The white house has proposed a budget designed to bring economic growth to 3% per year

© RIA Novosti / Ekaterina to Chesnokova in fotobounce of the White house in Washington. Archival photoThe white house has proposed a budget designed to bring economic growth to 3% per year© RIA Novosti / Ekaterina to Tecnocovering the image Bank

The white house suggested Monday the budget for the 2018 fiscal year with a volume of 4.1 trillion dollars in the attached projections, economic growth is estimated at 3% of GDP annually, starting from 2021.

The main parameters of the proposed budget is published on the website of the White house.

The budget requires a more modest 2.3 percent growth in 2017, 2.4% in 2018 and 2.7% in 2019. The budget also is optimistic about the deficit, predicting a shortage of funding 3.15 trillion dollars over the next 10 years. At the same time authoritative the congressional budget office, which calculates the financial effect of government initiatives, predicts for the same period deficit of nearly 9.5 trillion dollars.

The budget includes forecasts based on planned repeal of the healthcare reform known as Obamacare. Will be reduced to the various state social programmes for a total amount of 3.6 trillion dollars for 10 years. Would decrease the health care program for the poor Medicaid, subsidies in accordance with Obamacare, the program of food stamps for the poor and others.

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