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Pentagon Details $583B Military Spending Plan for Fiscal 2017

1 min read

PentagonThe Defense Department is seeking about $523.9 billion in base budget for fiscal 2017 and another $58.8 billion to fund overseas contingency operations, Defense News reported Tuesday.

Andrew Clevenger writes DoD’s proposed fiscal 2017 budget of $582.7 billion represents a 0.4-percent increase from fiscal 2016’s enacted $580.3 billion budget.

The budget includes $7.5 billion to finance operations against Islamic State militants, about $2.5 billion more than the amount DoD allocated this fiscal year, and $3.4 billion for the European Reassurance Initiative, up $2.6 billion from the agency’s previous request.

Clevenger reports the U.S. Navy seeks close to $153 billion in base spending for fiscal 2017, which includes money for the procurement of up to 94 manned and unmanned aerial vehicles.

The U.S. Air Force has proposed a $166.9 billion budget that, if approved, would fully fund the branch’s Long Range Strike Bomber and KC-46 refueling aircraft acquisition efforts.

That proposed budget also includes $148 billion for the U.S. Army, including $125 billion in base funds, the report said.

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