Arab Today, arab today obama to forecast 133 trillion budget deficit
Last Updated : GMT 23:49:52
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Obama to forecast $1.33 trillion budget deficit

Arab Today, arab today

Arab Today, arab today Obama to forecast $1.33 trillion budget deficit

Washington - AFP

President Barack Obama\'s budget to be released on Monday will project a $1.3 trillion deficit in fiscal year 2012, an administration official said. Obama\'s last annual budget before he seeks reelection in November will also project a $901 trillion deficit for fiscal year 2013, and will frame his campaign trail message of a fair fight for all. The budget deficit recorded in 2011 was $1.296 trillion. The spending plan, details of which were first reported by the Wall Street Journal and Dow Jones Newswires, will also include more than $350 billion for short-term job creating programs. The official confirmed that the proposal also includes $476 billion dollars in infrastructure spending on roads and other transport projects and includes more than $360 billion in savings from government-run health programs for seniors and the poor. The budget is likely to mirror a spending plan laid out to avert a government shutdown in September.  

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