What will the Americans say about this? US budget deficit of 314 billion dollars!

The US Treasury Department published the budget balance report for November.

Accordingly, the federal government's budget deficit was calculated as 314 billion dollars in November of the 2024 fiscal year, which started on October 1, 2023 and will end on September 30, 2024.

The federal government had a budget deficit of 249 billion dollars in the same month of last year. Thus, the budget deficit increased by 26 percent in November compared to the same month last year. The market expectation for the budget balance in this period was that the budget would have a deficit of 301.1 billion dollars in November.

The budget deficit broke its November record with the impact of high interest costs and other expenditures, reaching the highest level since March. The government's revenues increased by 9 percent in November compared to the same month last year to $275 billion, while its expenditures rose 18 percent to $589 billion.

13 PERCENT INCREASE IN TWO-MONTH BUDGET DEFICIT As of November, the second month of the 2024 fiscal year, the total budget deficit in the country increased by 13 percent compared to the same period last year and reached 381 billion dollars. The deficit in question was realized at 336 billion dollars in the same period last year. Expenditures in the first 2 months of the fiscal year increased by 17 percent compared to the same period last year to 1.1 trillion dollars, while revenues increased by about 19 percent to 678 billion dollars. The US budget deficit increased by 23 percent in fiscal year 2023 compared to the previous year, reaching 1.7 trillion dollars.