Saturday, October 15, 2011

U.S Budget Deficit @ 8.7% of GDP in 2011

The U.S. government posted yet another annual budget deficit in excess of $1 trillion in the fiscal year ended Sept. 30.

The shortfall registered $1.3 trillion in fiscal 2011, up from $1.29 trillion in 2010. It reached $1.42 trillion in 2009, the highest ever.

The budget deficit for fiscal 2011 was 8.7 percent of GDP, down from 9 percent in 2010, according to the Treasury data. The gap reached 10 percent of GDP in 2009, the highest since 1945.  

No comments:

Post a Comment

15 Stock Investment Tips from Rakesh Jhunjhunwala

1. Always go against tide. Buy when others are selling and sell when others are buying.  2. If you believe in the growth prospects o...