US Budget Deficit Projected to Remain Above 5.5% of GDP Until 2034
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#99dc5812 ver:0.51

The US budget deficit is projected to remain above 5.5% of GDP until 2034, reaching $1.9 trillion in 2024. The national debt is expected to reach $50.7 trillion by 2034, accounting for 122% of GDP. Factors contributing to the deficit include increased spending on student loans, Medicaid, foreign aid, and bank failures. The growing debt poses risks to economic growth and the country's ability to respond to emergencies. #USbudgetdeficit #nationaldebt #economicgrowth...

#newstr #UsBudgetDeficit #CongressionalBudgetOffice #FederalInterestCosts #DefenseSpending #Gdp #Fiscalyear2024 #DebtHeldByThePublic #InterestPayments #FederalBudget #SocialSecurity #Medicare 

 https://here.news/story/99dc5812?ver=0.51