In the first quarter, the US government recorded a budget deficit of more than trillions of money in the first quarter.

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 In the first quarter, the US government recorded a budget deficit of more than trillions of money in the first quarter.


The report said that while the huge deficit would boost the demand for government borrowing, finance minister Steven Mnuchin said in the evening of April 30th that he was not worried that the increase in government bonds would lead to a substantial increase in interest rates and no fear that it would threaten the overall economic growth. Mnuchin said, a little inflation is a good thing. We want salary growth. Reported that the Congressional Budget Office estimated that this years budget deficit will climb to $804 billion, a 665 billion increase over last years budget deficit of 21%. The Congressional Budget Bureau forecasts that the budget deficit will reach $981 billion next year, up to $1 trillion in 2020, and will remain above $1 trillion in the remaining years of the 10 year forecast. The report says the budget deficit has remained above trillion dollars for several years in a row, reflecting the rising government spending. The main reason is that, with the retirement of the baby boomer generation in the United States, the states health insurance spending is increasing, plus a 1 trillion and 500 billion dollar tax cut approved by Congress last year, resulting in a tax reduction. This article source: Reference News Net editor: He Yufang _NN5632 Mnuchin said, a little inflation is a good thing. We want salary growth. Reported that the Congressional Budget Office estimated that this years budget deficit will climb to $804 billion, a 665 billion increase over last years budget deficit of 21%. The Congressional Budget Bureau forecasts that the budget deficit will reach $981 billion next year, up to $1 trillion in 2020, and will remain above $1 trillion in the remaining years of the 10 year forecast. The report says the budget deficit has remained above trillion dollars for several years in a row, reflecting the rising government spending. The main reason is that, with the retirement of the baby boomer generation in the United States, the states health insurance spending is increasing, plus a 1 trillion and 500 billion dollar tax cut approved by Congress last year, resulting in a tax reduction.