U.S. budget deficit exceeded one trillion dollars for the fourth year in a row,
but a slight improvement in economic growth helped to narrow the gap to 207 billion dollars compared with last year.
The Treasury Department said that the 2012 budget deficit reached $ 1.1 trillion. Tax revenues rose 6.4% year-on-year to reach $ 2.4 trillion has helped to contain the deficit.
Revenue rose more people have jobs and become their income, also contributed to companies with more taxes compared to 2011.
And government spending fell by 1.7% to reach $ 3.5 trillion, and decline partly reflected in the decrease in military spending ينزوى U.S. military intervention in Iraq.
Obama's presidency coincides now with four consecutive years of budget deficit in more than a trillion dollars, marking the first time in history, has become an important issue in the presidential campaign, which ends on the sixth of November.
And pays Republican candidate Mitt Romney that Obama has failed to achieve its promise of helping to reduce the deficit he inherited in half by the end of his first term.
The Treasury Department said that the 2012 budget deficit reached $ 1.1 trillion. Tax revenues rose 6.4% year-on-year to reach $ 2.4 trillion has helped to contain the deficit.
Revenue rose more people have jobs and become their income, also contributed to companies with more taxes compared to 2011.
And government spending fell by 1.7% to reach $ 3.5 trillion, and decline partly reflected in the decrease in military spending ينزوى U.S. military intervention in Iraq.
Obama's presidency coincides now with four consecutive years of budget deficit in more than a trillion dollars, marking the first time in history, has become an important issue in the presidential campaign, which ends on the sixth of November.
And pays Republican candidate Mitt Romney that Obama has failed to achieve its promise of helping to reduce the deficit he inherited in half by the end of his first term.
ليست هناك تعليقات:
إرسال تعليق