Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Trump budget proposal would dramatically cut foreign aid

Published 05/23/2017, 01:33 PM
Updated 05/23/2017, 01:40 PM
© Reuters. FILE PHOTO - President Donald Trump's FY2018 budget is seen printed at the Government Publishing Office in Washington

By Yeganeh Torbati

WASHINGTON (Reuters) - U.S. President Donald Trump's proposed budget would slash nearly a third in funding for diplomacy and foreign aid including global health and food aid, peacekeeping and other forms of non-military foreign involvement.

If passed, the steep funding cuts in the plan released on Tuesday would mean much less non-military U.S. government engagement abroad as the administration implements Trump's "America First" worldview.

The budget plan may face rough sledding in Congress, where both Republicans and Democrats have said they do not support such drastic cuts to U.S. diplomacy and foreign aid.

"This budget reflects a commitment to ensure every tax dollar spent is aligned with mission-critical objectives," said Secretary of State Rex Tillerson in a statement.

Trump's budget would cut U.S. funding for global health programs including efforts focusing on HIV/AIDS, tuberculosis and malaria by 24 percent, to about $6.5 billion for 2018.

"Some programs were eliminated but every effort was made to ensure that the most critical priorities are maintained," the State Department's budget request stated. "Responding to global health challenges is a shared responsibility that cannot be met by one nation alone."

The budget envisions changes to the President's Emergency Plan for AIDS Relief (PEPFAR) program, a cornerstone of U.S. global health assistance, which supports HIV/AIDS treatment, testing and counseling for millions of people worldwide. The budget document says within the PEPFAR budget, the State Department will "prioritize 12 countries in which the United States will continue to work towards epidemic control."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

PEPFAR currently supports efforts in 65 countries, according to its website.

"This proposal would allow PEPFAR to continue to achieve impact within a lower budget by reprioritizing resources and leveraging funding from other donors and host country governments," the document states.

The budget proposal also includes a 44 percent cut to funding for international organizations, but does not specify the cuts, other than "funding for organizations that work against U.S. foreign policy interests." The budget proposal said the NATO military alliance "would continue to be fully funded."

Under Trump's proposal, the Title II Food Aid program, which makes up the bulk of U.S. international food assistance, would be eliminated entirely, representing a $1.7 billion cut. Under the program, the United States purchases agricultural commodities from American farmers and donates them to support food needs abroad.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.