The White House said in a statement on Friday that the government of US President Donald Trump proposed a discount of $ 163 billion in federal federal financial spending, which would lead to the elimination of more than 20 % of non -military spending, without looking at mandatory programs.
The White House and Budget Office (OMB) said that the proposed budget will increase defense spending by 13 % and internal security spending by approximately 65 % compared to the levels issued by 2025.
Defense spending will be reduced by 23 %, to reach the lowest level since 2017.
“At this critical moment, we need a historical budget-which ends with the financing of our retreat, and put the Americans first and we provide unprecedented support to our armed forces and internal security,” said Ross Vogue, Ombe Director in the statement.
The White House’s annual budget application includes economic predictions, as well as detailed proposals about the amount of money that each government agency for the fiscal year that begins on October 1.
However, the matter is up to the Congress, which is controlled by Republicans, to clarify spending legislation, and what parliamentarians usually end up with the request of the White House.
The disclosure occurs when Republican parliamentarians work to overcome internal departments around the courts in federal spending to pay the historic tax reduction bill, which they expect to be approved by July 4.
They may also have to think about increasing pressure in the country’s economy due to increased customs tariffs that affect world trade.
Professor says there is a structural problem in the global economy