Secretary of State Rex Tillerson will soon brief the Congress on this, a US government official told reporters during a conference call.
A presidential determination is expected to be issued in the coming days.
Officials said they plan to complete a review of security procedures for vetting new arrivals by next month, but arrivals next year will be reduced.
The regional breakdown will be: Africa, 19,000; East Asia, 5,000; Europe and Central Asia, 2,000; Latin America and the Caribbean, 1,500; Near East South Asia, 17,000.
In the 2016 fiscal year, the US accepted 84,995 refugees from around the world. This year it is on course to take in around 50,000.
The US is still the world's biggest destination for refugees, but arrivals are well down from a high of more than 200,000 in 1980.
Since 1975, the US has welcomed more than 3 million refugees from all over the world.
"While maintaining the US' leadership role in humanitarian protection, an integral part of this mission is to ensure that refugee resettlement opportunities only go to those who are eligible for such protection and who are not known to present a risk to the safety and security of our country," the official said.
"The US also remains the world's leading donor of humanitarian assistance, providing over USD 7 billion in humanitarian assistance around the world last year," the official said.
In 2017, the US has provided more than USD 1.4 billion in humanitarian assistance for the Syria crisis, and more than USD 581 million for the Iraq crisis.
"We have provided nearly USD 2.5 billion for people from countries facing famine. And we have provided nearly USD 95 million for displaced persons in Burma and the region," the official added.
"A refugee admissions ceiling of 45,000 is completely unacceptable and does not reflect the needs of the worldwide humanitarian crisis," Senator Dianne Feinstein said.
According to the United Nations High Commissioner for Refugees, there are 22.5 million refugees and 65.6 million forcibly displaced people worldwide.
"Such a move is inhumane," Senator Tom Carper said.
"The founding fathers of the US a country of immigrants
fought to create a democracy that would be an example of hope and freedom for the world. President Trump's move to drastically cut back the number of refugees we'll admit into our country flies in the face of those principles," he said.
"At a time when world is facing the worst refugee crisis in history, it is unconscionable that the Trump Administration is setting the lowest refugee ceiling in history," Senator Dick Durbin said.
Congressmen John Conyers and Zoe Lofgren in a joint statement said the Trump Administration's decision to cut refugee admissions to an historic low of 45,000 is an affront to the US' legacy as a protector of oppressed people.
Elica Vafaie fromAsian Americans Advancing Justice said by slashing refugee resettlement programme to "historic low", President Trump is abusing executive power to change the very fabric and face of American story.
Avideh Moussavian from National Immigration Law Center said the drastic reduction in the number of refugees by the Trump administration "shamefully puts lives at risk" and is using public policy to discriminate against Muslims in the US.
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