{"id":141713,"date":"2020-02-11T11:10:32","date_gmt":"2020-02-11T11:10:32","guid":{"rendered":"https:\/\/www.bnreport.com\/trumps-new-budget-seeks-to-trim-foreign-aid-counter-chinese-influence\/"},"modified":"2020-02-11T11:10:32","modified_gmt":"2020-02-11T11:10:32","slug":"trumps-new-budget-seeks-to-trim-foreign-aid-counter-chinese-influence","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/trumps-new-budget-seeks-to-trim-foreign-aid-counter-chinese-influence\/","title":{"rendered":"Trumps New Budget Seeks to Trim Foreign Aid, Counter Chinese Influence"},"content":{"rendered":"

WASHINGTON\u2014President Donald Trump released his $4.8 trillion budget proposal on Feb. 10, calling for steep reductions to foreign aid, in line with previous years.<\/p>\n

Across the international affairs budget, the overall reduction to foreign assistance is 21 percent<\/a>, according to the budget proposal, including cuts to United Nations programs. Eliminations of various international aid programs are expected to save nearly $170 million compared to last year.<\/p>\n

The budget requests $40.8 billion for the State Department and the U.S. Agency for International Development (USAID), a 22 percent decrease from last year.<\/p>\n

The savings include the elimination of spending for international development organizations such as the U.S.-based nonprofit The Asia Foundation. Other cuts are proposed to embassy-based small grants for events and programs, including sending American artists to a poetry festival in Finland or supporting a foreign student to attend Space Camp.<\/p>\n

Critics argued that the reduction in the international affairs budget increases the risk for critical military operations.<\/p>\n

\u201cThe president disagrees with the idea that we should continue to have such robust levels of funding in the foreign aid category,\u201d Russ Vought, acting director of Office of Management and Budget, told reporters on Feb. 10.<\/p>\n

Despite deep cuts, he said, spending about $40 billion in foreign aid was still substantially higher compared to other countries.<\/p>\n

\u201cWhat we believe that, at the end of the day, its time to rethink how we do foreign aid in this country, that we need to move beyond the reality of spending money for a Bob Dylan statue in Mozambique, for the NASA Space Camp in Pakistan, for the professional Cricket League in Afghanistan.\u201d<\/p>\n

Trump also proposed fundamental restructuring to humanitarian assistance programs.<\/p>\n

Rep. John Yarmuth (D-Ky.), chairman of the House Budget Committee, reacted to Trumps proposal to cut foreign aid among other things, in a statement. He criticized the president for putting forth \u201ca destructive and irrational budget.\u201d<\/p>\n

\u201cHe has broken his promises to the American people. Defaulted on the bipartisan budget deal he made with Congress,\u201d he stated on Feb. 10.<\/p>\n

\"Epoch
\"Epoch<\/figcaption><\/a> Russ Vought, acting director of the Office of Management and Budget, at the Eisenhower Executive Office Building in Washington on July 24, 2019. (Blake Wu\/NTD)<\/figure>\n

Countering China Threat<\/h2>\n

The administration says spending for international programs will focus on \u201cgreat power competition\u201d and national security.<\/p>\n

For example, the proposal expands the budget for the International Development Finance Corp. (DFC), a critical tool for countering Chinas \u201cOne Belt, One Road\u201d initiative. The new agency, which began operating in January, focuses on investing in emerging markets. It aims to compete with China in funding not only traditional infrastructure projects but also advanced technologies, including 5G.<\/p>\n

\u201cWe have to be there as an alternative because I could see China take down a whole bunch of emerging countries,\u201d Adam Boehler, chief executive of DFC, told Financial Times in December 2019.<\/p>\n

Congress doubled the DFCs funding in 2019 to $60 billion and allowed the new agency to make equity investments.<\/p>\n

The budget also provides $1.5 billion for the Indo-Pacific region to ensure \u201cthe region remains free, open, and independent of malign Chinese influence.\u201d<\/p>\n

The budget proposal mentions China, or the words \u201cChinese influence\u201d or \u201cChinese propaganda\u201d nearly 20 times. In addition, \u201cRussia,\u201d \u201cRussian influence,\u201d \u201cRussian aggression,\u201d or Russian are mentioned more than 10 times in total.Read More \u2013 Source
\n[contf]
\n[contfnew]
\n <\/p>\n

The Epoch Times<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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