If sequestration, created by the Budget Control Act of 2011 (BCA) remains in place over the next decade, the Department of Defense (DoD) budget may drop as much as $415 billion, according to a report issued by the Center for Strategic and Budgetary Assessments (CSBA).
The report — entitled “Chaos and Uncertainty: the Fiscal 2014 Defense Budget and Beyond” — estimates that the military’s authorized procurement level would fall to $62 billion on an annual basis.
The report’s author concludes: “Now that sequestration has gone into effect and the deepest part of the decline from FY 2012 to FY 2013 has already occurred, the BCA budget caps may be more of a ceiling than floor in the coming years.”
To download a full copy of the report, click here.
To view presentation slides about the report, click here.