Like conventional spending, they contribute to the federal budget deficit. He inherited a state facing a massive budget deficit and high unemployment. This capital inflow coincided with a higher budget deficit. They reject the approach of Keynesian deficit spending. These transfers added to the general budget deficit like general program spending. The means used to finance the budget deficit have caused hyperinflation. Latvian exports have skyrocketed and both the trade deficit and budget deficit have decreased dramatically. This would be Australia's eleventh consecutive budget deficit. The massive current account deficit became a fairly substantial surplus. New taxes were levied to pay for the deficit. In 2010, the total U.S. trade deficit was $635 billion. Future liabilities are dominated by the pension deficit. Policy choices had little to do with these deficit increases. This led to a large federal deficit, however. The government has historically run at a large deficit.