Pentagon Crafting Next Budget Close to This Year’s $704 Billion
- Planners move ahead while awaiting formal guidance from OMB
- The Trump administration had projected about $722 billion
Photographer: AFP/Getty Images
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Pentagon officials are crafting a fiscal 2022 budget plan that assumes the military will receive $704 billion to $708 billion, essentially a flat budget instead of the increase anticipated under former President Donald Trump, according to three current or former defense officials.
The previous administration had announced that it would propose about $722 billion for the Defense Department in the year that begins Oct. 1, although lawmakers of both parties have predicted less would be available amid competing spending demands and rising deficits from Covid-19 relief packages.