2021 budget
Trump Spending Soars in First 4 Years
President Trump came into office promising spending cuts and debt reduction, but so far he has delivered the opposite.
Trump to Spend $5.4 Trillion in 2021
President Trump’s new budget projects that federal spending will rise to $4.83 trillion in fiscal year 2021. When Trump came into office in 2017, spending was $3.98 trillion. In just four years under this president, spending will be up $850 billion, or 21 percent.
President Trump’s 2021 Budget
The Trump administration has released its budget for fiscal year 2021. In the face of huge deficits, the budget proposes numerous reforms to discretionary and entitlement spending and foresees the budget eventually balancing by 2035.