FY 2019 Administration Budget Request

Holland & Knight LLP

President Donald Trump on February 12, 2018, submitted his budget request to Congress for Fiscal Year (FY) 2019.

The President's full budget calls for approximately $4.4 trillion in total spending. Much of the budget seeks to scale back nondefense programs, and streamline permitting and review processes for projects.

The budget request will not balance over 10 years, a departure from traditional Republican priorities. The administration projected an annualized economic growth of 3.1 percent over the next three years. It would add $984 billion to the federal deficit over the next year, despite seeking cuts to welfare programs such as Medicare and food stamps. Over the next 10 years, the plan would add $7 trillion to the deficit.

Please see full Publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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