Trump sells half of the oil reserves ... and budget holds many surprises

Trump sells half of the oil reserves ... and budget holds many surprises

Arab and international Wednesday 24 May 2017

Send US President, Donald Trump, to Congress (Senate and House of Representatives) 2018 budget, totaling $ 4.1 trillion.

Trump aspires spending "budget" to achieve faster economic growth plan, including sharp cuts in poor programs, and to promote spending on arms, according to local media.

The budget, presented by the White House to Congress, prepare a draft may not be applied in its current form, but it reveals what aspires Trump management policy, has not yet announced the date of discussion.

Increased military spending

The agency "Associated Press" reported that the US fiscal budget for the year 2018, boost military spending scheme compared Balanvaqat on social security sectors, and anti-poverty programs, medical care, crop insurance and medical research.

Trump's proposal includes a budget reduction in the government insurance program for the poor, and people with disabilities by more than $ 600 billion, over 10 years.

The proposal also includes a reduction in food stamps for 10 years, $ 191 billion program, which serves about 42 million people in the United States.

In a statement to the agency "Associated Press," Senator Harold Rogers, chairman of the House Appropriations Committee, the cuts in the services sector citizens described as "strict."

He said: "not just cut off, but are very deep cuts."

According to the budget proposal, the US funding of international organizations also will be reduced by 44%.

Sell ​​half of the oil stocks

According to local media, documents the White House made it clear that the proposal of Trump's budget may contribute to the sale of half of the strategic oil owned by the US stocks, and allow exploration in the wildlife reserve in Alaska (North), in the framework of achieving a draw plans between income and expenses in the budget

In contrast, Trump proposed an increase of 10%, or $ 54 billion in the defense budget as compared to 2017, including an increase of $ 2.6 billion for border control and immigration, including $ 1.6 billion will be allocated for the construction of the wall on the border with Mexico, which refuses to turn that idea categorically.

Loans and not grants

According to documents the White House proposal Trump included general budget for 2018 on the conversion of some foreign military grants, provided by the United States, to the loans as part of efforts to cut spending on diplomacy, aid, foreign programs, more than 29 percent compared to 2017 as much as reduction in the budget by $ 11.5 billion.

Said Mick Mulvany, director of the Office of Management and Budget in the Trump Management, said that the US president proposed to convert foreign military financing program to many countries, including Pakistan, aid and grants to the category of financial loans.

He Mulvany, in remarks from the White House, "These loans will be collected from the foreign exchange fund to Pakistan if the aid it in the form of loans."

He pointed out that if the adoption of the current format of the proposed budget will announce the US Department for all details of repayment of loan funds and duration of time mechanisms.

He continued: "We change two programs of two foreign military from direct grants to loans, and instead of giving some countries the amount of US $ 100 million, we can give them loan guarantees lower numbers, they can buy more things."

The trend is part of Trump's management efforts to cut foreign aid budgets to help increase US military spending, according to the newspaper "Today Bezne" Indian.

In contrast, Mulvany stressed that military aid would remain in the form of "grants" for both Egypt and Israel for being the most important allies of Washington in the Middle East, according to the same source.



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