{"id":8552,"date":"2021-05-31T10:57:00","date_gmt":"2021-05-31T07:57:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=8552"},"modified":"2023-06-22T18:00:04","modified_gmt":"2023-06-22T15:00:04","slug":"us-federal-draft-budget-made-american-and-european-stocks-grow","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/05\/31\/us-federal-draft-budget-made-american-and-european-stocks-grow\/","title":{"rendered":"US Federal Draft Budget Made American and European Stocks Grow"},"content":{"rendered":"\n

US President made public the draft budget<\/a> for the next year. The expenditure part is hilarious. Get into the details of how much money the government will spend and on what, and how the stock market reacted to this news. As a cherry on top, enjoy tech analysis<\/a> by Maksim Artyomov.<\/p>\n\n\n\n

<\/span>US annual budget amounting to $6 trillion<\/span><\/h2>\n\n\n\n

On May 29th, Joe Biden presented a federal budget project for 2022 with an expenditure part of $6 trillion. The media say that the money will be allocated for the development of infrastructure, healthcare system, and education.<\/p>\n\n\n\n

The budget includes support for poor population and the middle class. A lot of social programs are planned. For example, the American Employment Plan will get $2.3 trillion, the American Family Support Plan — $1.8 trillion. Discretion spending will amount to $1.5 trillion.<\/p>\n\n\n\n

President Biden claims that the budget invests directly in American people, supporting the economy and enhancing financial health of the nation in the long run.<\/p>\n\n\n\n

<\/span>US industrial stocks growing<\/span><\/h2>\n\n\n\n

The news that the annual budget would amount to $6 trillion, which is the largest expenditure since WW2, made the shares of metallurgical, steel-casting, building, and mining companies grow.<\/p>\n\n\n\n

On May 26th already, when rumors about the draft budget started spreading, the shares of the following companies demonstrated growth:<\/p>\n\n\n\n