The United States is unlikely to get any relief from the growing deficit. Latest figures from the congressional budget office or CBO shows that the deficit is expected to rise in the next 10 years, with higher interest payments set to account for a historic share of government spending. The new projections from the nonpartisan agency show deficits jumping from 1.6 trillion dollars this year to 2.6 trillion dollars in 2034.

US Budget deficit expected to rise in the next 10 years

According to reports, Russia's federal budget deficit worsened to a record level in December, driven by limits on oil exports at a time when spending on the invasion of Ukraine increased.

Russia's budget gap surges to record high in December

The new round of direct payments in the United States made to individuals - The US govt has posted the January budget deficit of $163 Billion.

World Business Watch: United States January budget deficit hits record high

In United States of America, six-month budget deficit rises to $ 744 Billion which is 8% up from last year. The tax payments due have been delayed until July 15.

US: Six-month budget deficit rises to $ 744 Bn, 8% up from last year

US budget deficit passes $1 trillion mark for fiscal 2019

The single currency, he says, takes away member states' ability to make crucial adjustments to their economies

Euro the root of all eurozone's ills, says economist Joseph Stiglitz

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