Defense Department Comptroller Mike McCord hasÂ said the budget agreementÂ signed last month covers at least 96 percent of funding levels that DoD requested for the next two fiscal years, DoD News reported Wednesday.
Cheryl Pellerin writesÂ McCord also projectedÂ the department will have financial challenges in the long term despite passage of the Bipartisan Budget Act of 2015 if Congress does not address sequestration.
“If there is no further relief from the Budget Control ActÂ after this two-year budget deal and we return to sequester-level caps in 2018, we would still absorb about $800 billion of cuts over 10 years,”Â he told a forum hosted by theÂ Center for Strategic and International StudiesÂ last week.
He noted the DoD needs a stable budget to balance force capacity, readiness and capability, modernize defense systems, strengthen cybersecurity and counter foreign threats to U.S. national security.
“The decade of the ’20s is when we’ll probably need additional resources, even above where we are today, to start recapitalizing the nuclear triad,” McCord added, the publication reports.