It is reported by RIA Novosti with reference to the forecast.

“For the fiscal year 2020 ... a federal budget deficit of $ 3.7 trillion is projected. The federal debt in the public’s hands will amount to 101% of GDP by the end of the fiscal year, ”the document says.

According to the agency, the fiscal year will end on September 30.

Earlier it was reported that U.S. President Donald Trump signed a law to further stimulate the economy by almost $ 500 billion.