U.S. President Barack Obama signed the bill on the national budget for two years


WASHINGTON, November 2. /Corr. Andrew Shitov/. U.S. President Barack Obama signed the bill on the national budget for the next two years. According to the announcement of the press service of the White house, the document envisages, in particular, restrictions on discretionary, ie administered by the government and not indexed automatically by law, the articles of the budget in 2016 and 2017 fiscal years. Also introduces a number of other changes in the existing budget law.

2016 fiscal year in the United States began on October 1 and will run until 30 September next year.

The document includes, in particular, increasing the maximum size of the national debt to a level that will not revisit the issue until March 2017.

Obama

Obama has spread about the new budget law, a statement to the press. In his words, “securing two-year funding (the document) must finally free us cyclically repeated threats of a shutdown and produced a last-minute solutions,” allowing the administration to function. “So it allows us to plan for the future”, – said the current occupant of the White house.

He expressed appreciation for the budget agreement with the leaders of the ruling democratic party and the Republican opposition in Congress. Signed the bill is the result of a political compromise reached by lawmakers last week.

The next step is the costs of agencies, including the Pentagon

Now, as recalled by Obama, the case for the distribution of allocations for specific ministries and agencies. The President expressed confidence that this work could be completed by mid-December. “The American people will not be a better gift for Christmas – he said, – because it will provide stability and allow the economy to grow”. The White house stressed that it will put Americans in a particularly advantageous position on the background of the “great weaknesses in the economies around the world.”

In addition to utryasutsya will new US law on the defence expenditure, which is not binding, but gives Pentagon chief Ashton Carter in coordination with U.S. Secretary of state John Kerry right to use 300 million dollars to assist Kiev “appropriate assistance in the field of security and intelligence”.