Bensant: US fiscal deficit ratio is expected to fall to 3% range
U.S. Treasury Secretary Besent said on Wednesday that there is still room for the U.S. fiscal deficit as a percentage of GDP to fall to the 3% range. Besent said at an event: "The proportion of the deficit to GDP - this is a key indicator - currently starts with '5'." He added that the deficit for the fiscal year ending on September 30 was smaller than the previous year. Due to the federal government shutdown, the Treasury Department has not yet released annual deficit data. When asked if he hoped the deficit as a percentage of GDP would start with a "3", Besent replied: "Yes, this is still possible."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoinGecko Reports Crypto Market Cap Peaks to Record Highs in Q3 Since 2021
Global Crypto Valuation Soars 16.4% to $4 Trillion, Marking a Historic High Since Last Year

BTC rebounds above $109,000
XAI is planning a $20 billion lease-and-buy deal for Nvidia chips