Though national defense spending bounded to $700 billion in fiscal 2018 and $716 billion in fiscal 2019 under the Trump administration, Pentagon officials confirmed they have been ordered in recent days to prepare a $700 billion budget for fiscal 2020. The Pentagon plans to continue preparing a $733 billion budget, in line with previous plans.
From DefenseNews.
Another instance of the ratchet effect? I’m sure that the FY 2020 authorization comes in at or above the Pentagon’s plans of $733 billion (TY). Any takers on a $50 bet?
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| DOD topline budget jumped more than $100B in two years, from $612B in FY 2017 to $716B in FY 2019. Shown here is President’s Budget request from Feb 2018. |
The FY 2019 budget request in February was at $686 billion. It got funded to $716 billion, a nice 4% bump.
Now, if the DOD gets funded to $733 billion, that doesn’t mean they won’t have to replan. Politics will in part decide what specific programs get bumps and which get decrements.
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