U.S. budget deficit increased in the current year by 0.4% compared to last year, so this deficit amounted to 1.29 trillion dollars, according to the U.S. Treasury, and thus the deficithas remained above the trillion dollars for the third year in a row.
The level recorded in 2011, the second highest record for America's budget deficit afterthe record in 2009 (1.41 trillion dollars), the result of fiscal stimulus plans drawn up byWashington to revive the U.S. economy and out of the recession.
And 10 years ago was the federal budget surpluses recorded in the annual budget, and it was very unlikely to expect a huge deficit more than a trillion dollars in the financial world's largest economy, and became a deficit and debt currently the subject of political strugglein Washington.
The budget deficit for the current year of 8.7% of GDP, which represents a decreasecompared to fiscal year 2010, where Nahzat 9%, and said the U.S. Treasury and the White House - in a joint statement - that the deficit remains high as a result of the continuing effects of the financial crisis in 2008
And 2009.
Battle of debt
The data came deficit after more than two months of confrontation between the presidentand Republicans in Congress about raising the ceiling of U.S. debt, and the danger thatwas to befall America to default on its debt in the event did not agree lawmakers to raise the ceiling, and the results of this confrontation that has been reduced credit rating Premierto Washington for the first time.
On the other hand, the Federal government revenues rose 6.5% in 2011 compared to a year earlier, reaching to 2.30 trillion dollars, which represents 15.4% of GDP compared to15.1% in 2010.
The total expenditure increased by 4.2% to $ 3.60 trillion, or 24.1% of GDP, which is the same percentage as last year.
In a related context, facing a higher committee belonging to the Congress under pressureto reach in a few weeks to agree on reducing the $ 1.2 trillion of public spending over 10 years, and if no agreement is reached will be reduced automatically from the budgets ofhealth care, defense spending and other sectors essential to apply this reduction inJanuary 2013.
Source: Agencies