Federal deficit totaled $2.77 trillion in fiscal year 2021, second highest after 2020


us deficit worthy christian news(Worthy News) – The federal budget deficit for fiscal year 2021 topped $2.77 trillion, the Biden administration announced on Friday.

The figure is $360 billion, or 11%, lower than the last fiscal year, which ran from October 2019 through the end of September 2020, and it featured enormous amounts of government spending to counter the economic effects of the coronavirus pandemic.

While spending rose by $266 billion in 2021, tax revenue rose by about $626 billion, or about 18%. [ Source: Washington Examiner (Read More…) ]

9
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Trump Gives Israel Green Light to Act Against Hezbollah if Disarmament Fails
Fire at Tower of Vondelkerk Church in Amsterdam
At Least Five Killed as Iran Protests Enter Fifth Day Amid Deepening Economic Crisis
Eight Killed In U.S. Military Counter-narcotics Strikes
Zohran Mamdani Sworn In As New York City’s Mayor
Dozens Killed, About 115 Injured in Swiss Ski Resort Bar Blaze
World Leaders Strike Mixed Tones of War, Grief, and Hope in New Year Addresses
Immigration From U.S. and Europe to Israel Surges in 2025 Despite Overall Decline in Arrivals
Trump Pulls National Guard From Democrat-Run Cities After Court Defeats, Warns Troops Could Return
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News