The US budget deficit reached $ 291 billion in July.
The US government budget deficit in July increased by 20 % to $ 291 billion although the revenue collected from customs duties was carried out. In this increase, the main factor is the growth of spending faster than income. The budget deficit for July increased by 19 percent with an increase of $ 47 billion compared to the previous year. During this period, the revenue reached $ 338 billion with an increase of 2 percent, while spending increased to a record level on a monthly basis with 10 % leap. In July, the Ministry of Finance said the revenue increased by $ 20 billion to $ 271 billion with repaired copies made due to the fact that the number of working days was less. Thanks to the tax rates made by US President Donald Trump, customs revenue increased from $ 8 billion to $ 28 billion compared to a year ago.