China News Service, Washington, September 11 (Reporter Sha Hanting) The US Treasury Department released data on the 11th local time showing that in the first 11 months of fiscal 2020, the US government budget deficit has exceeded 3 trillion US dollars, the highest in history. .

  The U.S. fiscal year 2020 is from October 1, 2019 to September 30, 2020.

According to the data released by the Treasury Department, the US fiscal deficit reached $3.007 trillion in the first 11 months of fiscal 2020, which is about three times the fiscal deficit of the same period in fiscal 2019.

The previous 11-month record of the U.S. fiscal deficit was $1.37 trillion set in fiscal 2009.

  According to estimates by the US Congressional Budget Office, the US government's fiscal deficit will increase in the next month. It is estimated that the final fiscal deficit in fiscal year 2020 will reach $3.3 trillion.

  The US Congressional Budget Office also predicts that by the end of 2020, the total US debt will reach 98% of the gross domestic product (GDP), and by 2021, the US debt will exceed GDP.

  Affected by the new crown pneumonia epidemic, the United States has significantly increased government spending this year in response to the epidemic and the economic crisis brought about by the epidemic.

In the past six months, Congress has passed a series of economic stimulus bills with a total of nearly $3 trillion in funding, including unemployment subsidies, assistance to small businesses, and assistance to industries that have been severely affected by the epidemic.

But most of the aid projects expired in early August.

  According to US media reports, due to the greater differences between the Republicans and Democrats on the new round of economic stimulus plans, the new round of aid plans may not be realized before the election.

  According to statistics from Johns Hopkins University in the United States, as of 21.00 on the 11th, the number of confirmed cases of new coronary pneumonia in the United States exceeded 6.44 million and more than 192,000 deaths.

As the epidemic has not yet been effectively controlled, economists believe that there is greater uncertainty in the outlook for the US economy.

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