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In July 2024, the US federal budget deficit reached $243.7 billion, which is 10.4% more than in July 2023. Despite a 19.6% increase in budget revenues to $330.377 billion, expenditures increased even more – by 15.5% to $574.119 billion. In the first ten months of the fiscal year (from October 1), the budget deficit amounted to $1.517 trillion, which is 6% less than in the same period last year. However, the growth of government spending, especially interest payments on the national debt (32% to $956 billion), raises serious concerns. According to the U.S. Treasury Department, the national debt has exceeded $35 trillion for the first time in history. The Congressional Budget Office predicts that by 2034 it will reach $50 trillion, accounting for more than 122% of GDP. Such dynamics can lead to serious economic problems in the future, especially given the projected average annual GDP growth in the period 2029-2034 – only 1.8%.
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
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