Arab Today, arab today us deficit ticks higher in fiscal 2011
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

US deficit ticks higher in fiscal 2011

Arab Today, arab today

Arab Today, arab today US deficit ticks higher in fiscal 2011

Washington - AFP

The US budget deficit edged slightly higher in fiscal 2011 but shrank in terms of its size relative to the economy\'s output, the Treasury Department said Friday. The shortfall rose 0.4 percent in the year ended September 30 from a year ago, to $1.299 trillion, the department said in releasing the details of the fiscal 2011 budget results. That marked the second-highest gap in US history after the record $1.416 trillion hit in 2009 when the government poured cash into the recession-wracked economy. As a percentage of gross domestic product, the budget picture improved. The deficit was 8.7 percent of GDP in the 2011 fiscal year, down from 9.0 percent in fiscal 2010. \"The FY 2011 deficit remained elevated as a result of the continued effects of the financial crisis in 2008 and 2009, which have put a persistent strain on federal revenues and outlays,\" the Treasury and the White House said in a joint statement. \"The slight uptick in the nominal deficit from last year was due to higher outlays that were nearly offset by higher receipts,\" they said. The federal government\'s receipts rose 6.5 percent from fiscal 2010, to $2.302 trillion. The increase brought receipts to 15.4 percent of GDP, compared with 15.1 percent the prior year. Outlays rose 4.2 percent from a year ago, to $3.601 trillion, and were unchanged from the prior year at 24.1 percent of GDP.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us deficit ticks higher in fiscal 2011 Arab Today, arab today us deficit ticks higher in fiscal 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us deficit ticks higher in fiscal 2011 Arab Today, arab today us deficit ticks higher in fiscal 2011

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday