1. The US government’s fiscal deficit in fiscal year 2023, as of now, has reached $1.393 trillion.
2. Merely in June 2023, the deficit amounted to $228 billion, a decrease from the $88 billion reported in June 2022.
3. On average, the monthly increment in the US budget deficit during fiscal 2023 was approximately $155 billion.
4. If the current trend persists, the total US debt is projected to surge by $18.5 trillion within a decade.
5. It raises the question: What is the overarching strategy for the long-term management of this situation?