Photo: Beawiharta Beawiharta / Reuters
The U.S. national debt reached 26 trillion dollars, and set an absolute record. He grew up on a trillion dollars a month, reports TASS with reference to data of the Ministry of Finance.
The sharp rise is associated with the spending budget to fight the pandemic coronavirus and deferred tax payments, the Ministry of Finance of the country. From the moment Donald trump headed the White house, borrowing has increased by six trillion. According to the International monetary Fund (IMF), public debt may increase to 131.1 percent of GDP in 2020.
In early April, the Federal reserve system (FRS) the USA declared new measures to stimulate the national economy with a total amount of 2.3 trillion dollars. On 24 April a bill on the additional package of measures totalling almost 500 billion dollars was signed by trump.
The country’s budget deficit increased to 1.9 trillion dollars in the first eight months of the fiscal year. This is a record from 2009, then it amounted to 1.4 trillion dollars.
Video, photo All from Russia.