President Joe Biden has signed the Fiscal 2023 National Defense Authorization Act into law, allocating billions in funds to multiple federal agencies.
Under the NDAA, $817 billion will be allocated to the Department of Defense, $30.3 billion will be given to the Department of Energy for its national security programs and $378 million will be set aside for other “defense-related activities,” the DOD announced on Friday.
The act also authorizes $12.6 billion in funding to address inflation impacts on purchases, $3.8 billion to account for inflation in military construction and $2.5 billion for inflation effects on DOD fuel purchases.
Additionally, the act includes $45 billion more than the amount initially requested to tackle the effects of inflation and accelerate the adoption of the National Defense Strategy, which was publicly released in October.
The NDAA also completely funds the U.S. Special Operations Command’s budget and includes approximately $250 million for requirements that have not yet received funding.
On a global scale, the act will extend the Pacific Deterrence Initiative into the fiscal year with approximately $11.5 billion in investments toward its objectives.
Other portions of funding under the act are allotted to various military initiatives, including Navy shipbuilding and aircraft procurement.
The act will also result in a 4.6 percent pay increase for military and civilian members of the department as well as other benefits for military personnel and their families.
The signing of the NDAA coincides with the passing of the $1.7 trillion Omnibus bill by the House of Representatives on the same day to fund federal agencies through September.