U.S. President Barack Obama has sent to Congress a draft budget, in accordance with which the deficit on the basis of fiscal year 2010 (ending September 30, 2010) will be a record $ 1.56 trillion, writes MarketWatch.
However, in 2011 fingodu, which begins Oct. 1, 2010, we plan to reduce the deficit to $ 1.27 trillion, while the remainder of the decade, it will stay above $ 700 billion
In the past fiscal year, which ended Sept. 30, 2009, the deficit stood at $ 1.4 trillion (9.9% of GDP). In the current fiscal year, projected to be even higher - about 10% of GDP, which is unprecedented magnitude since the Second World War.
Obama said that job creation remains for him the highest importance.
“While our company does not hire again and has not created jobs to replace those we lost - yet America will not run again - my administration will not rest, but this recovery will not be finished”, - stated in the draft budget .
President said that job creation will be further sent $ 100 billion is also planned to significantly increase individual and corporate taxes, including for the rich, which should help in reducing the deficit.
The planned budget for the banks, bankers and multinational corporations will be imposed on new financial obligations, and the oil companies will lose tax breaks worth $ 39 billion, writes The Wall Street Journal.
In general, the Obama plan implies a reduction of budget deficit to $ 727 billion (4.2% of GDP) in 2013. But while total national debt continue to grow. Presidential budget authorizes an increase in national debt by $ 8.5 trillion by the end of 2020, which will increase its volume up to 77% of GDP from the current 53%.
income tax rate for the two most affluent groups of citizens will be increased to 36% and 39.6% respectively from the current 33% and 35%. For families receiving more than $ 250 thousand, a tax on dividends and capital gains will increase to 20% from 15%.
As indicated in the budget deficit in 2014 fingodu should fall to $ 706 billion, then stabilize below $ 800 billion between 2015 and 2018 fiscal year and then re-start growth.
The government is obliged to provide in Kiev budgetary resources allocated to the cost of damages investors “Elite-Center”
Forbes: Berezovsky, perhaps, no longer a billionaire
Better the market during the whole day feltd2flike a regional telecom sector, the paper which added more than 5%
Russia market becomes more receptive to the fundamentals
Flow enough positive macroeconomic news from Europe and the U.S. did not allow Russia”s market to show a more profound reduction
By the closing session of the “oil industry has greatly imd0aproved their performance price changes of securities per day
Airport in no hurry to develop
NBU: The growth of exports of goods and services in 2010 is expected higher than imports
Domestic exchanges could not now go into a plus, better than the market looked Paper Gazprom and telecom
U.S. President proposed a budget with a record deficit of 1.6 trillion dollars
U.S. President Barack Obama has sent to Congress a draft budget, in accordance with which the deficit on the basis of fiscal year 2010 (ending September 30, 2010) will be a record $ 1.56 trillion, writes MarketWatch.
However, in 2011 fingodu, which begins Oct. 1, 2010, we plan to reduce the deficit to $ 1.27 trillion, while the remainder of the decade, it will stay above $ 700 billion
In the past fiscal year, which ended Sept. 30, 2009, the deficit stood at $ 1.4 trillion (9.9% of GDP). In the current fiscal year, projected to be even higher - about 10% of GDP, which is unprecedented magnitude since the Second World War.
Obama said that job creation remains for him the highest importance.
“While our company does not hire again and has not created jobs to replace those we lost - yet America will not run again - my administration will not rest, but this recovery will not be finished”, - stated in the draft budget .
President said that job creation will be further sent $ 100 billion is also planned to significantly increase individual and corporate taxes, including for the rich, which should help in reducing the deficit.
The planned budget for the banks, bankers and multinational corporations will be imposed on new financial obligations, and the oil companies will lose tax breaks worth $ 39 billion, writes The Wall Street Journal.
In general, the Obama plan implies a reduction of budget deficit to $ 727 billion (4.2% of GDP) in 2013. But while total national debt continue to grow. Presidential budget authorizes an increase in national debt by $ 8.5 trillion by the end of 2020, which will increase its volume up to 77% of GDP from the current 53%.
income tax rate for the two most affluent groups of citizens will be increased to 36% and 39.6% respectively from the current 33% and 35%. For families receiving more than $ 250 thousand, a tax on dividends and capital gains will increase to 20% from 15%.
As indicated in the budget deficit in 2014 fingodu should fall to $ 706 billion, then stabilize below $ 800 billion between 2015 and 2018 fiscal year and then re-start growth.
The government is obliged to provide in Kiev budgetary resources allocated to the cost of damages investors “Elite-Center”
Forbes: Berezovsky, perhaps, no longer a billionaire
Better the market during the whole day feltd2flike a regional telecom sector, the paper which added more than 5%
Russia market becomes more receptive to the fundamentals
Flow enough positive macroeconomic news from Europe and the U.S. did not allow Russia”s market to show a more profound reduction
By the closing session of the “oil industry has greatly imd0aproved their performance price changes of securities per day
Airport in no hurry to develop
NBU: The growth of exports of goods and services in 2010 is expected higher than imports
Domestic exchanges could not now go into a plus, better than the market looked Paper Gazprom and telecom