The budget request, while pouring more money into "higher priority" sectors such as defense and artificial intelligence, suggests that spending reductions in health programs, federal housing assistance, food stamp recipients and international aid are aimed at avoiding a larger fiscal deficit, observers say, noting that it is consistent with previous budget plans presented by the Trump administration.
In Trump's first formal budget plan to Congress in March 2017, he proposed to increase the country's defense spending by 54 billion dollars and offset that by slashing expenses in many domestic areas, including medical research, health and human services, environmental protection, education, and foreign aid.
The president also wanted to spend more money to step up immigration enforcement and build a wall along the border between the United States and Mexico.
His budget proposal for the fiscal year 2020, put forward in March 2019, continued to cut non-defense spendings to fund military buildup, including the establishment of the U.S. Space Force. The U.S.' environment protection agencies and international aid programs were heavily impacted.
Analysts say the increased budget expenditure of the Trump administration over the past years is based on its optimistic assessment of the U.S. economy.
Although the U.S. economy grew at a rate of 2.3 percent in 2019, the 2021 budget proposal projects robust economic growth over the next decade, forecasting the Gross Domestic Product (GDP) will be 2.8 percent in 2020 and 3.1 percent in 2021, higher than market expectations.
【国际英语资讯:News Analysis: How Trumps fiscal budget proposal outlines U.S. policy priorities】相关文章:
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