Obama unveils $3.77 tn budget, increases Pak aid

April 11, 2013 00:48

US President Barack Obama today proposed a 40 per cent increase in American aid to Pakistan, amounting to $1.4 billion, as part of his $3.77 trillion budget that focusses on new job creation and economic growth.

Obama among other things proposed to increase the US aid to Pakistan under overseas contingency operations to $1.4 billion for the fiscal year beginning October 1, 2013, an increase of 40 per cent than the $1 billion that he had proposed in the last year's budget for the fiscal 2013.

The US president also proposed to reduce the deficit by another $1.8 trillion.

According to Obama's budget proposals, the State Department's$47.8 billion budget includes $6.8 billion for the frontline states of Iraq ($2.1 billion), Afghanistan ($3.4 billion), and Pakistan ($1.4 billion).

The proposals included $3 billion in base funding and $3.8 billion in overseas contingency operations funding.

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