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Post Tagged with: "defense budget"
UK Defence Budget Cut By Eight Percent
The Government has today agreed funding for Defence of £33.8bn in 2011-12, £34.4bn in 2012-13, £34.1bn in 2013-14 and £33.5bn in 2014-15. This settlement represents an eight per cent reduction in real terms. This agreed funding is part of the Government’s 2010 Spending Review which has been announced by the Chancellor today. The Spending Review [...]
German Defense Budget Expected to be Higher in 2011
BERLIN: Despite cutbacks in spending planned by the German government as the “debt brake” constitutional amendment goes into effect in 2011, Germany’s defense budget is expected to rise to EUR31.54 billion ($41.2 billion) next year. If approved by parliamentary vote in December, this year-on-year increase would result in a 1.36 percent rise in German military [...]
Gates: Budget Request Reflects Pentagon’s Reform Agenda
WASHINGTON: The fiscal 2011 defense budget request continues and builds on the reforms of the fiscal 2010 budget, Defense Secretary Robert M. Gates told the Senate Appropriations Committee’s subcommittee on defense June 16. The proposed base budget request is $549 billion, a 3.4 percent increase over the current fiscal year. The budget request allows real [...]
Pakistan Increasing Defense Budget
Pakistani officials have announced a big increase in defense spending for the upcoming fiscal year. The budget for the fiscal year 2010-2011, starting July 1, calls for 442.2 billion rupees, or $5.2 billion, for defense — an increase of at least 17 percent over the previous year. That’s out of a total budget for the [...]
Obama Backs Gates in Budget Debate
WASHINGTON: President Barack Obama today promised to veto any legislation that includes funding for an alternate engine for the F-35 joint strike fighter or more C-17 cargo jets, expressing his “strong support” for Defense Secretary Robert M. Gates’ budget-reform effort. “As the Congress continues its work on funding bills for the Department of Defense, I [...]
Budget Balances Security, Economics, Lynn Tells Congress
WASHINGTON: The fiscal 2011 defense budget request includes modest but necessary spending increases in line with President Barack Obama’s effort to balance national security with economic needs, the deputy defense secretary told Congress members today. The $708 billion request “reflects the administration’s commitment to modest, steady, and sustainable growth in defense spending,” William J. Lynn [...]
Cybersecurity Seizes More Attention, Budget Dollars
WASHINGTON: Cybersecurity is seizing more attention and budget dollars from the Defense Department at a time when China’s alleged cyber attack on Google has underscored the urgency of the threat and the vulnerability of U.S. networks. The Pentagon’s second-ranking official described cyber threats as his top worry, and a chorus of other defense and government [...]
Comptroller Lists Priorities for Budget Request
WASHINGTON: Defense Department officials are working to cut extraneous and wasteful programs, despite a requested modest increase for the fiscal 2011 budget, the department’s chief financial officer said. During a Feb. 2 “DoDLive” bloggers roundtable, Robert F. Hale, undersecretary of defense, comptroller, provided a summary of the department’s proposed budget for fiscal 2011, listing four [...]
Obama Trims Wasteful Spending on Defense Budget
WASHINGTON: Though the Defense Department is exempt from a proposed federal spending freeze, President Barack Obama said wasteful defense spending has been trimmed from the $3.83 trillion fiscal 2011 budget he submitted to Congress today. Discussing the budget proposal at the White House, Obama said his push for a three-year discretionary federal spending freeze to [...]
