The US public debt exceeded 35 trillion dollars

reported Mehr reporter quoted by Tass, the statistics of the US Treasury Department indicate that in recent days and for the first time in the history of this country, the public debt of the US has exceeded 35 thousand billion dollars.

The public debt is actually the amount that the US government owes to creditors for financing the budget deficit or paying expenses.

This debt includes the government and public debt of the United States, the first of which reached 7.2 trillion and the second reached 27.8 trillion dollars.

Government debt also includes the amounts that the US government owes to the domestic institutions of this country, including pension funds.

An increase in the national debt of a country usually occurs due to an increase in its budget deficit, and a country’s budget deficit increases when its expenses grow more than its income.

The last time the revenues of the US government exceeded its expenses was in 2001.