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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.
For the 2011 fiscal year, the president's base budget for the Department of Defense and spending on overseas contingency operations totaled $664.84 billion. [80] [81] When the budget was signed into law on 28 October 2009, the final size of the Department of Defense's budget was $680 billion, $16 billion more than President Obama had requested ...
(The Center Square) – Congress passed an $895 billion Defense authorization bill that includes a 14.5% pay raise for junior enlisted troops and a 4.5% increase for all other service members.
The basic pay rate for both Academy and non-active duty ROTC cadets and midshipmen is $1,272.20, effective 1 January 2023, which is "the monthly rate equal to 35 percent of the basic pay of a commissioned officer in the pay grade O–1 with less than two years of service." [46] [20] [45]
The spending called for represents about a 3% increase from the prior year. The bill serves as a blueprint for programs Congress will seek to fund through follow-up spending bills.
December 13, 2023 at 7:39 PM. WASHINGTON (AP) — The Senate passed a defense policy bill Wednesday that authorizes the biggest pay raise for troops in more than two decades, but also leaves ...
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%.
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).