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timothy_lucas_jaeger t1_j1ylgna wrote

Reply to comment by Fraun_Pollen in New sanctions starting to bite Russia’s economy as Moscow admits deficit impact by Minezenroll

I guess it depends what you mean by much much.

U.S. budget deficit is historically less than 5% of GDP, though there have been recent spikes to 9.8% in 2009 after the Great Recession and over 15% in 2020 in reaction to the pandemic. 2022 saw 5.4% and current estimate for 2023 is 4.5%.

Source: https://www.usgovernmentspending.com/federal_deficit_percent_gdp

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