Money May Soon Be Pouring into the Pentagon for Defense Spending
With his recent signing of a defense policy bill, President Donald Trump is attempting to make good on his campaign promise for a stronger military. The question remains whether Congress will free up the purse strings that stand in the way of Trump’s mission.
As your full-service GSA material handling equipment supplier, DJ Products offers a closer look at what this means for the upcoming year.
Will Trump’s Wish Become Reality?
Trump’s initial budget proposal in 2017 called for a base amount of $603 billion for defense spending. Critics argued that it wasn’t nearly enough to fund the military buildup that had been one of Trump’s major campaign promises.
The National Defense Authorization Act (NDAA), which Trump signed in early December, seemingly addresses the discrepancy by authorizing nearly $700 billion.
– $626.4 billion forms the base military budget
– $65.7 billion is allocated for the Overseas Contingency Operations (OCO) war fund
The bill faces a huge roadblock in the form of the Budget Control Act of 2011. That bill caps the base defense budget for 2018 at $549 billion, which is significantly less than the total of the NDAA.
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