March 24, 2022

White House to Seek $813.3 Billion National Security Budget

Source: Bloomberg

Journalists: Anthony Capaccio, Roxana Tiron

President Joe Biden plans to request $813.3 billion in national security spending -- including $773 billion for the Pentagon -- in the federal budget he will send to Congress on Monday, according to officials familiar with the plan.

It’s an increase of $31 billion, or 4%, from approved spending for the current fiscal year and about $43 billion more than the White House budget office had projected a year ago for fiscal 2023.

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“Congress almost certainly will further increase the Pentagon’s budget due to the Russian invasion of Ukraine, concerns about China and the military balance in the Indo-Pacific, and inflation,” said Stacie Pettyjohn, senior fellow and director of the defense program at the Center for a New American Security. She said inflation will affect all of the defense budget, particularly personnel costs, “which are at a historic high despite the fact that the force has been shrinking.”

Read the full story and more from Bloomberg.

Author

  • Stacie Pettyjohn

    Senior Fellow and Director, Defense Program

    Stacie Pettyjohn is a Senior Fellow and Director of the Defense Program at the Center for a New American Security (CNAS). Her areas of expertise include defense strategy, post...