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As of 11 March 2024 the US Department of Defense fiscal year 2025 (FY2025) budget request was $849.8 billion. [a] On 20 December 2024 the House approved a Continuing Resolution to fund DoD and DoE operations at the FY2024 levels until 14 March 2025, at which time the Appropriations process for the NDAA is to be revisited by the 119th Congress. [4]
The James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (NDAA 2023) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for fiscal year 2023. Analogous NDAAs have been passed annually for over 60 years.
Major categories of FY 2022 spending included: Medicare and Medicaid ($1.339T or 5.4% of GDP), Social Security ($1.2T or 4.8% of GDP), non-defense discretionary spending used to run federal Departments and Agencies ($910B or 3.6% of GDP), Defense Department ($751B or 3.0% of GDP), and net interest ($475B or 1.9% of GDP).
The United States spends more on defense than the next 10 highest-spending countries combined. Defense accounts for half of America's discretionary spending and 15% of total federal spending.
A recent analysis by the Congressional Budget Office projected that federal spending on debt interests alone would reach $870 billion in 2024, which is not only a 32 percent increase from 2023's ...
Congress passed the $858 billion National Defense Authorization (NDAA) on Dec. 15, and the bill is now headed to President Joe Biden's desk. Government Shutdown: Framework for 2023 Spending Bill In...
The Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2023 was an appropriations bill in the 118th U.S. Congress. The House bill, HR 4366, with a $155.7 billion appropriation, [1] was passed by the House on July 27, 2023.
The Senate passed an emergency spending bill Thursday to provide billions of dollars in funding for the Department of Veterans Affairs (VA), as officials warn that benefit payments for veterans ...