U.S. budget deficit for fiscal year 2009 has totaled in 1.417 trillion. - the final score

/IRBIS, October 19, 09/ - According to the final assessment of the U.S. federal budget deficit for fiscal year 2009 totaled by 1.417 trillion. U.S.D, has down compare with a projected deficit of $ 162 billion (preliminary estimate was published in August - $ 1.580 trillion.). These data were published on Oct. 16, in a joint statement of U.S. Treasury Department and Department of Management and Budget of White House (OMB). Income for the fiscal year 2009 has totaled by $ 2.105 trillion and expenses on $ 3.522 trillion. Reducing the deficit with the assessment in August is reflect the estimated expenses, which amounted in $ 132 billion less than expected in August, amid lower-than-expected government spending on the Troubled Asset Relief Program (TARP). Deficit lowering as the result of the increasing revenue by $ 31 bn. than have predicted previously. The volume of borrowing from federal government net financial assets for the year has increased by $ 1.417 trillion on $ 6.711 trillion or till 47.2% of GDP. In his statement, U.S. Treasury Secretary Mr. T. Geithner and Head of OMB P. Orzag indicated that deficit in 2009 was mainly the result of spending and tax policy, inherited from the previous administration (Bush administration-ml.), While exacerbated by a severe economic downturn and the financial crisis. On the main economic activities administration Barack Obama for stabilization and reconstruction, carried out through the TARP and the implementation of the Law of the American recovery and reinvestment, accounted for 24% of the total deficit. [2009-10-19]