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Saturday, January 28, 2023

Biden approves 2023 budget that amounts to $1.7 trillion

The budget for the fiscal year 2023 running from 1 October 2022 to 30 September has been signed by US President Joe Biden on this Thursday. With a total expenditure of $1.7 trillion. This was the surest step for the approval of the budget, which was cleared by the Congress last week.

Biden maintained in a post on Twitter that the text “captures a year of historic progress”. “They include investments in medical research, security, health for veterans, recovery from natural disasters, funding for violence against women and vital aid to Ukraine,” the president listed.

How is public expenditure distributed?

budget Add $45bn in aid to Ukraine and increase defense spending Reaching $858,000 million and allocating 850,000 to other items, representing an increase of 9.3%. They also include $40.6 billion to address drought, hurricanes, floods, fires, and other natural disasters and emergencies in the United States.

Legislators have voted on a bill against the clock, Less than two weeks before Republicans take control of the House After the Democrats were defeated in the November midterm elections. The budget was approved by 225 votes in favor and 201 in the lower house and 68 in favor and 29 in the Senate.

rule yes Contains an improvement to provide greater guarantees for electoral counting., by clarifying that the Vice President does not have the power to nullify the results of presidential elections. The bill reached the House of Representatives and was ultimately rejected after two amendments on the management of the border with Mexico stalled debate in the Senate.

Last Wednesday, Ukraine’s President Volodymyr Zelensky, during his trip to Washington to meet with Biden, defended in Congress that the money is not a donation to his country: “It’s an investment in global security And in democracy. ,

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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