Bessent Reports Decline in US Deficit-to-GDP Ratio for Fiscal 2025
Investor David Bessent notes the United States closed fiscal year 2025 with a reduced budget deficit relative to GDP.
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Terms & Concepts
Deficit-to-GDP Ratio: A measure comparing a country's fiscal deficit to its gross domestic product, indicating the scale of borrowing relative to economic output.
Fiscal Year: A 12-month period used for accounting and budget purposes by governments and businesses.