Trump eyes to slash foreign aid by 21pc
US President Donald Trump was yesterday set to propose a 21% cut in foreign aid and slashes to social safety-net programs in his $4.8 trillion budget proposal for fiscal 2021, according to senior administration officials.
The budget would spend money to fund infrastructure projects and defense, but would also raise funds by targeting $2 trillion in savings from mandatory spending programs in the United States. It assumes revenues around $3.7 trillion.
For all latest news, follow The Daily Star's Google News channel. Trump’s foreign aid proposal seeks $44.1 billion in the upcoming fiscal year, compared with $55.7 billion enacted in fiscal 2020, an administration official said.
The president’s latest blueprint for administration spending proposals is unlikely to be passed by the Democratic-controlled House of Representatives, particularly in an election year.
Trump, who campaigned for the presidency in 2016 on a promise to build a wall along the US border with Mexico, will seek $2 billion in funding for further construction on that project, substantially less than the $8.6 billion he requested a year ago.
The budget would raise military spending by 0.3% to $740.5 billion for fiscal-year 2021, starting on Oct 1 and propose higher outlays for defense and veterans.
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