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President's 2018 Budget A Rollback of Federal Investments

June 01, 2017

Category: Economic Development

President's 2018 Budget A Rollback of Federal Investments



President Trump released his fiscal year (FY) 2018 budget request on May 23, 2017. The budget totals $4.1 trillion for FY2018, which begins on October 1, 2017. The budget request includes $668 billion for defense discretionary spending and $479 billion for non-defense discretionary spending. These recommended levels represent a $22 billion increase for defense and a $57 billion decrease for non-defense spending from the levels authorized by the 2011 Budget Control Act. Cuts to non-defense discretionary spending come from both program and agency eliminations (totaling $27 billion) and reductions (totaling $30 billion).