Thursday, February 2, 2023

US President approves budget for fiscal year 2023

United States President Joe Biden this Thursday approved the fiscal year 2023 budget with a $1.7 trillion spending package.

With the signing of the budget, which was given the green light by Congress last week, Biden “capped off a year of historic progress,” the president wrote on his Twitter account.

“They include investments in medical research, security, health for veterans, recovery from natural disasters, funding for violence against women and vital aid to Ukraine,” the president listed.

The budget, which was approved by Congress last Friday and is slated for fiscal year 2023, which runs from October 1, 2022, to September 30, includes $45 billion in aid for Ukraine.

Lawmakers were racing against the clock to vote on the bill less than two weeks before Republicans would take control of the House after Democrats lost the November midterms.

The budget, which will go into effect with Biden’s signature today, envisages some $858,000 million for defense and $800,000 million for other items, a 9.3% increase over last year.

They also cover $40.6 billion to deal with drought, hurricanes, floods, fires, and other natural disasters and emergencies in the United States; and some $45 billion in economic, humanitarian and security aid to Ukraine.

Last Wednesday, Ukraine’s President Volodymyr Zelensky visited Washington to meet with Biden and defended in Congress that day that the money is not a charity for his country: “It is an investment in global security and democracy.”

The bill reached the House of Representatives after two amendments on the management of the border with Mexico were held up and rejected in the Senate.

The rules include a reform to provide more guarantees for the electoral count, by clarifying that the vice president does not have the power to overrule the results of a presidential election.

The budget was approved by 225 votes in favor and 201 in the lower house and 68 in favor and 29 in the Senate.

Nation World News Desk
Nation World News Desk
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