For 2007, the budget deficit totaled $162 billion, a five-year low.
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
India's fiscal deficit amounts to 4.5% or 1,39231 crore ($32b).
2001thru2012
A budget deficit can lead to more borrowing thereby impacting on the national debt
A:$48,915.74Amount of US deficit$11,042,553,971,450.40American citizens over the age of 18:225,746,457Divide the deficit amount between the amount of adults
by 2004, the United States realized a record trade deficit of nearly $651 billion.
The current US Deficit is $11,042,553,971,450.47 (11 Trillion)
Trade deficit
The US deficit brings bad news for Canada. This is because Canada's largest trading partners are the United States, and much of their wealth is derived from selling products there.
The USA has a trade deficit.
NO! a deficit means that the US's expenditures exceed their revenues (money earned from taxes). If the deficit cant be closed at the end of the fiscal year the deficit becomes a Debt.
The United States began experiencing a serious trade deficit.
An overview of the US deficit can be found in multiple places. Business news sites, such as BNN, have basic overviews of the US deficit, as well as recent information, present on the site. General news sites also have an overview of the deficit, such as the New York Times. Finally, the White House official website also has an overview of the US deficit.
where does texas rank in the u.s.a. when it comes to deficit?
Usually the deficit represents problems the country is facing which may affect university students. There is no direct consequence of a high or low US deficit.
The US' trade deficit is a major concern as it directly affects the economy. This is the among the gauges used to judge the competitiveness of the US economy.