US deficit grows 13.6% in 2017, now 3.5% of GDP


The US budget deficit grew to $666 billion in fiscal year 2017, according to official data released Friday, with much of the increase associated with spending on an ageing population. It represented a 13.6 percent year-on rise. The deficit now accounts for 3.5 percent of gross domestic product, up from 3.2 percent in 2016. “Growth […]


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