The U.S. Congressional Budget Office has released a report with a pessimistic forecast for the size of the nation's budget deficit this year and next.
The department notes that this figure will only increase, and moreover strongly.
The department expects that this year the size of the U.S. budget deficit will increase to $1.9 trillion, and in ten years, by 2034, this figure will reach $2.8 trillion.
The experts' calculations indicate that the budget deficit this year will increase by 27 percent from February projections, and the total deficit for 2025-2034 will increase by 10 percent.
The paper reports that much of the increase in the gap between government spending and revenues is due to new laws, including $95 billion in "emergency supplemental appropriations" to help Ukraine.