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US budget deficit climbs to $1.7 trillion in 2023 fiscal year

As a percentage of GDP, the deficit was 6.3%, up from 5.4% in fiscal year 2022

WASHINGTON, October 21. /TASS/. The US budget deficit increased over the past year by $320 bln to $1.7 trillion, Secretary of the Treasury Jannet Yellen and Director of the Office of Management and Budget Shalanda Young said in their joint statement.

In financial year (FY) 2023 that ended on September 30, "the deficit for FY 2023 was $1.7 trillion; $320 billion higher than the prior year’s deficit. As a percentage of GDP, the deficit was 6.3%, an increase from 5.4% in FY 2022," the statement reads.

The deficit in the ended financial year turned out to be $31 bln lower than the estimated figure as of the end of the previous financial year. In financial year 2022, the budget deficit stood at $1.37 trillion.

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One more Ukrainian drone shot down over Belgorod Region — defense ministry

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Russian air defenses down Ukrainian drone in Russia’s Belgorod Region — top brass

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Death toll from Israeli strikes on Gaza Strip nears 35,500 — health ministry

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Ukrainian attack on bus in Kherson Region injures 16 civilians, kills one — governor

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Honduran ambassador to Moscow dies — Honduran foreign ministry

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Gunfire was heard in the morning near the residence of Vital Kamerhe

Russian rescue plane takes off for Tabriz to take part in search for Raisi

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Slovak PM Fico’s life out of danger — deputy PM

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Turkish drone discovers potential fragments of Raisi’s helicopter — Anadolu

The IRGC Commander Lieutenant General Hossein Salami confirmed it

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Russian air defense shot down 57 UAVs in Krasnodar region overnight — Defense Ministry

Three UAVs were destroyed over the territory of the Belgorod region

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Six drones fall near oil refinery in Krasnodar Region — authorities

Roman Sinyagovsky added that, according to preliminary information, there were no casualties or damage

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Air defense is repelling a missile attack in Sevastopol — region’s governor

Traffic on the Crimean Bridge has been temporarily closed