The Pentagon’s $705.4 billion budget proposal for the next fiscal year would boost funding for nuclear weapons systems including intercontinental ballistic missiles, submarines and F-35 jets as well as providing more money for emerging technology research and the Space Force, APA reports citing Bloomberg.
The budget proposal for the fiscal year starting Oct. 1, to be submitted to Congress on Monday, is mostly flat compared with the $712.6 billion plan approved for this year. But it shifts that funding in ways that signal President Donald Trump’s evolving priorities.
The budget details are part of the Pentagon Comptroller’s 134-page overview obtained by Bloomberg News in advance of its formal release.
The budget plan, which forms a base for discussions with Congress, includes a $15.3 billion “transitional budget,” transferred from the Air Force to the new Space Force, that “includes space-related weapons systems and operations,” sustainment, support and civilian support costs. That’s up from $40 million this fiscal year.
Trump has repeatedly touted increased military funding as one of his key successes heading into the 2020 election, most recently in his State of the Union speech in which he said he raised military spending by $2.2 trillion since taking office.
Under the latest proposal, $10.3 billion of the $15.3 billion for the Space Force, the sixth U.S. military service, is for research, development, test and evaluation of systems, with $2.4 billion for procurement and $2.6 billion for operations and maintenance, according to the overview.
Overall, the defense budget includes $637 billion in base spending and an additional $69 billion for operation.