"The administration has been given a pass for the first year and a half."

The US national deficit increased 20 percent over the last year despite President Donald Trump's promise to reduce it.

The difference between government revenue and spending spiked by $75 billion in 2017, according to a ​report published Wednesday by the Congressional Budget Office.

The CBO cited the Trump administration's tax cuts as one of the ​major reasons for the increase. Trump also signed a $1.3 trillion spending bill this year, which contributed to the deficit.

The new numbers prove Trump is not fulfilling his budgetary promises. 

The Trump administration argued that the tax cuts passed in December would be offset by resulting economic growth.

Shortly before his inauguration, Trump told Fox News host Sean Hannity that he would “balance the budget very quickly... I think over a five-year period. And I don’t know, maybe I could even surprise you."

In March 2016, he told Bob Woodward that he could get rid of the debt “fairly quickly.” When pressed, he said, “Well, I would say over a period of eight years.” 


US spending increased by $143 billion last year. 

The deficit stands at $685 billion and is expected to approach $800 by the end of the year. The CBO predicted it will reach $1 trillion in 2020, two years earlier than previously predicted. 

Trump's tax cuts created a $66 billion decrease in corporate taxes. While individual income tax revenue grew, it didn't overcome the increased spending. 

Republican Rep. Mark Walker of North Carolina blamed Trump for the exploding deficit.

“Tax reform, I think, was something that’s crucial. But I do believe that we’ve got to make sure that we’re keeping our fiscal house in order. Otherwise, it’s going to seem like 20 years of hypocrisy,” he ​told the Washington Post Wednesday. 

“The administration has been given a pass for the first year and a half,” he added.