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US budget deficit jumps to $100 billion at start of fiscal year

Waning support for US government debt from the US Federal Reserve, combined with President Donald Trump's deficit-boosting tax cuts, are weighing on the debt load that he inherited from Barack Obama

1 min read14 Nov 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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