The White House said the U.S. government next fiscal year will be a record budget deficit

White House Office of Management and Budget report released on the 28th forecast, due to the economic downturn and the large number of tax rebates, the next fiscal year the U.S. government budget deficit will reach a record 482 billion U.S. dollars.

The White House has previously predicted that the year ended September 30 of this fiscal year the deficit will be 410 billion U.S. dollars, from October 1 this year, the beginning of the next fiscal year deficit of 407 billion U.S. dollars. But the White House released the same day the latest forecasts show that the next President of the United States entered the White House, will have to accept a record budget deficit.

Analysts believe that, taking into account the U.S. economy is still the danger of recession, the Government may have to continue to take tax rebate to stimulate the economy, the next fiscal year's budget deficit likely to rise.

For the record budget deficit, White House spokesman Pei Linuo the same day that this was the Government to promote economic development must pay a "price." In her view, because of the government's economic stimulus plan implemented, the U.S. economy is expected in the next few months out of its predicament, and by 2012 can still achieve the Government's fiscal surplus.

U.S. government budget deficit in fiscal year 2004 hit a record high of 413 billion U.S. dollars, while in 1998-2001 had a surplus for four consecutive years.