[ad_1]
A brand new fiscal paradigm is rising within the U.S. as the federal government’s curiosity funds outpace its protection funds for the yr 2023.
Knowledge sourced from the Federal Reserve reveals an unprecedented shift with $969.9 billion spent on curiosity funds in Q2 2023, dwarfing the President’s FY 2023 funds request for the Division of Protection (DoD) of $773 billion.
This marks a major departure from years of prioritizing protection spending because the U.S. grapples with mounting money owed.
Whereas this shift doesn’t counsel an instantaneous monetary disaster, it factors to the bigger implications for the U.S. economic system, probably influencing future fiscal coverage selections and impacting the nation’s socio-economic material.
The publish U.S. curiosity funds surpass 2023 protection funds appeared first on CryptoSlate.
[ad_2]
Source link
