Trump to propose US budget cuts to foreign aid and social safety

United States President Donald Trump will propose on Monday a 21 percent cut in foreign aid and slashes to social safety net programmes in his $4.8 trillion budget proposal for fiscal 2021, according to senior administration officials.

The budget will seek an increase in funds to counter developing economic threats from China and Russia, but will also raise funds by aiming for $2 trillion in savings from mandatory spending programmes in the US. The budget assumes revenues of $3.8 trillion.

 

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