WASHINGTON — The Biden administration on March 9 unveiled its proposed spending plan for fiscal yr 2024 that features $842 billion for the Protection Division — a rise of $26 billion or 3.2 % above what Congress enacted in 2023.
The White Home launched solely a abstract of the finances proposal, with no particulars on what funding is being allotted to navy area applications. Extra specifics will likely be launched March 13.
A operating theme within the abstract doc is that elevated protection spending is required to compete with China.
The White Home mentioned the 2024 finances “will increase area resilience,” a prime precedence of Secretary of the Air Pressure Frank Kendall.
In a speech March 7 on the Air Warfare Symposium in Colorado, Kendall mentioned the Air Pressure and Area Pressure within the 2024 finances proceed to make investments in next-generation programs to counter China.
The White Home within the finances abstract mentioned area is “important to U.S. nationwide safety and integral to trendy warfare.”
The 2024 finances “maintains America’s benefit by enhancing the resilience of U.S. area architectures, akin to in area sensing and communications, to bolster deterrence and improve survivability throughout hostilities,” mentioned the doc.
“The finances prioritizes China as America’s pacing problem in step with the 2022 Nationwide Protection Technique,” the White Home mentioned.
The proposal “helps investments to speed up crucial weapons and munitions manufacturing strains; develop capabilities like long-range strike, undersea, hypersonic, and autonomous programs; and improve resiliency of our area architectures.”
Analysts predict navy area funding in 2024 will proceed an upward pattern seen in recent times.
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