The United States of America's largest budget deficits by year in USD. These large deficits occur because the U.S. government spending is much higher than its revenue. The national debt is the accumulation of each year's deficit.
At this rate it looks like a deficit of $1 trillion dollars is becoming the norm and setting the country off on an unsustainable debt experiment.
🔷Twitter: [ Ссылка ]
✔Subscribe to the Mining Stacks channel: [ Ссылка ]
Data Source: Federal Reserve Bank of St. Louis
#government #deficit
