"/>

    Trump's 4.4 trln USD budget to shift spending focus, increase deficit

    Source: Xinhua    2018-02-13 15:10:35

    WASHINGTON, Feb.12 (Xinhua) -- The White House on Monday submitted to Congress its budget plan for the fiscal year 2019, shifting resources from domestic programs to national defence and leading to a mushrooming deficit.

    Titled Efficient, Effective and Accountable, the budget plan amounts to 4.4 trillion U.S. dollars, a 10 percent increase compared to the U.S. government spending in 2017.

    The plan aims to cut down investments to welfare programs like Medicare and food stamps, as well as expenses of certain federal agencies, but proposes to increase the spending on defense, a top priority for Trump.

    "The budget reflects our commitment to the safety, prosperity, and security of the American people. The more room our economy has to grow, and the more American companies are freed from constricting over-regulation, the stronger and safer we become as a nation," Trump said in a message released by the House.

    However, according to the U.S. media, the plan would add 984 billion dollars to the federal deficit next year, contrary to Trump's promise of a balanced fiscal house.

    The White House has said the lost revenue due to tax cuts would be made up for by the booming economy, an assumption that is falling short of expectation.

    The budget has attracted frowning faces in Congress, as lawmakers across the aisle expressed their dismay at the ballooning debt and steep cuts in welfare programs.

    "The Trump budget proposal makes clear his desire to enact massive cuts to health care, anti-poverty programs, and investments in economic growth to blunt the deficit-exploding impact of his tax cuts for millionaires and corporations," said Democratic Representative John Yarmuth.

    The top Democrat on the House Budget Committee also said the cuts to critical federal investments are so extreme that they can only reflect a disdain for working families and a total lack of vision for a stronger society.

    The U.S. federal budget is proposed by the executive branch and approved by Congress, but a split Congress has resulted in an inability to pass annual budgets on time, causing repeated government shutdowns in past weeks.

    Adding to U.S. financial woes, increasing expenditure together with stagnant revenue has created hundreds of billions of dollars in deficit each year, burdening the U.S. economy with heavy debt.

    Editor: Jiaxin
    Related News
    Xinhuanet

    Trump's 4.4 trln USD budget to shift spending focus, increase deficit

    Source: Xinhua 2018-02-13 15:10:35

    WASHINGTON, Feb.12 (Xinhua) -- The White House on Monday submitted to Congress its budget plan for the fiscal year 2019, shifting resources from domestic programs to national defence and leading to a mushrooming deficit.

    Titled Efficient, Effective and Accountable, the budget plan amounts to 4.4 trillion U.S. dollars, a 10 percent increase compared to the U.S. government spending in 2017.

    The plan aims to cut down investments to welfare programs like Medicare and food stamps, as well as expenses of certain federal agencies, but proposes to increase the spending on defense, a top priority for Trump.

    "The budget reflects our commitment to the safety, prosperity, and security of the American people. The more room our economy has to grow, and the more American companies are freed from constricting over-regulation, the stronger and safer we become as a nation," Trump said in a message released by the House.

    However, according to the U.S. media, the plan would add 984 billion dollars to the federal deficit next year, contrary to Trump's promise of a balanced fiscal house.

    The White House has said the lost revenue due to tax cuts would be made up for by the booming economy, an assumption that is falling short of expectation.

    The budget has attracted frowning faces in Congress, as lawmakers across the aisle expressed their dismay at the ballooning debt and steep cuts in welfare programs.

    "The Trump budget proposal makes clear his desire to enact massive cuts to health care, anti-poverty programs, and investments in economic growth to blunt the deficit-exploding impact of his tax cuts for millionaires and corporations," said Democratic Representative John Yarmuth.

    The top Democrat on the House Budget Committee also said the cuts to critical federal investments are so extreme that they can only reflect a disdain for working families and a total lack of vision for a stronger society.

    The U.S. federal budget is proposed by the executive branch and approved by Congress, but a split Congress has resulted in an inability to pass annual budgets on time, causing repeated government shutdowns in past weeks.

    Adding to U.S. financial woes, increasing expenditure together with stagnant revenue has created hundreds of billions of dollars in deficit each year, burdening the U.S. economy with heavy debt.

    [Editor: huaxia]
    010020070750000000000000011100001369725621
    主站蜘蛛池模板: 乱人伦精品视频在线观看| 一级一级人与动毛片| 亚洲综合激情视频| 国产欧美综合一区二区| 国产麻豆媒一区一区二区三区| 在线天堂中文在线资源网| 日韩黄色一级大片| 精品国产v无码大片在线看| 在线看的你懂的| 亚洲第一成人在线| www.污网站| 久久亚洲AV午夜福利精品一区| 亚洲综合精品伊人久久| 亚洲精品无码不卡在线播放| 国产一区在线观看视频| 国产一卡2卡3卡四卡高清| 四虎影视永久地址四虎影视永久地址www成人| 国产三级电影在线播放| 另类ts人妖专区| 国产日韩在线亚洲字幕中文| 女同志videos| 日批日韩在线观看| 欧美人与动性行为另类| 精品国产一二三产品价格| 爱情岛论坛亚洲高品质| 久久无码人妻一区二区三区午夜 | 国产大学生粉嫩无套流白浆 | 制服丝袜一区在线| 国产三级A三级三级| 又大又粗又爽a级毛片免费看| 国产女人高潮视频在线观看| 又爽又黄又无遮挡的视频| 亚洲日韩乱码中文字幕| 人人澡人人澡人人澡| 又大又粗好舒服好爽视频| 免费永久看黄在线观看app| 国产乱码在线观看| 国产欧美久久一区二区三区| 国产免费av一区二区三区| 国产成人午夜片在线观看| 国产精品白丝在线观看有码|