The US budget deficit for 2015 fiscal year was the lowest for 8 years

Moscow. October 16. The budget deficit of the USA in the 2015 fiscal year, which ended on September 30 last year, was the lowest for the last eight years, i.e. during the presidency of Barack Obama.

The negative balance for the last fiscal year amounted to $438,9 billion (2.5% of GDP), which is 9.2% below the figure for the previous year, reported the Ministry of Finance. This is the lowest deficit since 2007 both in dollar terms and in relation to the size of GDP.

Federal budget revenues in 2015 fingado increased by 7.6%, reaching $3,249 trillion from $3,02 trillion a year earlier. Including increased revenue from taxes on physical persons (+6%) and to companies (+10%).

Expenses grew 5.2% to $3,688 trillion compared to $3,504 billion. The rise of the indicator was mainly due to increased costs in health insurance (Medicare and Medicaid) and education.

In September, the budget surplus was $91,1 billion against $105,8 billion in the same month of 2014.

As reported, the state budget deficit by the end of 2014 Vigoda declined by almost 29% to $483,4 billion, or 2.8% of GDP.

Last annual budget surplus was recorded in the USA in 2001. In 2009 peak deficit in the country’s history – $1,41 trillion (9.8% of GDP).

The average size of the country’s budget deficit for the period since 1980 is about 3.2% of GDP.