Balance of payments and external debt – March 2023 nineoclock.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nineoclock.ro Daily Mail and Mail on Sunday newspapers.
In all but five of the past 50 years, the budget of the United States has been in cash deficit.[1] For example, in 2015, the federal government ran a cash deficit of $438 billion after collecting $3,250 billion in revenues and spending $3,688 billion.[2] The continuous level of deficit spending has increased public debt, which, during the same period, rose from 33.7 percent to 73.6 percent of the gross domestic product (GDP).