The Biden administration proposed a new defense budget on Monday that seeks to increase spending to confront “constantly emerging” threats from North Korea and other challenges, according to the U.S. Department of Defense.
The $773 billion budget for fiscal year 2023 was submitted to Congress and includes nearly $56.5 billion for air power platforms and systems, more than $40.8 billion for sea power capabilities, nine battle force ships and some $12.6 billion to modernize Army and Marine Corps fighting vehicles, the Pentagon announced in a statement.
The Biden administration proposed a new defense budget on Monday that seeks to increase spending to confront “constantly emerging” threats from North Korea and other challenges, according to the U.S. Department of Defense.
The $773 billion budget for fiscal year 2023 was submitted to Congress and includes nearly $56.5 billion for air power platforms and systems, more than $40.8 billion for sea power capabilities, nine battle force ships and some $12.6 billion to modernize Army and Marine Corps fighting vehicles, the Pentagon announced in a statement.
Become a member for less than $4 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.