The US Department of Defense (DoD) is proposing a fiscal year 2021 (FY 2021) budget of USD705.4 billion, nearly the same amount of money it received for FY 2020.
While the request represents a slight cut of 1% or USD7.2 billion from the FY 2020 enacted level of USD712.6 billion, it amounts to a 0.1% or USD800 million increase after excluding USD8 billion in FY 2020 natural disaster emergency spending. Either way, the budget would essentially be flat.
The proposal, unveiled on 10 February, contrasts sharply from the large increases of the past few years. The DoD’s budget has grown by USD153 billion from FY 2015 to FY 2020, with much of that money going toward developing and buying new equipment and improving operational readiness.
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