Friday, 23 February 2018
Donald Trump's budget proposal cuts social welfare and massively increases federal deficit

Added: 13.02.2018 17:10 | 0 views | 0 comments


President Donald Trump is proposing major cuts to social welfare programmes as part of a new $4.4 trillion spending plan that would massively increase the federal deficit. While Mr Trump is touting more money for infrastructure improvements and the military – including the border wall with Mexico – such spending increases, when allied with the tax cuts provided at the end of last year, means severe pressure is being placed on government debt. The budget proposal for Fiscal Year 2019, which begins 1 October, would widen the federal deficit to $984bn by October 2019.

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