In the first stage the tax reform Donald trump may lead to an increase in the budget deficit, said the head of the U.S. Treasury Steven Mnuchin. In the future, as it will give impetus to economic growth and increased tax revenues, he said
(Photo: J. Scott Applewhite / AP)
Tax reform, which plans to spend US President Donald trump, will lead to “short-term problems,” in particular, growth of the budget deficit, but in the future it will lead to the strengthening of the us economy. This assessment gave the Treasury Secretary Steven Mnuchin in conversation with the head of the International monetary Fund (IMF) Christine Lagarde.
Mnuchin explained that the “static evaluation” in the short term, the tax reform trump would increase the budget deficit. At the same time, with “dynamic assessment”, assured the head of the U.S. Treasury, tax reform will give more revenues to the budget, as it will stimulate economic growth.
The U.S. Treasury
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