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04.01.2019 01:59 PM
US national debt increased more than $2 trillion during Trump's reign
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According to the US Treasury, the national debt of the country grew by more than $2 trillion during the presidency of Donald Trump, who took over as head of state in 2016. For a little over 2 years, the national debt increased to $ 21.974 trillion.

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As is known, the national debt of the United States began to grow after the 2008 financial crisis, and after Donald Trump came to power, the national debt decreased. At the end of 2017, it became $19.899 trillion. However, the introduction of tax reform in the country's economy in 2017 led to the fact that the national debt indicators began to grow sharply again and reached $21.974 trillion by the end of 2018.

At the moment, the US national debt is 78% of the country's GDP, which has become the highest figure since 1950. Analysts predict that if the US government does not find effective ways to deal with growing government debt, the numbers could rise to 96% of GDP.

Tatiana Strelkova,
Analytical expert of InstaTrade
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