Federal Government Adds $432 Billion To Deficit In July, Shortfall Nears $1.8 Trillion
5 Articles
5 Articles
Economic consultant Raul Velloso: A really important theme in the short-term economic news is the escalation of the Brazilian public debt, which has just reached its highest level since 2021: it reached more than R$ 10 trillion in June, something around 82% of the Gross Domestic Product (GDP). Faced with the sarivada of questions about the degree of mismanagement of a debt that has reached this dimension – because it results from a triggering of…
Federal Government Adds $432 Billion To Deficit In July, Shortfall Nears $1.8 Trillion
By Ethan Faverino | The federal government ran a $432.308 billion deficit in July, marking the largest monthly deficit since March 2021, according to the Joint Economic Committee’s latest Monthly Fiscal Update. The July deficit brought the federal government’s total deficit for the fiscal year through July to $1.799 trillion. The figure is 10.46% higher than the $1.629 trillion deficit recorded during the comparable period in FY25. The federal g…
In July the United States recorded a fiscal deficit of US$432 billion, the largest for that month, while public debt is close to US$40 billion. Interest payments reached US$118 billion during July alone and deepens the pressure on federal accounts.
What has happened? The US fiscal deficit reached 432.3 billion dollars in July, the largest since March 2021. Who is behind it? The Treasury Department published the data; the White House manages a fiscal policy marked by tariffs and refunds after the Supreme Court ruling. What impact does it have? Structural pressure on global interest rates and on the financing of Spanish debt. The US fiscal deficit skyrocketed in July to 432.3 billion dollars…
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