DATA VIEW: US BUDGET BALANCE UPDATE
US Budget Balance has restored to its normal levels, last seen back in 2004 and right before the financial crisis fallout - in 2008.
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The balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition, government tax revenues fell sharply (as most corporations failed to show profit, thus to pay corporate taxes).
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore...
...
The balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition, government tax revenues fell sharply (as most corporations failed to show profit, thus to pay corporate taxes).
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore...
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