The media reported the risk of an increase in the US budget deficit to $5.2 trillion due to the Trump project.

Increased tax cuts in the United States, initiated by President Donald Trump, could lead to an increase in the state budget deficit to $5.2 trillion. This was reported by Bloomberg on May 15.

"The analysis of the Committee for Responsible Execution of the Federal Budget shows that the extension of new benefits for a whole decade will lead to a cumulative increase in the deficit to $ 5.2 trillion," the material says.

It is specified that the project itself will cost the treasury $ 3.8 trillion.

The article indicates that the annual deficit of the United States in recent years has been about $2 trillion, or more than 6% of GDP.

According to brokerage companies, due to tax cuts, the legislation will "significantly" expand the budget deficit in the short term — by 0.2% of GDP in fiscal year 2025 and by about 0.9% of GDP in 2026.

Thus, the debt-to-GDP ratio will approach a "record high" in four years.

Made America: what Trump has achieved and failed at in 100 days

The US president signed almost 140 decrees, imposed duties and began to establish relations with Russia.

On April 27, Trump announced that the income tax for US citizens could be reduced or completely abolished. The American leader stressed that the main measures to reduce taxes will be aimed at people earning less than $200,000 per year.