President Trump will unveil his fiscal 2020 budget request to Congress on Monday, calling for $2.7 trillion in spending cuts and balances in 15 years, according to the White House budget office.
Trump’s spending plan highlights a number of his priorities, including strengthening border security to address the situation at the US-Mexico border, and tackling the opioid crisis, the Washington Examiner reported.
“In the last two years, President Trump and this administration have prioritized reining in reckless Washington spending,” acting Office of Management and Budget Director Russ Vought said in a statement, adding that the budget “will balance in 15 years, end runaway spending, and secure prosperity for future generations.”
The current US national debt is approximately $22 trillion, a record high and $2 trillion higher than it was in 2016 when Trump took office. However, according to Vought, the president’s budget takes aim at government spending by calling for a 5 percent reduction in non-defence discretionary spending that will keep the budget under statutory spending caps. Other proposals include a request for Congress to make projections indicating that the budget would be balanced by 2034, according to the Office of Management and Budget.