Trump promises to report on his finances before the election

NEW YORK (AP) – President Donald Trump promised Monday to release a detailed financial report of his personal assets before the presidential election next year, although he was vague about what would happen. He was going to reveal again.

"Before the election, I will present a financial report about myself and the report will be extremely comprehensive," he told reporters before heading to the campaign campaign in North Carolina.

Trump's comments are unclear as to how this new report may differ from the financial information it presents to the government's Ethics Office at the beginning of each year. The White House did not immediately respond to a request for details.

Trump's promise to disclose more information was made following Vice President Mike Pence's visit last week to a Trump compound in Doonbeg, Ireland, and questions about whether a crew from the Air Force has stayed at one of its properties in Scotland.

Democrats are studying taxpayer-funded public spending on Trump properties as part of its broader investigation into its finances.

"I am going to give my financial situation and you will be extremely shocked by the fact that the numbers are many times what you think," said Trump. "I do not need anyone to take a room at the hotel."

Trump files a lengthy annual report detailing his holdings with the Office of Government Ethics, but gives figures on the value of his assets, the income earned and the amount borrowed. The report does not say who could invest alongside it in its different properties.

His disclosure filed earlier this year showed that he had cashed at least $ 453 million in revenue in 2018 and that he owed at least $ 315 million to various banks.

Trump broke with decades of precedent by refusing to disclose his tax return to the public before taking office. Trump entrusted the responsibility for running the Trump Organization to his two grown sons, but did not sell his interest in his properties and placed the proceeds in a blind trust. Several previous presidents have placed their assets in a blind trust so they do not know exactly what they owned and how public policies could affect their finances.