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The US budget till the end of the year has been harmonized

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The US budget till the end of the year has been harmonized
May 01
10:00 2017

Finally, the agreement on the budget of the United States for the upcoming months of the financial year has been reached. Accordingly, it was possible to avoid collapse in the operation of the state bodies, which would inevitably come if the parties failed to agree.

It’s important to note the defense of spending as a key benchmark. Initially, it was planned to allocate additional $ 30 billion; eventually an additional budget of $ 12 billion was adopted. American taxpayers will pay additional $ 1.5 billion, which is half the amount of the initially specified sum, for the border security. Fortunately, the US President Donald Trump refused the absurd idea of building a wall between the USA and Mexico. The expenses for the State Department and foreign aid will be cut in order to give the funds for the defense.

At present, the expenses of the States are subject to an interim budget, which expires this week on Friday.

Despite the fact that the draft budget has been agreed by the members of the US Congress, it still has to get the approval of the Senate.

While the main financial document of the USA has not been finally adopted, all the assets are in the zone of the increased volatility.

 

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company CTTrade

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