answersLogoWhite

0

On 24 September 2008, our national deficit was 10.3 Trillion.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Distinguish between deficit budget and surplus budget?

The main difference between the fiscal and budget deficit is of time period in consideration.Fiscal Deficit is the Govt. Deficit (Government Expenditures - Government Earnings (excluding borrowings)) for a fiscal year let say 2008-09 while...Budget Deficit is the Govt. Deficit in fiscal year 2008-09 (i.e. fiscal deficit for year 2008-09) plus the past Debt over the Government (i.e. the net sum of all past Fiscal deficit/surplus before fiscal year 2008-09).


What was the federal deficit in 2008?

In 2008, the federal deficit of the United States was approximately $458 billion. This figure was influenced by the financial crisis, which led to increased government spending on economic stimulus measures and a decline in tax revenues. The deficit marked a significant increase compared to previous years, reflecting the economic challenges faced during that time.


How do you calculate nominal deficit?

nominal deficit is the deficit determined by looking at the difference between expenditures and receipts.real deficit: nominal deficit - (inflation x total debt)


What is the noun of deficit?

An example of using the noun, deficit, is: "an annual operating deficit."


What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?

fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.


What is primary deficit in a budget?

Primary deficit=Fiscal deficit-[minus] Interest payments


What is monetized deficit?

Monetized deficit is when the government prints money to pay down the deficit.


What is the concept of deficit financing?

Concept of deficit


Does Costa Rica have a deficit or a surplus?

Deficit


What is a current account deficit?

current account deficit


Does US have a deficit or trade surplus?

Trade deficit


The antonym of the word deficit?

The antonym of deficit is surplus.