The volume of the US federal budget for 2016 fiscal year will be $ 4 trillion. This amount the White House is going to ask the US Congress, writes The New York Times.
The size of the budget deficit will reach 474 billion dollars, equivalent to 2.5% of GDP. According to most experts, this figure is under control, but with each year's budget deficit will grow, and by 2025 will reach 687 billion dollars.
The business publication noted that one of the main points of the US President Barack Obama’s budget proposal is considered offensive to the largest companies.
It is expected that the new budget can provide a tax increase for the richest Americans. Experts are convinced that the budget 2016 will again cause a duel of Democrats and Republicans, as has happened more than once, since there is disagreement on a number of issues.
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