Donald Trump
The US budget deficit in ten years will amount to $ 720 billion instead of turning in a small surplus. In the budgetary management of the Congress noted that the team of President Donald trump’s vain hopes for an acceleration in economic growth at the level of three percent of GDP, reports the Associated Press.
“Almost always the difference in assessment arises from the fact that the administration predicts higher income, and this, in turn, comes from the projections of more rapid economic growth”, — stated in the report of the office.
In the Congress believe that growth is possible only in the range of 1.9 percent of GDP per annum. According to experts, every single year the deficit will exceed 585 billion. Such values of this indicator were reached in 2016 under President Barack Obama.
It is noted that the administration trump will be able to cut costs not by 5.6 trillion dollars, as promised in the forthcoming decade, and just 3.3 trillion.
In may, the us President signed the Federal budget until September 2017. According to the document, on defense spending allocated nearly $ 600 billion, of which $ 15 billion — the additional costs of strengthening the fight against terrorism, $ 1.5 billion of emergency spending on border security. The cost of operation of the energy sector will amount to $ 39 billion, national security $ 50 billion. The state Department released $ 57 billion.