link : White House Wants $11 Billion More For Navy, Marine Corps Spending
White House Wants $11 Billion More For Navy, Marine Corps Spending
USS Nimitz (CVN 68) in Dry Dock 6 after dewatering at Puget Sound Naval Shipyard & Intermediate Maintenance Facility in Bremerton, Wash., March 5, 2018. (Thiep Van Nguyen II/US Navy)
Defense News: White House asks for $11 billion more for Navy, Marine Corps spending
WASHINGTON — The Navy and Marine Corps’ budget would grow by more than $11 billion next year, the most of any of the military services, under the Biden administration’s new $842 billion defense spending plan, according to budget documents from the White House’s Office of Management and Budget.
The Navy and Marine Corps’ budget would increase from the $244.7 billion Congress enacted for fiscal 2023 to nearly $256 billion in the next fiscal year. The new money would fund improvements to shipyards, submarines and upgrades to the fleet to make ships more lethal and survivable.
“The budget proposes executable and responsible investments in the U.S. Navy fleet,” the White House said in a budget overview document released last week. “The budget also continues the recapitalization of the nation’s strategic ballistic missile submarine fleet while investing in the submarine industrial base.”
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WNU Editor: The Navy and Marine Corps’ budget would increase from the $244.7 billion Congress enacted for fiscal 2023 to nearly $256 billion in the next fiscal year. It looks like a huge increase. But when you take into account inflation, it is actually a decrease.
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