WASHINGTON, May 1 (Reuters) - U.S. President Donald

Trump plans to unveil his budget proposal for the 2026 fiscal

year on Friday and send it to Congress, according to a White

House official.

The annual White House budget request includes economic

forecasts as well as detailed proposals about how much money

should be spent by every government agency for the year that

starts on October 1.

However, it is the responsibility of Congress to craft

spending legislation, and what lawmakers ultimately adopt

typically differs dramatically from the White House request.

The release comes as Republicans in the U.S. Congress are

working to bridge internal divisions over proposed cuts in

federal spending to pay for a landmark tax-cut bill they hope to

enact by July 4. They may also have to factor in growing stress

in the nation's economy arising from U.S. tariff hikes that are

upending global trade.

Trump, who describes the tax-cut measure "a big beautiful

bill," said this week that he would propose a military budget of

over $1 trillion, adding that tariffs he has slapped on nearly

every country will help boost revenues and offset his plans to

cut taxes.

The proposed budget will also include over $160 billion

worth of cuts in environmental, renewable energy, education and

foreign-aid programs, the Wall Street Journal reported on

Thursday, citing administration officials.

Trump campaigned during the 2024 presidential campaign on

reducing the size of the federal government, and his

administration - aided by billionaire Elon Musk - has shut down

several agencies and slashed the federal workforce by tens of

thousands of people. Some of the cuts remain tied up in court.

Trump won't be in Washington when his budget plan comes out.

The Republican president capped a week-long celebration of

his first 100 days in office with a speech to graduates at the

University of Alabama on Thursday evening before flying to West

Palm Beach for the weekend.