The US GDP is released on a quarterly basis. The quarter ending March 2019 will be released on April 26, 2019 at 8:30 A.M. EDT. However, 2018 GDP was $20.49 trillion. There was an increase of 2.2% in the last quarter of 2018. The current Federal deficit is $147 billion . This is the Federal Budget Deficit for March 2019. At the same time, the current Federal debt is $16.2 trillion. This is the report as at March 2019.
Inference
The increase in GDP in the last quarter of 2018 means that the rate of production has increased in the country. This is as a result of increased demand. The high rate of production leads to a decreased unemployment; which further increases demand. The increase in wages leads to higher demand due to increased demand from the consumers. As a result, GDP increases, and so is the inflationary rate.
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The budget deficit exists when expenses are more than the revenue. It is an indication that the country is experiencing financial health. Generally, the term budget deficit is used by the government in reference to expenditure; compared to individuals or businesses. The national debt is formed by accruing deficits.
The national or federal debt indicates the accumulated annual budget deficit. It is an indication of the total amount that the United States government owes both the internal and external creditors. The high amount of debt indicates that the national government will have to incur more amount in settling the debt in via money collected using the taxation. Monetary restructuring is important in to ensure that the debt does not exceed the amount set by the congress.
