Berliner Boersenzeitung - Trump eyes near 50 percent cut in State Dept budget: US media

EUR -
AED 4.078585
AFN 79.949482
ALL 98.465947
AMD 431.795784
ANG 1.987338
AOA 1017.692549
ARS 1255.322048
AUD 1.741851
AWG 2.001521
AZN 1.892212
BAM 1.956292
BBD 2.237813
BDT 134.655048
BGN 1.955667
BHD 0.418537
BIF 3257.954728
BMD 1.110414
BND 1.449062
BOB 7.686208
BRL 6.297935
BSD 1.108353
BTN 94.147016
BWP 15.130347
BYN 3.627156
BYR 21764.11475
BZD 2.22624
CAD 1.551798
CDF 3186.887888
CHF 0.937239
CLF 0.027385
CLP 1050.884405
CNY 7.998646
CNH 7.987308
COP 4691.221622
CRC 562.879455
CUC 1.110414
CUP 29.425971
CVE 110.985439
CZK 24.97987
DJF 197.342797
DKK 7.460202
DOP 65.291128
DZD 148.280216
EGP 56.078351
ERN 16.65621
ETB 146.60243
FJD 2.532409
FKP 0.83477
GBP 0.842349
GEL 3.048085
GGP 0.83477
GHS 14.463163
GIP 0.83477
GMD 79.400613
GNF 9598.411829
GTQ 8.524487
GYD 231.889151
HKD 8.651736
HNL 28.703959
HRK 7.539824
HTG 144.966218
HUF 404.868074
IDR 18542.192957
ILS 3.96043
IMP 0.83477
INR 94.347605
IQD 1454.642363
IRR 46748.430103
ISK 146.707818
JEP 0.83477
JMD 176.164265
JOD 0.78762
JPY 164.467306
KES 143.797864
KGS 97.104969
KHR 4460.532703
KMF 484.673931
KPW 999.37246
KRW 1568.29341
KWD 0.341319
KYD 0.923557
KZT 566.960756
LAK 23962.884449
LBP 99303.129424
LKR 331.245606
LRD 221.661686
LSL 20.314522
LTL 3.278763
LVL 0.671678
LYD 6.073526
MAD 10.379592
MDL 19.173336
MGA 4963.550444
MKD 61.583733
MMK 2331.527383
MNT 3968.571128
MOP 8.895776
MRU 43.970141
MUR 50.756869
MVR 17.098645
MWK 1921.912737
MXN 21.792292
MYR 4.771448
MZN 70.956174
NAD 20.316077
NGN 1778.96112
NIO 40.807488
NOK 11.593522
NPR 150.635025
NZD 1.894305
OMR 0.427494
PAB 1.108318
PEN 4.048581
PGK 4.520218
PHP 61.922226
PKR 311.994469
PLN 4.240786
PYG 8855.304853
QAR 4.044053
RON 5.104355
RSD 117.24738
RUB 89.9396
RWF 1586.54152
SAR 4.164641
SBD 9.272899
SCR 15.780939
SDG 666.799903
SEK 10.893411
SGD 1.448574
SHP 0.872611
SLE 25.261944
SLL 23284.822067
SOS 633.401939
SRD 40.196429
STD 22983.328253
SVC 9.697437
SYP 14437.450475
SZL 20.312476
THB 37.049515
TJS 11.548314
TMT 3.886449
TND 3.372375
TOP 2.6007
TRY 43.086247
TTD 7.523399
TWD 33.765586
TZS 2992.565785
UAH 46.040569
UGX 4055.982635
USD 1.110414
UYU 46.321639
UZS 14324.340531
VES 102.952025
VND 28838.562458
VUV 134.363944
WST 3.085312
XAF 656.145508
XAG 0.034058
XAU 0.000343
XCD 3.00095
XDR 0.804901
XOF 639.042892
XPF 119.331742
YER 271.440769
ZAR 20.27868
ZMK 9995.057489
ZMW 29.181384
ZWL 357.552861
  • RBGPF

    2.2700

    65.27

    +3.48%

  • CMSD

    -0.0400

    22.3

    -0.18%

  • JRI

    0.0300

    13.01

    +0.23%

  • BCC

    4.4800

    93.1

    +4.81%

  • CMSC

    0.0200

    22.08

    +0.09%

  • RYCEF

    -0.1200

    10.38

    -1.16%

  • SCS

    0.3600

    10.82

    +3.33%

  • NGG

    -3.1600

    67.53

    -4.68%

  • BCE

    -0.1500

    22.56

    -0.66%

  • RIO

    1.4300

    61.41

    +2.33%

  • RELX

    -2.0200

    51.83

    -3.9%

  • VOD

    -0.2300

    9.07

    -2.54%

  • GSK

    0.7500

    37.37

    +2.01%

  • BTI

    -0.6600

    40.98

    -1.61%

  • BP

    0.4200

    30.19

    +1.39%

  • AZN

    1.3800

    68.95

    +2%

Trump eyes near 50 percent cut in State Dept budget: US media
Trump eyes near 50 percent cut in State Dept budget: US media / Photo: WIN MCNAMEE - GETTY IMAGES NORTH AMERICA/AFP

Trump eyes near 50 percent cut in State Dept budget: US media

The US State Department is expected to propose an unprecedented scaling back of Washington's diplomatic reach, multiple news outlets reported Tuesday, shuttering programs and embassies worldwide to slash the budget by almost 50 percent.

Text size:

The proposals, contained in an internal departmental memo said to be under serious discussion by senior officials, would eliminate almost all funding for international organizations such as the United Nations and NATO.

Financial support for international peacekeeping would be curtailed, along with funding for educational and cultural exchanges like the Fulbright Program, one of the most prestigious US scholarships.

The plan comes with President Donald Trump pressing a broader assault on government spending, and a scaling back of America's leading role on the international stage.

But the American Foreign Service Association called the proposed cuts "reckless and dangerous" while former US ambassador to Moscow Michael McFaul decried a "giant gift to the Communist Party of China."

The memo says the State Department will request a $28.4 billion budget in fiscal year 2026, beginning October 1 -- $26 billion less than the 2025 figure, according to The New York Times.

Although it has little to say about humanitarian aid, programs tackling tropical disease, providing vaccines to children in developing nations and promoting maternal and child health would go, the Times reported.

USAID -- the sprawling development agency eyed for closure by Trump and Musk -- is assumed by the memo's authors to have been fully absorbed into the State Department, said The Washington Post.

Only the Republican-controlled Congress -- which needs Democratic votes to pass most laws -- has the authority to sign off on the cuts.

But the proposals will likely loom large in lawmakers' negotiations over the 2026 budget.

Government departments were facing a deadline of this week to send the White House their plans for cuts, but the State Department has yet to make any public announcements.

It is not clear if Secretary of State Marco Rubio has endorsed the April 10 memo, but he would need to sign off on any cuts before they could be considered by Congress.

The document earmarks 10 embassies and 17 consulates for closure, including missions in Eritrea, Luxembourg, South Sudan and Malta, according to politics outlet Punchbowl News.

Five consulates earmarked for closure are in France while two are in Germany, Punchbowl reported. The list also includes missions in Scotland and Italy.

In Canada, US consulates in Montreal and Halifax would be downsized to "provide 'last-mile' diplomacy with minimal local support," the website reported, citing the document.

US missions to international bodies such as the Organization for Economic Co-operation and Development and the UN's children's fund, UNICEF, would be merged with the diplomatic outposts in the city where they are located.

AFP contacted the State Department for comment but there was no immediate response.

(P.Werner--BBZ)