The annual deficit of the US state budget exceeded $1 trillion

Customs duties increased by 73 percent.

A month before the end of the fiscal year, the US annual budget deficit exceeded $ 1 trillion for the first time since 2009, according to the Treasury Department.

The increase in the number of fees collected compared to last year is noteworthy. President Donald Trump has long called it proof that he is winning the trade war with China.

According to the Ministry, the budget deficit for the 11 months of the 2019 fiscal year exceeded $ 1 trillion, is 19 percent more than in the same period last year.

According to monthly data, the rate of growth in spending more than twice the growth in income. The US fiscal year ends on September 30.

Customs duties entering the U.S. budget rose 73 percent to $ 66 billion.

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Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor

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