US budget deficit increases by 27% during the first ten months of the current fiscal year

The U.S. federal budget deficit reached $ 866.8 billion in the first ten months of fiscal year 2019, an increase of 27% over the same period last year, the department said Monday. Treasury.

The 10-month deficit, which runs from October to July, has already exceeded the $ 779 billion deficit recorded in the last fiscal year, according to data provided by the Treasury's monthly report.

During these ten months, the three main budget items were social assistance ($ 868 billion), national defense ($ 568 billion) and medical care assistance ($ 540 billion).

Federal spending reached $ 3.730 billion during this period, an increase of 8% from the previous year. Revenue reached $ 2.860 billion, an increase of 3.4%.

In July, the federal budget deficit totaled $ 119.7 billion, with total spending of $ 371 billion, an increase of 22.8% from last year. Total revenue was $ 251.3 billion, an increase of 11.6%. F

<! – impproperty 750933832019-08-13 05: 05: 42: 46United States deficit budget10027176468current affairscurrent affairshttp://french.china.org.cn/foreign/txt/2019-08/13/content_75093383.htmnullXinhua News AgencyThe U.S. federal budget deficit reached $ 866.8 billion in the first ten months of fiscal year 2019, an increase of 27% over the same period last year, the department said Monday. Treasury.1/ Enpproperty ->