​​​
  1. 10 interesting things to know about Donald Trump’s 2nd budget

10 interesting things to know about Donald Trump’s 2nd budget

The POTUS Donald Trump released a $4.4 trillion budget plan for the United States of America for the financial year 2019 on Monday with a major focus on the military and defence. We take a look at 10 interesting things to know about Donald Trump’s second budget.

By: | Published: February 13, 2018 2:18 PM
President Donald Trump proposed a 6 million in civilian assistance and million in military aid to Pakistan. (Image: Reuters)

The POTUS (President of the United States) Donald Trump released a $4.4 trillion budget plan the United States of America for the financial year 2019 on Monday with a major focus on the military and defence. “We’re going to have the strongest military we’ve ever had, by far,” President Donald Trump said. “In this budget, we took care of the military like it’s never been taken care of before,” Donald Trump added. This was the second budget under the Trump administration and will be effective from the FY 2019 beginning 1 October.

We take a look at 10 interesting things to know about Donald Trump’s second budget

  1. President Donald Trump reflected administration’s concern about the threat from North Korea and the repetitive missile testing programs in budget 2019. Following which the Pentagon is proposing to spend about hundreds of millions extra in 2019 on missile defence of America.
  2. Further to strengthen the defence, the Pentagon would invest in missile defence systems, ship-based Aegis system and the Army Patriot air and missile defence system, which will be of great significance to combat against the intercontinental ballistic missiles.
  3. In order to put a blockade for illegal crossings in the United States, President Donald Trump proposed a border wall in Texas’ Rio Grande Valley. According to Donald Trump’s 2019 budget, there would be a 104 kilometres (65 miles) long border wall, costing an average of $24.6 million a mile.
  4. President Donald Trump desires NASA (The National Aeronautics and Space Administration) to be out of the International Space Station by 2025 with private businesses running the space station instead. Under the proposed budget for 2019, the US government funding for the space station would end by 2025.
  5. The Justice Department of Donald Trump’s seeks more than $109 million for crime-fighting efforts and the priorities under Trump’s administration would be fighting the opioid epidemic, fighting violent crime and drug trafficking gangs while providing tough immigration enforcement.
  6. Donald Trump’s proposed a budget of $11.7 billion for the Interior Department including $1.3 billion to maintain and improve roads, bridges, park buildings and other infrastructure.
  7. “The budget assumes that Congress will repeal and replace former President Barack Obama’s health care law, although there’s little evidence that Republican leaders have the appetite for another battle over “Obamacare”,” Associated Press reported.
  8. President Donald Trump wants to use $200 billion in federal money over the next decade to support $1.5 trillion in new spending to rebuild the nation’s crumbling infrastructure, Associated Press report added.
  9. The budget 2019 calls for about $500 billion over 10 years in cuts from projected Medicare spending. Trump’s budget proposes major changes to Medicare’s popular prescription benefit, creating winners and losers among the 42 million seniors with drug coverage. Medicare spending totals more than $700 billion a year, and hospitals represent the single biggest category of costs, Associated Press said in a report.
  10. President Donald Trump proposed a $256 million in civilian assistance and $80 million in military aid to Pakistan.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top