US budget deficit October 17, 9:26, more than triple the previous year's worst ever at 330 trillion yen
Last year's budget deficit in the United States has more than tripled from the previous year due to a surge in spending due to huge economic measures following the spread of the new coronavirus infection, and the Japanese yen is about 330 trillion yen, the worst ever. became.
According to the US Treasury's announcement on the 16th, the budget deficit for the one-year fiscal year up to last month was $ 3.132 trillion, or about 330 trillion yen in Japanese yen.
The deficit was more than tripled from the previous year, well above the $ 1.4 trillion level in 2009 after the Lehman shock, the worst ever.
This is because tax revenues declined due to the economic downturn caused by the new coronavirus, while spending surged due to the huge $ 3 trillion economic measures to support the unemployed and small and medium-sized enterprises.
As the outbreak continues, additional fiscal stimulus is being discussed in Congress.
The balance of public debt, which is the government's debt, has already reached $ 26 trillion, but the debate over fiscal consolidation has been virtually frozen, and efficient fiscal management is likely to become a major issue in the future.