MOSCOW: The US budget deficit during the presidency of Joe Biden has hit the all-time high at US$6.6 trillion, according to Sputnik calculations based on data from the US Treasury Department.The US government’s expenses over three and a half years under Biden exceeded revenues by US$6.6 trillion — the highest in the entire history of these statistics. Thus, in 2021, the indicator amounted to US$2.8 trillion, or to 13 per cent of GDP. The following year, the negative balance decreased to US$1.4 trillion, or 6.3 per cent of GDP, but last year it increased to US$1.7 trillion, or 7.6 per cent of GDP. Over the first six months of this year, it amounted to US$758.2 billion, and the share of GDP on
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