• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadership

A Breakdown of Trump’s Budget: The Winners and Losers

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
March 16, 2017, 6:13 AM ET

President Donald Trump will propose beefing up military spending and slashing domestic programs and foreign aid in his fiscal year 2018 budget to be released on Thursday.

Here are the highlights:

Defense

The budget calls for an increase of $52 billion for the Defense Department above the 2017 base budget of about $522 billion, enacted under the Obama administration. There is an additional $2 billion increase in defense spending in other departments, including Energy and State.

That is still less than some of Trump’s fellow Republicans in Congress have called for, including the heads of the committees in the Senate and House of Representatives that oversee the U.S. military. But at a time of broad cuts elsewhere in the budget, the Pentagon is unlikely to complain.

The plan earmarks the new funds to accelerate the fight against Islamic State militants, reverse Army troop reductions, build more ships for the Navy and ramp up the Air Force—including by purchasing additional F-35 fighter jets, built by Lockheed Martin (LMT).

Homeland Security

The Department of Homeland Security would get a 6.8% increase, with more money for extra staff needed to catch, detain and deport illegal immigrants.

Trump wants Congress to shell out $1.5 billion for his promised border wall with Mexico in the current fiscal year—enough for pilot projects to determine the best way to build it—and a further $2.6 billion in fiscal 2018.

Foreign Aid

The combined budget for the State Department and U.S. Agency for International Development, or USAID, would fall by 28%, with funding cuts for the United Nations, climate change and cultural exchange programs. The plan preserves $3.1 billion in security aid to Israel.

The budget also requests $12 billion in so-called Overseas Contingency Operations, or OCO, funding for extraordinary costs, chiefly in war zones such as Afghanistan, Iraq and Syria. No comparison was provided for the current year’s OCO spending.

Current commitments on HIV/AIDS treatment under PEPFAR, the President’s Emergency Plan for AIDS Relief, will be maintained. PEPFAR is the world’s largest provider of AIDS-fighting medicine and enjoys bipartisan support.

Environmental Protection

The Environmental Protection Agency’s budget would be cut by 31%, eliminating its climate change programs and trimming back core initiatives aimed at protecting air and water quality.

The proposal would eliminate 3,200 EPA employees, or 19% of the current workforce, and effectively erase former Democratic President Barack Obama’s initiatives to combat climate change by cutting funding for the agency’s signature Clean Power Plan aimed at reducing carbon dioxide emissions.

Healthcare

Healthcare companies such as drug makers and device makers will pay more than twice as much in 2018 to have their medical products reviewed for approval by the Food and Drug Administration under the proposed budget.

The proposal budgets over $2 billion in fees to be collected from industry, twice as much in 2017.

Transportation

Oversight of air traffic control would move from the federal government to an independent group under the proposals, which include a 13% cut for the Department of Transportation’s discretionary budget.

The plan also calls for cutting the U.S. space agency NASA budget by 0.8% to $19.1 billion.

Energy

The budget for the Department of Energy would include $120 million to restart licensing for the proposed Yucca Mountain nuclear waste dump in Nevada, a project that has been stalled for years because of lawsuits and local opposition.

Agriculture

The Agriculture Department’s discretionary spending would be cut to $17.9 billion, a 21% drop from the temporary 2017 funding levels approved by Congress late last year.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Macquarie bets impact investing can fill an Asian financial access gap for the ‘missing middle’
AsiaAustralia
Macquarie bets impact investing can fill an Asian financial access gap for the ‘missing middle’
By Nicholas GordonApril 1, 2026
8 hours ago
jamie dimon
Workplace Culturereturn to office
Jamie Dimon, office-work champion, vows his anti-remote culture ‘would crush you.’ The economy’s top talent begs to differ
By Jake AngeloApril 1, 2026
10 hours ago
Ayesha and Stephen Curry
C-Suitephilanthropy
Warren Buffett revives his legendary charity lunch auction—this time with Stephen Curry. His last one raised $19 million
By Jacqueline MunisApril 1, 2026
11 hours ago
How AI will make your Shake Shack order even faster
NewslettersCIO Intelligence
How AI will make your Shake Shack order even faster
By John KellApril 1, 2026
12 hours ago
Chief human resource officer salaries have surged 30% at S&P 500 companies. Here’s why boards are opening the checkbook
C-SuiteHuman resources
Chief human resource officer salaries have surged 30% at S&P 500 companies. Here’s why boards are opening the checkbook
By Courtney Vinopal and HR BrewApril 1, 2026
13 hours ago
Nvidia CEO Jensen Huang
SuccessJobs
Nvidia CEO Jensen Huang’s advice to workers scared of AI: You’re just confusing your job with the tools you use to do it
By Emma BurleighApril 1, 2026
14 hours ago

Most Popular

Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
2 days ago
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
By Fortune EditorsMarch 30, 2026
2 days ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
16 hours ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
17 hours ago
Kevin O'Leary says if you earn $68,000 a year and follow this rule, you'll retire a millionaire
Personal Finance
Kevin O'Leary says if you earn $68,000 a year and follow this rule, you'll retire a millionaire
By Fortune EditorsMarch 31, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.