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وكالة الأنباء القطرية
US budget hits 5-year monthly deficit
The U.S. budget deficit in July reached the highest monthly level since March 2021, due to increased spending on the "Medicare" program, which rose from $103 billion to $174 billion, and the escalating debt interest burdens. During the first ten months of the fiscal year, the deficit totaled approximately $1.799 trillion, surpassing the total deficit for 2022, which was $1.775 trillion. Additionally, total public debt service payments since the beginning of the year amount to $1.17 trillion, with net interest expenses of $931 billion.
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