US budget deficit rose to $ 691 billion in Q1. 2019.

At the beginning of February, we wrote about debt in the United States. Thinking back to that information, the Treasury Department showed another significant increase in debt, which at that time amounted to more than 22 trillions of dollars. The information about the debit in the Donald Trump's vault again came to the market. What are the current messages?

Check it out: Current US debt [live]

In March there was an improvement

In the audited period, only in March there was any improvement in the overall approach to debt. The proceeds for the six-month period increased by 0,7 percent, while expenses increased by 4,9 percent. Only last month, the deficit decreased to $ 147 billion. If we compare this data in y / y terms in 2018, we can see a slight improvement in the same period. The corresponding period of last year from October to March is much less pronounced. During this time, the budget gap has grown by as much as 15% according to the Treasury Department's budget report released on Wednesday.

The deficit has grown to $ 691 billion

The US budget deficit increased to $ 691 billion in the first half of fiscal year 2019. Now the fundamental question is, what caused it? We can find several minor, direct and indirect reasons for this. However, the key issue is expenses. According to data from a budget report issued by the US Treasury Department, they have exceeded the increase in revenues. This clearly shows a continued decline in government debt from President Trump's tax cuts and the effects of an aging population.

The increase was predictable

In October last year, a group of experts from the responsible federal budget committee (The Committee for a Responsible Federal Budget) estimated that in the first quarter of 2019 the budget gap will widen. This sparked a debate among the Trump administration and Republicans who pledged to apply tighter financial discipline to avoid such a rapid increase in debt. The main problem currently complicating these statements lies in the growing spending of the US budget.