US budget deficit increased by $320bn to make $1.7tr

The US budget deficit this fiscal year has increased by $320 billion to make $1.7 trillion, RIA Novosti reports with reference to the statement of the White House and relevant ministry

PHOTO: www.PIXELS.com

As stated in the released message, the budget deficit will amount to $1.7 trillion –$320 billion more than last year.

The US fiscal year ends at the end of September.