US president-elect Donald Trump on Saturday picked a conservative Republican lawmaker as his budget director at the
White House, who he believes would help in responsibly managing the finances of
the world’s biggest economy, currently under a debt of nearly ” $20
trillion”.

Nominated as Director of the Office of Management and Budget,
Congressman Mick Mulvaney, 49, of South Carolina brings a wealth of experience
on economic, budgetary, and fiscal issues to his new role, the Presidential
Transition Team said in a statement.

“We are going to do great things for the American people
with Mick Mulvaney leading the Office of Management and Budget,” Trump
said.

Mulvaney has long been a strong voice in Congress for
reining in out-of-control spending, fighting government waste and enacting tax
policies that will allow working Americans to thrive.

“Right now we are nearly $20 trillion in debt, but
Mick is a very high-energy leader with deep convictions for how to responsibly
manage our nation’s finances and save our country from drowning in red ink,”
said the President-elect.

“With Mick at the head of OMB, my administration is
going to make smart choices about America’s budget, bring new accountability to
our federal government, and renew the American taxpayer’s trust in how their
money is spent,” Trump said.

Getting America’s fiscal house in order is a key component
of Trump’s America First plan to create millions of jobs and grow the economy,
the transition team said in a statement.

Trump will have to balance the spending cuts, alongwith
delivering on his pre-poll promises of drastic tax cuts and a big
infrastructure boost.

In his statement, Mulvaney said the Trump administration
will restore budgetary and fiscal sanity back in Washington after eight years
of an out-of-control, tax and spend financial agenda, and will work with Congress
to create policies that will be friendly to American workers and businesses.

“Each day, families across our nation make disciplined
choices about how to spend their hard earned money, and the federal government
should exercise the same discretion that hardworking Americans do every
day,” he said.

A lifelong resident of the Carolinas, Mulvaney attended
Georgetown University where he graduated as an Honor Scholar the highest award
given to students of the Georgetown School of Foreign Service in International
Economics, Commerce and Finance.

After college, he attended law school at the University of
North Carolina at Chapel Hill on a full academic scholarship.