Trump prepared a budget of more than $ 4 trillion

24 May 2017, 11:19 | Peace
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The White House proposed on Monday a budget for the fiscal year 2018 of $ 4.1 trillion, in the projected forecasts, the growth of the US economy is estimated at 3% of GDP annually, starting in 2021.

The budget assumes a more modest 2.3% growth in 2017, 2.4% in 2018, 2.7% in 2019. The budget is also optimistic about the deficit, predicting a shortfall in financing of $ 3.15 trillion over the next 10 years.

At the same time, the authoritative budgetary management of the congress, which calculates the financial effect of government initiatives, predicts for the same period a deficit of almost $ 9.5 trillion. The budget includes projections based on the planned abolition of the health reform, known as Obamacare. All kinds of state social programs for a total of 3.6 trillion dollars for 10 years will be cut.

"The draft budget proposed by the president presumes securing the US borders by investing 2.6 billion dollars in a highly prioritized tactical infrastructure and technology," the document says..

This, in particular, implies "the planning, development and construction of the wall along the southern border in accordance with the executive decree of the President of January 25, 2017," noted in the draft.

The White House believes that "these investments will strengthen border security and will reduce the flow of people and drugs illegally crossing American borders".

$ 1.5 billion is proposed to increase the costs associated with the detention and deportation of illegal immigrants.

In addition, 1.5 billion dollars is planned to spend on the security of the US-critical computer systems. At the same time, the matter concerns the financing of the transport security administration, as well as various programs that facilitate the detection of illegal immigrants.

Inf. Finance. Ua.




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