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Bush unveils biggest budget in US history

By Washington correspondent Kim Landers

Posted February 5, 2008 08:00:00

United States President George W Bush has unveiled a $US3.1 trillion ($3.4 trillion) budget, the biggest in the nation's history.

Mr Bush's proposed budget is the first to top the $3 trillion mark, but he says it will keep spending under control.

"The budget keeps our economy growing, it's essential that we make sure that we deal with the uncertainties, the economic uncertainties we face," he said.

The defence budget is up 7.5 per cent to more than $560 billion, and that does not include all the money needed for the Iraq and Afghanistan wars.

The budget also predicts the deficit will soar to near record levels, hitting $451 billion this year.

But Mr Bush says if his policies are followed, it will be back in surplus by 2012.

Tags: economic-trends, world-politics, united-states

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