U.S. Secretary of Treasury promises to bring the state deficit to the half

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The promise of the finance

There must be a better track of finances in the U.S. The promise of the Secretary of Treasury, Timothy Geithner – but it is just not a thing that you do just like that.

Cut off half

Geithner promises that Obama’s government is determined to cut off half of the American Govenment deficit over the next four years. Geithner said that the current financial year will end with a deficit of 1,750 billion. U.S. dollars, representing 12.3 per cent. of the U.S. gross domestic product.

Obama’s budget plan

1,750 billion U.S. dollars will President Obama’s budget plan is reduced to a modest deficit of 533 billion. U.S. dollars, 3 percent. of projected GDP in 2013. This would be really good news for the american economy, if the American government succedees, as the influence of american economy on the world’s economy is determined.

The banking package more expencive than approved

Geithner also said that the banking package in the U.S. might run into an extra 700 billion. dollars, than the Congress already has approved. Let’s hope that the american financial effort will show some results – and in my oppinion – the sooner the better.

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marts 12th, 2009 at 7:03 pm

Posted in economics

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