The US national debt has set a record, rising above $ 22 trillion. Experts have already called this indicator a ground for concerns about the correctness of the country’s fiscal path. The development of the economy according to the chosen course can seriously harm the citizens.
The American Department of the Treasury has announced that the increase in the government debt in January amounted to 30 billion US dollars.
Over 11 months, the sum of the debt has increased by one trillion dollars. The increase in expenditures on defense and a tax reform initiated by the President are the main reasons for such a catastrophic figure. It should be mentioned that the reform cost the budget $ 1.5 trillion.
Many analysts have already expressed the view that the rapid debt increase is a ground for suggesting that the economic situation is getting worse. Due to the huge imbalance of expenditures and revenues, the national debt is still increasing. Judd Gregg and Edward Rendell, who are at the head of Campaign to Fix the Debt, note that instead of solving the problem, the leaders continue to increase the national debt, transmitting this “heritage” to the next generation.
At the end of January, Fitch Ratings made public the information that the States had the largest public debt. At the same time, every year, its volume increases by one trillion US dollars. Japan takes the second place on this indicator (12 trillion US dollars), China is the third (6 trillion US dollars). European flagships are in a more favorable position. At the end of last year, France, Germany and Britain recorded a national debt of not more than 2.7 trillion US dollars per country.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade