US national debt set a world record

19 March 2018, 22:58 | Economy
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US government debt for the first time in the history of the country was $ 21 trillion. 31 billion, according to data published on the website of the US Ministry of Finance. Doctor of economic sciences, chief researcher of the Institute of the USA and Canada RAS Vladimir Vasiliev told about the reasons for the record growth. According to him, the sharp increase in military spending and the tax reform of President Donald Trump, contributed to the fact that the debt of the United States rose to the maximum values. He stated this on the radio Sputnik. At the same time, Vasiliev is confident that this trend will only continue. "If you look at the figures, according to official US estimates, next year the budget deficit could amount to at least a trillion dollars. This year, it could amount to about 800 billion dollars, "he added..

Vladimir stressed that the ratio of national debt to GDP will be 107-108% and this is a bomb that is laid under the American economy. For the increase in debt Republicans criticized the previous US President Barack Obama. Donald Trump during the pre-election race promised to pay off the accumulated amount. He argued that his economic program would solve this problem in the shortest time, but only for the year of his reign the state debt has already grown by $ 3 trillion.




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