US Budget Deficit Projected to Remain Above 5.5% of GDP Until 2034
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#99dc5812 ver:0.52

The US budget deficit is projected to remain above 5.5% of GDP until 2034, with the deficit for fiscal 2024 estimated to be $1.9 trillion. Factors contributing to the increase include higher spending on student loans, Medicaid, bank failures, and foreign aid. The national debt is expected to reach 122% of GDP by 2034. Rising interest costs and entitlement programs are putting pressure on the federal budget. Economic growth is projected to slow, and leaders are called upon to address the growing debt. #USbudgetdeficit #nationaldebt #economicgrowth...

#newstr #UsBudgetDeficit #InterestCosts #FederalSpending #UsEconomicGrowth #Inflation #Immigration #UnemploymentRate 

 https://here.news/story/99dc5812?ver=0.52