Donald Trump on Tuesday unveiled a $1 trillion budget for next year, including a new military buildup, $20 billion for the National Endowment for the Arts and $5.4 billion for a $100 billion fund to build a border wall between the U.S. and Mexico.
But the plan has some caveats.
Trump’s proposal doesn’t include spending on the Department of Veterans Affairs or other agencies, which could mean higher deficits for the rest of the year.
And the budget doesn to include $1.9 trillion for border security, $1 billion for infrastructure, $500 million for research and development and $1 million for a federal health program.
Trump says the plan would increase the military budget by $5 trillion, but his own budget would add only $1,000 to the defense budget.
The White House did not immediately respond to a request for comment.
The budget would eliminate the Export-Import Bank, which Trump has criticized for subsidizing companies in the U, and redirect funds to other government agencies.
Trump said the bank was “a disaster” and he would cut the $300 billion in annual subsidies.
The $500 billion fund would provide funds for border wall construction and help states secure the U-turn on immigration reform.
Trump also proposes to spend $2.5 billion to help the nation’s military rebuild and build a second fleet of submarines, as well as $3 billion for new air defense systems.