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Post Tagged with: "defense budget"
President’s plan likely to affect 2013 defense budget
President Barack Obama’s effort to seek additional savings within the Defense Department likely will affect the department’s fiscal 2013 budget, Pentagon Press Secretary Geoff Morrell said April 13. The president announced that he plans to work with Defense Secretary Robert M. Gates and Navy Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff, [...]
Gates Tells Congress Funding Cuts Would Cause Crisis
The Defense Department would face a crisis if it’s forced to continue operating under a continuing resolution or doesn’t receive the funding it needs, Defense Secretary Robert M. Gates told Congress today. In a House Armed Services Committee budget hearing, Gates said President Barack Obama’s fiscal 2012 request for a $553 billion base budget for [...]
Budget Balances Military Needs with Fiscal Restraint
The Defense Department’s $671 billion fiscal 2012 budget is a responsible funding request that balances the needs of the military with efforts to control federal spending, the department’s comptroller said today. “We in the department need to be part of the deficit reduction plan,” Robert F. Hale said during a Pentagon news briefing to outline [...]
Long-Term Implications of the 2011 Future Years Defense Program
In most years, the Department of Defense (DoD) provides a five- or six-year plan, called the Future Years Defense Program (FYDP), associated with the budget that it submits to the Congress. Because decisions made in the near term can have consequences for the defense budget well beyond that period, the Congressional Budget Office (CBO) has [...]
Obama Asks for $671 Billion Defense Budget in Fiscal 2012
President Barack Obama’s fiscal 2012 defense budget request continues the department’s reform agenda, but protects personnel and family programs, Pentagon officials said. Overall, the Defense Department budget is declining, with funding for overseas contingency operations dropping by $41.5 billion, due mainly to military operations winding down in Iraq, officials said. The president is asking Congress [...]
Gates reveals budget efficiencies, reinvestment possibilities
Defense Department officials have found $154 billion in budget efficiencies over the next five years and will be able to invest $70 billion of that saved money in more-deserving accounts, Defense Secretary Robert M. Gates said Jan. 6. The secretary announced the savings and reinvesting of the efficiencies during a Pentagon news conference. Secretary Gates [...]
Citing deficit, Gates moves to cut US defense budget
Citing “dire” fiscal pressures, Defense Secretary Robert Gates proposed deeper cuts than planned in US military programs, scaling back ground forces for the first time since the 1990s. Gates, in a compromise with the White House, said the 78 billion dollars in cuts and other measures would result in a slower pace of growth in [...]
Defense budget needs trim: Top US Republican
The US military will face budget cuts as lawmakers hunt for savings to rein in the country’s deficit and national debt, senior US Republican Representative Eric Cantor said Tuesday. “Everything is going to be on the table,” Cantor, set to become House Majority Leader on Wednesday, told reporters. “Everybody is going to have to do [...]
Managing the Defence Budget and Estate
The Ministry of Defence is responsible for over £42 billion of annual expenditure. While it has managed to stay within budget each year, it has failed to exercise the robust financial management necessary to control its resources effectively in the long term. It has also failed to match its future plans to a realistic assessment [...]
