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The US budget deficit for the 7 months of the current fiscal year, which began on October 1, 2018, amounted to 530.87 billion dollars. According to the US Treasury, the figure rose 37.7% from a year earlier. The amount of budget revenues in the amount of 2.043 trillion dollars showed a record level, its growth was at the level of 1.8%. Revenue from income taxes of individuals increased by 2.5%. There was also an increase in customs duties almost 2 times, while corporate tax collections showed a decrease of 6.7%. Since the beginning of the fiscal year, costs have increased by 7.6%, reaching $2.574 trillion. The ministry said that the state budget deficit, taking into account the calendar factor, showed less significant growth - at the level of 23%. According to the forecast of the Congressional Budget Office, the US budget deficit in this fiscal year will increase to 4.2% of GDP from 3.9% of GDP in the last fiscal year.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
The dollar fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market. The euro rose to its strongest level in over a year after EU leaders ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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