The Biden administration is asking Congress for $842 billion for DOD in fiscal year 2024, according to budget request documents released Thursday. That would be about 3% higher than the defense spending level in the current fiscal year.
Some of the increased funding would go to programs countering China and a 5.2% pay raise for service members and DOD civilian workers, CQ noted. It would be the biggest hike in basic military pay since 2002.
The Biden budget plan totaling almost $7 trillion lays the groundwork for House Republicans to introduce their own version. Several Republican and Democratic lawmakers appearing at this week’s Defense Communities National Summit said they expect Congress to once again increase defense spending.
Army photo by Staff Sgt. David N. Beckstrom