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As per results of 2018 FY, the U.S. federal budget deficit reached USD 779 bln, Associated Press reports.
It is the record level for the last six years.
In 2017 financial year, the U.S. budget deficit reached 665.7 bln dollars, and for the last period, it increased by 113 bln dollars.
Trump administration expects that the deficit will exceed 1 trln dollars in the next year due to the deterioration of the situation with debt liabilities, the agency notes.
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