WSJ: Trump will propose a budget that involves cutting social programs | FREE NEWS

WSJ: Trump will propose a budget that involves cutting social programs

At the same time, the draft budget provides for an increase in military spending and allocations to help veterans.

US President Donald Trump on Monday will unveil a draft Federal budget of $ 4.8 trillion, which provides for serious cuts to social programs and assistance to foreign countries. The Wall Street Journal reported.

At the same time, the budget for the 2021 fiscal year, which begins on October 1, assumes an increase in military spending by 0.3 percent, to $ 740.5 billion, the newspaper reported, citing a senior administration official. It is reported that the document also assumes an increase in allocations for assistance to veterans.

Republican Trump plans to publish his draft budget, the administration’s proposals, which, as before, are unlikely to be adopted by the democratic-controlled House of Representatives, especially in an election year.

According to the Wall Street Journal, the White House is proposing to cut spending by $ 4.4 trillion over 10 years. Trump’s budget offers to save $ 2 trillion on spending on mandatory programs, the newspaper notes.

Savings of $ 130 billion should be provided by changes in the pricing of prescription drugs under the Medicare program, and another $292 billion – cuts to social programs Medicaid and food stamps. In addition, it is expected to save 70 billion on tightening the requirements for receiving Federal benefits for the disabled, the newspaper reports.