Washington: The budget deficit of the world’s largest economy America has reached an all-time high of $ 3,000 billion in the first 11 months of the current budget year. The Finance Department gave this information on Friday. The US government has had to spend a large amount of money to mitigate the effects of the Corona virus pandemic, which has impacted the budget deficit. The epidemic has caused millions of jobs in America. The United States has the most cases of corona infection in the world.
In the 11-month period from October to August of the current budget year, the budget deficit has reached $ 3,000 billion. Earlier, the budget deficit was recorded in 2009 in a period of 11 months. The budget deficit at that time was $ 1,370 billion. It was the 2008 global financial crisis. The current budget deficit is more than double the previous record. America’s 2020 budget year is to end on September 30. The Budget Office of the US Congress estimates that the budget deficit will be $ 3,300 billion for the entire budget year.
