US, WASHINGTON (ORDO NEWS) — The total debt of the US federal government reached a record level of $ 24.5 trillion, which was facilitated by measures taken to combat coronavirus. This was announced on Thursday by CBS.
Since January 1, US public debt has increased by $ 1.5 trillion, the television company said, commenting on the statements of President Donald Trump on Wednesday that he is not worried about the growth of national debt in connection with the allocation of trillions of dollars to overcome the consequences of the coronavirus pandemic.
The television company recalled that at the end of March, Trump signed a law on economic stimulus measures in the amount of more than $ 2 trillion, which is designed to mitigate the damage caused by the pandemic.
The document provides, in particular, the payment of unemployment benefits, assistance to hospitals, assistance to a number of industries. On Tuesday, the US Senate approved another $ 500 billion package of measures. The House of Representatives is expected to vote on the bill on Thursday.
Earlier, The Washington Post emphasized that the US national debt and the debts of American corporations due to a pandemic this year will rise to record levels, which, experts say, will create risks for the economy after the coronavirus is over.
In accordance with forecasts made by the publication, federal budget spending this year will exceed $ 4 trillion in revenue.
According to experts of the International Monetary Fund, released last week, the US public debt due to measures taken to counter the spread of coronavirus will grow in 2020 to 131.1% of GDP.
According to the Bureau of Economic Analysis under the US Department of Commerce, the country’s GDP at the end of last year was $ 21.73 trillion.
Currently, the USA leads among countries both in the number of coronavirus infected – more than 842 thousand people, and in deaths – over 46 thousand.
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