US deficit is about 107 trillion yen, the highest level in seven years, October 26, 14:48
The fiscal deficit in the United States in fiscal 2019 exceeded 100 trillion yen in Japanese yen, the highest level in seven years. The main factor is an increase in defense spending and a large tax cut under the Trump administration, but it is certain that President Trump will continue to actively pursue fiscal spending in anticipation of next year's presidential election, and fiscal reconstruction seems to be farther away .
The US Treasury announced the fiscal balance for fiscal 2019 from October last year to the end of last month.
According to this, the US budget deficit was 984.3 billion US dollars, approximately 107 trillion yen in Japanese yen, an increase of 26% over the previous year, the highest level in seven years since 2012. The main factor was an increase in spending due to an increase in social security costs associated with aging in addition to an increase in defense costs under the Trump administration.
On the other hand, corporate tax revenue increased due to the recovery of corporate performance, and customs revenue also increased 71% due to high tariffs on imported goods in China, but a significant tax cut led by President Trump The tax revenue growth has been reduced.
As a result, the US budget deficit has expanded for the fourth consecutive year, but it is certain that President Trump will continue to actively move toward the presidential election next year. That's right.