Submitted | March 16, 2017 |
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Submitted by | Donald Trump |
Submitted to | 115th Congress |
Total revenue | $3.654 trillion |
Total expenditures | $4.094 trillion |
Deficit | $440 billion |
GDP | $20,237 billion |
Website | https://www.whitehouse.gov/omb/budget |
‹ 2017
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The United States federal budget for fiscal year 2018, named America First: A Budget Blueprint to Make America Great Again, was the first budget proposed by newly-elected President Donald Trump, submitted to the 115th Congress on March 16, 2017. If passed, the $4.1 trillion budget will fund government operations for fiscal year 2018, which runs from October 1, 2017 to September 30, 2018.
Donald Trump was elected as President of the United States during the November 8, 2016 elections, campaigning for the Republican Party on a platform of tax cuts and projects like the Mexican border wall. During his campaign, Trump promised to cut federal spending and taxes for individuals and corporations.
The Trump administration proposed its 2018 budget on February 27, 2017, ahead of his address to Congress, outlining $54 billion in cuts to federal agencies and an increase in defense spending. On March 16, 2017, President Trump sent his budget proposal to Congress, remaining largely unchanged from the initial proposal.
The Congressional Budget Office reported its evaluation of the budget on July 13, 2017, including its effects over the 2018–2027 period.
The proposed 2018 budget includes $54 billion in cuts to federal departments, and a corresponding increase in defense and military spending.
The $971 million budget for arts and cultural agencies, including the Corporation for Public Broadcasting, National Endowment for the Arts, and National Endowment for the Humanities, would be eliminated entirely.