs associated with the Covid-19 pandemic. However, in November government spending decreased by 16% to $ 364.819 billion. budget revenues (-2.5%), which reached $ 219.553 billion. According to the report of the Ministry of Finance, for the 2020 financial year, ended September 30, US budget deficit showed more than threefold growth in comparison with last year - up to $ 3.1 trillion. Government spending for this period increased by 47%, reaching $ 6.5 trillion.