Obama will be America's most 'expensive' former president

Former President Barack Obama's budget will reach more than $1.1 million next year, higher than his predecessors.

Former US President Barack Obama. Photo: CNN.

Barack Obama will become the most "expensive" former president in US history when the budget allocated to him will reach 1,153,000 USD.next year,Washington TimesAugust 31, citing a memorandum fromCongressional Research Service.

Obama's proposed 2018 budget is $100,000 higher than the former president's projected spendingGeorge W. Bush and $200,000 more than he didBill Clinton.

Former PresidentGeorge HW Bush is expected to be allocated a budget of more than $900,000, while Mr.Jimmy Carter will be given a budget of about $450,000.

Under a law passed in the 1950s, all former U.S. presidents are given a budget to pay for office space, living expenses, and a pension. The law was introduced after former President Harry S. Truman had little income since leaving the White House in 1953.

To date, office rental is considered the most expensive expense of former US presidents. Office rentalhas an area of ​​over 760 m2Obama's salary in Washington DC is $500,000 next year, the highest among former US presidents.

Mr. Obama's pension is also the highest, nearly $240,000/year. The second is Mr. Clinton, more than $230,000, and former presidentGeorge W.Bush receives $225,000 a year.

According to VNE