The so -called adjusted budget is an outline of government priorities, which will give Republican congressmen a plan to start preparing expenditure bills.
As Trump’s first budget since he regained power, he intends to fulfill his promises to increase spending on the armed forces and border security, while cutting the federal bureaucracy.
“In this critical moment, we need a historical budget, one that ends the financing of our decline, puts the Americans in the first place and offer unprecedented support to our armed forces and national security,” said the director of the OMB, Russ Vought, in the statement.
The Federal Government currently has a growing debt of 36 billion dollars and some tax conservatives and budget experts fear that Trump’s tax cut bill adds to it without enough expenses of expenses.
Trump is pressing Congress – under republican control – to extend the 2017 tax cuts, which were his main legislative achievement in his first mandate, that non -partisan forecasts say they could add 5 billion dollars to the nation’s debt.
The Annual Budget application of the White House includes economic forecasts, as well as detailed proposals on how much money each government agency must spend for the fiscal year that begins on October 1. The disbursements in fiscal year 2024 amounted to 6.8 billion dollars, according to the OMB.
