Business/economics

President Proposes USD 204.9 Million in Budget for BSEE

The budget ensures continued support of the offshore energy industry’s safe and responsible operations providing for secure and reliable energy production for America’s future.

President Donald Trump proposed a USD 204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE). The budget ensures continued support of the offshore energy industry’s safe and responsible operations providing for secure and reliable energy production for America’s future. BSEE fosters safe and environmentally responsible energy production on the US Outer Continental Shelf through regulatory oversight of oil and gas operations.

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The FY 2018 budget request is USD 204.9 million, a USD 600,000 increase above the FY 2017 level, and includes USD 112.0 million in current appropriations and USD 92.9 million in revenue from rental receipts, cost recoveries, and inspection fees.

“President Trump promised the American people he would cut wasteful spending and make the government work for the taxpayer again, and that’s exactly what this budget does,” said US Secretary of the Interior Ryan Zinke. “Working carefully with the President, we identified areas where we could reduce spending and also areas for investment, such as addressing the maintenance backlog in our National Parks and increasing domestic energy production on federal lands. The budget also allows the department to return to the traditional principles of multiple-use management to include both responsible natural resource development and conservation of special places. Being from the west, I’ve seen how years of bloated bureaucracy and D.C.-centric policies hurt our rural communities. The president’s budget saves taxpayers by focusing program spending, shrinking bureaucracy, and empowering the front lines.”

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