Washington - Spa
The US deficit increased to $1.3 trillion in 2011, figures released by the Treasury Department showed Friday. The figure was the second-largest deficit ever, but remained lower than government forecasts that had predicted a far larger figure earlier in the year, according to a report of the German Press Agency \"DPA\". The deficit for the fiscal year that ended September 30 stood at 8.7 per cent of gross domestic product.