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Trump to Cut Foreign Aid Spending by $2.5B - Semafor
President Donald Trump is set to reduce previously allocated emergency budget expenditures by nearly $3 billion, with $2.5 billion of that amount earmarked for foreign aid, Semafor reported, citing White House sources.
According to the sources, Trump plans to trim funds designated as emergency spending under the debt ceiling legislation passed in 2023 during the administration of former President Joe Biden.
The cuts will primarily impact foreign aid, including support for non-governmental organizations working on migration and refugee issues, as well as economic development initiatives in Moldova and Georgia, and inclusivity-related projects. However, military assistance to key allies, such as Ukraine, will remain unaffected by the reductions.
One government official told Semafor that some of the foreign aid funding had not been sufficiently scrutinized and lacked thorough planning. The remaining $9.4 billion in emergency funding under the 2023 legislation will remain intact, according to the report.
Since taking office, President Trump has initiated a wide-ranging review of federal budget expenditures. Elon Musk, head of the U.S. Department of Government Efficiency, has stated that the administration aims to cut government spending by $2 trillion. With the national debt currently surpassing $36.5 trillion, the Congressional Budget Office estimates it could exceed $50 trillion by 2034.