According to a latest report published in The New York Times, US President Barack Obama is all set to present USD 3.8 trillion budget proposal for the financial year 2011 on Monday, Feb 1, 2010.

“President Obama will send a USD 3.8 trillion budget to Congress on Monday for the coming fiscal year,” New York Times reported.

The budget would aim to increase the financing for education and for civilian research programmes by over 6 per cent. As the report added, “Many programmes at the National Institutes of Health, the National Science Foundation and the Energy Department are in line for increases, along with the Census Bureau.” In addition, Pentagon’s Special Operations forces, the Army’s Black Hawk and Chinook helicopters, and the F-35 Joint Strike Fighter are also in for an increase.

The budget for the next financial year starting October 2010 will offer USD 25 billion for severely hit states, although Obama is focusing on freezing much domestic spending.