US President Joe Biden presented the country’s record budget for 2022 fiscal year, it increases government spending almost four times to 6 trillion dollars compared with 1.52 trillion in the April edition. The document is published on the website of the White House.
From these funds 715, they were proposed for the needs of the Pentagon, as a whole, 753 billion were laid on defense needs, which is 12.5 billion higher than last year. It is expected that the money requested from the Congress will become maximum since the end of the Second World War. In addition, 131 million dollars will be sent to “fighting internal terrorism”, this cost of expenses appeared after the assault on the Capitol in January 2021.
Estimated income to the budget will amount to about 4.17 trillion dollars, the Biden team expects to receive them by increasing the taxes of companies and individuals with high earnings. The project is preliminary and presented to Congress on May 28. Until June 1, the congressmen will not be able to familiarize themselves with the document, because they go for a break on the occasion of the commemoration of the United States, which this year falls on May 31.
Earlier, the US Department of Defense requested hundreds of billions of dollars from the budget for 2022 fiscal year and explained this “Russian and Chinese threat”. This is 1.6 percent more than last year. The fiscal year is counted in the United States from October 1.