9/28/2023 0 Comments Us budget breakdown![]() ![]() And we owe it to the brave men and women who serve to take care of our people and their families. The United States has the strongest military in the world because we have the best team in the world. And this year's budget also increases funding to continue modernizing all three legs of our nuclear triad to maintain a safe, secure, and effective strategic deterrent against advanced and persistent threats around the world. That includes working closely with Congress to secure multi-year procurement authorities-and allow us to meet the needs of tomorrow. We are also investing in resiliency in key parts of the defense supply chain to ensure stability in the industrial base's ability to produce what the Joint Force needs. It also enables groundbreaking posture initiatives in Guam, Mariana Islands, the Philippines, Japan, and Australia. This budget includes the largest ever request for the Pacific Deterrence Initiative, which we are using to invest in advanced capabilities, new operational concepts, and more resilient force posture in the Indo-Pacific region. ![]() To sustain our military advantage over China, it makes major investments in integrated air and missile defenses and operational energy efficiency, as well as in our air dominance, our maritime dominance, and in munitions, including hypersonics. Among numerous important actions that bolster our combat credibility in the short term, this budget makes the Department's largest-ever investments in readiness and procurement – and our largest investment in research and development. This budget seeks to meet this critical challenge today, tomorrow, and into the future by providing the resources today to continue to implement our National Defense Strategy and keep our nation safe while delivering a combat credible Joint Force that is the most lethal, resilient, agile, and responsive in the world.Īs the PRC races to modernize its military, this budget will sharpen our edge by making critical investments across all timeframes, theaters, and domains. And as our National Defense Strategy makes clear, the People's Republic of China (PRC) is our pacing challenge. "The FY 2024 budget is the most strategy-driven request we've ever produced from the Department of Defense. Austin III on the President's Fiscal Year 2024 Budget Statement by Secretary of Defense Lloyd J.
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