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USA's debt sets absolute record

21:25, Monday, 19 March, 2018
USA's debt sets absolute record

The share of the domestic debt makes up $5.6 trillion. The rest is held by private investors - individuals and legal entities - 15.3 trillion dollars.

One of Donald Trump's pre-election promises was to eliminate the US public debt. The president insisted that his economic measures would solve this problem, but during one year of Trump's presidency, the US public debt has grown by more than a trillion dollars.

Previous US President Barack Obama was also criticised for increasing the national debt of the United States. The US public debt grew from 10.6 trillion to 19.9 trillion dollars during Barack Obama's two presidential terms. The US budget deficit has been growing as well. In February, it reached a new record of 215 billion dollars.

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