The White House is counting on strong growth in 2019

La Maison-Blanche table sur une forte croissance en 2019

Photo: Brendan Smialowski Agence France-Presse
This budget plan presented by the government Trump is a document of negotiation with the Congress that has little chance of being adopted in the state.

The draft budget of the United States for the year 2020, which begins in October 2019, is based on growth forecasts that are always optimistic, contrasting with those of the economists, who predict a slowdown in the expansion.

The White House, which on Monday presented the lines of this budget plan, calls for growth of 3.2% in 2019 and by 3.1% in 2020, after 2.9% in 2018. The central bank of Usa (Fed) plans, however, a slowdown in the expansion of the first global economy to 2.3% this year. In view of the weakening of the global economy, the IMF projects that u.s. growth will reach 2.5 % in 2019.

This budget plan presented by the government Trump is a document of negotiation with the Congress that has little chance of being adopted in the state. It is this “over spending cuts that no president has ever proposed in the history,” said Monday, a senior official of the government.

Thus, this roadmap budget plans to cut the domestic spending, not military of 5 %, including some social spending. This plan also calls for more funds for defense and for the funding of a wall anti-immigration. This budget plan 2020 of about 4700 billion of dollars to 3600 billion revenue. The public deficit will therefore be registered in more than 1000 billion per year for the next three years.

3,2%

It is the rate of growth provided for in the plan budget 2019, and 3.1% in 2020.

The widening of these deficits, which has already reached 779 billion in 2018, “is not the result of our economic policy,” assured the manager.

He added that, on the contrary, the economic choices of the president, the Trump, including the tax cuts, would ” lead to an increase in revenues over the next ten years “. The draft budget foresees a return to a balanced budget within 15 years.

John Yarmuth, chairman of the budget Committee of the House of representatives, passed under the democratic majority after the November elections, ” the budget of the president Trump exposes once more a vision irresponsible and cynical of our country without regard for the human cost “.

For the leader of the minority democrat in the Senate, Chuck Schumer, ” the latest budget proposal of the government Trump is a punch aimed at the american middle class and a helping hand to a few more rich which will exacerbate inequalities “.

Share