U.S. records $2.77 trillion budget deficit for 2021, second-biggest ever
The U.S. has recorded the second-largest annual budget deficit as the pandemic-relief spending sustained the federal government’s massive borrowing needs
By Arghyadeep Dutta
Published - Oct 22, 2021, 10:16 PM ET
Last Updated - Jul 04, 2024, 12:57 AM EDT
• U.S. budget deficit is recorded at $2.77 trillion, the second-largest annual deficit
• The data remains distorted by massive pandemic spending
• The shortfall expected to shrink further as COVID-19 relief aid fades
The U.S. has recorded the second-largest annual budget deficit as the pandemic-relief spending sustained the federal government’s massive borrowing needs.
