empty
 
 
US budget deficit comes in at $455 billion
24-07-2015 11:44
US budget deficit comes in at $455 billion
US budget deficit comes in at $455 billion

The world's largest economy is experiencing serious troubles. Summarizing financial results, the government of the United States is again faced with the problem of the budget deficit. According to the latest official report released by the Presidential Administration, the US has a budget deficit which is estimated at $455 billion. The document was prepared and signed by Shaun Donovan, the Office of Management and Budget Director. So, there is no doubt that such a huge figure is correct. However, it accounts for only 2.6 percent of GDP. Taking these circumstances into account, the budget deficit is not so big. Anyway, it is slightly lower than the figures for the previous reporting periods and below analysts' expectations. The government believes that currently they are capable of curbing the budget deficit growth and at the same time to stabilize the external debt. The government owes such success mainly to a strict adherence to the exchange rate policy introduced by President Barack Obama. If the US manages to retain control over the situation provided that external political and economic conditions are favorable, then the US budget deficit will shrink to 2.2 percent of GDP within next few years. In addition, the preliminary data showed a strong pace of job growth. Over the past five years, nearly 12.8 million of new jobs have been created in the US private sector. Since the beginning of 2014, the US unemployment rate fell to 5.3 percent.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback