budget deficit
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News
Total Budget Deficit is Rising in The US as It Reaches Nearly a 460 Billion Dollars in January
In January, the US federal government’s budget deficit was $39 billion due to declining receipts and rising spending. The January budget balance report was made public by the US Treasury Department. Accordingly, the federal government’s budget deficit was estimated to reach $39 billion in January of the fiscal year 2023, which began on October 1, 2022, and would finish on September 30, 2023. In the same month last year, the…
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News
Russia Started Selling Gold To Close The Budget Deficit
Russia sky-high budget deficit has caused it to liquidate a portion of its gold reserves and foreign exchange, as income from oil and gas sales dwindles. To close Russia’s billion-dollar national budget hole, authorities took decisive action in January to tap into their gold and currency reserves. Russia Sells Gold and Yuan to Close Trade Deficit In accordance with the Tass Russian news agency, Russia’s Ministry of Finance issued a statement…
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