BEIJING, Feb. 26 -- The U.S. government's record 4.8-trillion-U.S.-dollar budget for the 2021 fiscal year, which continues the spending priorities in recent years, has revealed the administration's favor for more defense spending and decreased funding for health programs.
The new budget includes a 2-trillion-dollar slash to safety net and food programs, as well as student loan initiatives, and a continued rise in defense expenditure and funds to build a border wall targeting illegal immigrants.
The new budget also requests maintained or increased funding for trade enforcement agencies such as the Office of the U.S. Trade Representative, which leads trade negotiations with other countries.
Analysts pointed out that U.S. trade focuses range from implementation of the U.S.-Mexico-Canada Agreement (USMCA) and the phase-one deal with China, to the first stage of the U.S.-Japan trade agreement, and plans to seek new agreements with the European Union, Britain and Kenya.
The Trump administration wishes to boost trade with other countries, as they believe that the more expanded the overseas market is, the more additional job opportunities can be created at home, the analysts said.
The budget also includes a significant increase in research spending for artificial intelligence and quantum information science in the new fiscal year, and proposes doubling the amount of non-defense R&D spending in those areas by the fiscal year 2022.
The budget request, while pouring more money into "higher priority" sectors such as defense and artificial intelligence, suggests that spending reductions in health programs, federal housing assistance, food stamp recipients and international aid are aimed at avoiding a larger fiscal deficit, observers say, noting that it is consistent with previous budget plans presented by the Trump administration.
In Trump's first formal budget plan to Congress in March 2017, he proposed to increase the country's defense spending by 54 billion dollars and offset that by slashing expenses in many domestic areas, including medical research, health and human services, environmental protection, education, and foreign aid.
The president also wanted to spend more money to step up immigration enforcement and build a wall along the border between the United States and Mexico.
His budget proposal for the fiscal year 2020, put forward in March 2019, continued to cut non-defense spendings to fund military buildup, including the establishment of the U.S. Space Force. The U.S.' environment protection agencies and international aid programs were heavily impacted.
Analysts say the increased budget expenditure of the Trump administration over the past years is based on its optimistic assessment of the U.S. economy.
Although the U.S. economy grew at a rate of 2.3 percent in 2019, the 2021 budget proposal projects robust economic growth over the next decade, forecasting the Gross Domestic Product (GDP) will be 2.8 percent in 2020 and 3.1 percent in 2021, higher than market expectations.
The rising spending coupled with upbeat assessment of the U.S. economy, has driven the federal budget deficit higher, which reached nearly 1 trillion dollars in 2019, doubling the amount in 2017.
《剑桥雅思9》解析:揭秘口语考试出题规律
“烤鸭”必读:雅思口语考试巧切题
5招轻松让你雅思口语滔滔不绝有话可讲
雅思听力练习:肥皂剧比题海战术更好
雅思口语三步练 新学期“如鸭得水”
雅思阅读遇到瓶颈?扫清四大障碍是关键
深度解读剑9口语题型 预测雅思考察新重点
IELTS冲刺6.5分十大建议 打有准备之仗
雅思口语:让考官易懂的基本回答结构
剑9来袭 听说读写全面解析“剑9”谜团
IELTS考情分析:《剑桥雅思9》烤鸭备考福音
IETLS冲刺指南:雅思听力分阶段训练思路
如何利用读题时间预测雅思听力填空的词性
2013年3月23日雅思口语回忆(网友版)
有的放矢:透析雅思口语四大评分标准
2013年4月13日雅思阅读机经回顾
如何利用2013年寒假冲刺雅思高分
雅思听力8大技巧助你考试现场从容应战
雅思写作从阅读开始:话题积累是关键
《剑桥雅思9》揭示雅思阅读题型考察重点
三个笨方法让你轻松应对雅思听力考试
三步剔除雅思作文软肋:耗时没头绪中式英语
2013年4月13
雅思写作高分秘笈:赢在审题
雅思考官提示口语测试四点定成败
“烤鸭”必读:雅思大作文好的Idea怎么找
雅思报名前考生做4项准备
摆正心态正确看待雅思成绩波动
“烤鸭”必读:雅思阅读攻关三十六计
模仿复述两大黄金必杀百分百提高雅思口语
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |