HomeGlobal Defence UpdatesUS defense budget: Joe Biden's meager 1% US defense budget increase buys...

US defense budget: Joe Biden’s meager 1% US defense budget increase buys fewer ships, jets

msid 108408481,imgsize

President Joe Biden’s overall U.S. defense and national security budget request released on Monday is just 1% higher than last year, forcing a slowdown in spending on a wide range of programs and delaying efforts to rebuild weapons stocks depleted by wars in Ukraine and Israel.

The $895 billion national security budget request, which includes funds for homeland security as well as nuclear weapons-related activities carried out by the Department of Energy, is the result of a two-year budget deal struck in mid-2023 that limited the budget to a 1% increase.

“It is an increase over last year, is not enough of an increase to cover inflation. That, again, would presumably not have been a surprise to anybody who drafted the caps or voted for the caps,” a senior defense official told reporters during the budget rollout process.

Under the cap, the Pentagon’s share of the national defense budget is $850 billion. The less-than-expected funding will curb purchases of the stealthy F-35 jet made by Lockheed Martin and air defenses for Guam, and will delay programs, including slowing orders for an aircraft carrier made by Huntington Ingalls Industries and Virginia-class submarines made by Huntington and General Dynamics.

The budget asks for a 4.5% pay raise for troops, but also trims costs by retiring older weaponry like ships and planes that are more expensive to operate. Under the plan, 10 Navy ships will be retired before the end of their scheduled service life, including two Littoral Combat Ships, which have underperformed expectations.

Last spring, before the cap was put in place, the Pentagon had estimated in 2025 it would need about $880 billion, and the total national security budget would be $929 billion. But because the budget increase is capped at 1% and smaller than expected, there is less money to spend. The budget will spark debate on Capitol Hill that could lead to an increase in the national defense budget to over $900 billion for fiscal 2025, budget watchers say. Last year the Pentagon began buying missiles and munitions with multiyear contracts for the first time, something that is routine for planes and ships.

In the 2025 budget the Pentagon is prioritizing purchase of a new ground attack weapon, the Precision Strike Missile (PrSM), which is to replace the Army Tactical Missile (ATACM). Last year, before the budget cap deal, the plan was to buy 190 in 2025; now the Army plans to buy 230 PrSM.

Another missile, viewed as critical to deter China’s navy, is the Long Range Anti-Ship Missiles (LRASM). Again, last year, before the budget cap deal, the plan was to buy 47 of the missiles, but now the Pentagon says it wants to buy 205.

Lockheed Martin makes both the PrSM and LRASM.

Defense spending accounts for about half of the U.S. discretionary budget; the other half goes to transportation, education, diplomacy and other departments. Entitlements like Social Security, the national retirement fund, constitute the nondiscretionary portion of the budget.

The 2024 budget, which includes $886 billion for national security, still has not passed Congress. The U.S. government is working under a continuing resolution: a stop-gap measure which caps spending at 2023 levels until a 2024 budget is passed. The current continuing resolution is keeping the government open until later in March.

The Pentagon order for Lockheed Martin’s stealthy fighter will drop to 68, down from an expected order of 83, for an estimated $1.6 billion drop in spending on the jets.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

Thyssenkrupp Marine Systems: India can be a hub for making submarines in the APAC region, says Thyssenkrupp exec

India can be a submarine-making hub in the Asia Pacific region, said a top executive at Thyssenkrupp Marine Systems (TKMS), which claims to be...

DRDO: Made in India Netra, Pinaka Systems attract European, Southeast Asian interest

At the Eurosatory 2024 Defence Show in Paris, India's indigenous military technologies, including the Netra airborne early warning and control aircraft and the Pinaka...

AMCA 5th Generation Stealth Fighter Updates

AMCA to be integrated with sophisticated indigenous Distributed Aperture System (DAS) that making it a formidable air asset for the Indian Air Force

Source : IgMp Bureau India’s Advanced Medium Combat Aircraft (AMCA) is on the brink of a revolutionary transformation with the integration of a sophisticated Distributed...

AMCA to incorporate the best features of both 5th and 6th Generation fighters: ADA sources

Source : IgMp Bureau India's strides toward indigenous air dominance receive a substantial boost with the green signal for the Advanced Medium Combat Aircraft (AMCA)...

Most Popular

Recent Comments

Archive Months

Miscellanous

UK’s House of Commons Defence panel calls for expansion of AUKUS to include India, Japan

Source : The PrintRepresentative ImageNew Delhi: Reflecting the need for increased global security cooperation, the United Kingdom’s House of Commons defence select committee has called...

Govt clears Rs 31,000 cr defence orders

The government has cleared weapons acquisitions worth over β‚Ή31,000 crore, including the single largest order ever to the Indian private sector. Approvals have been...

Turkey unveils AI-enabled Jet-Powered winged Loitering Missile with a Monster Camera for Destroying Strategic Targets

Source : The EurAsian Times Turkey unveils AI-enabled Jet-Powered winged Loitering Missile with a Monster Camera for Destroying Strategic Targets Turkish drone maker Baykar unveiled a...

Indian Army’s β€˜Trishakti Corps’ conducted Integrated Exercise in High-Altitude areas of North Sikkim

Source : North East TodayThe troops of Striking Lion-Division of Trishakti Corps has conducted integrated tactical exercise- β€˜SINGHEE PRAHAAR’, at 17,500 feet in North...
Visits
error: Content is protected !!