Trump seeks $33 billion hike in US DoD budget
The US DoD would receive $718 billion in FY2020, a $33 billion or 5% increase from the FY2019 enacted level, under the Trump administration’s newly unveiled budget proposal to Congress.
The administration said the budget would continue its efforts to enhance the military’s lethality and readiness to counter growing threats from China, Russia and elsewhere. While DoD procurement would receive $143 billion, down $4 billion from FY2019, the department’s research and development would get a $9 billion boost, to $104 billion.
‘The budget provides the necessary resources for DoD to defend the homeland, remain the preeminent military power in the
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
Rheinmetall vehicle sales almost double as European companies see continued growth
Results for Q1 2025 have been strong across the board for many defence companies in Europe with forward-looking statements and predictions for the full year also looking good.
-
Why is the defence market “exploding exponentially” for autonomous targeting capabilities?
Solutions that identify, engage and destroy targets with minimal or no human intervention are becoming critical on tomorrow’s battlefield.
-
Companies post mostly rosy results but warn of potential dark clouds
First quarter 2025 results have been dropping for companies in the past week but many of the US results come with a health warning in their forward-looking aspects about the potential impact of actions by the Trump administration.
-
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.