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You are here: Home / Government Contracting News / Pentagon seeks $60 billion increase for FY16 budget

November 18, 2014 By AMK

Pentagon seeks $60 billion increase for FY16 budget

As the White House and Pentagon pass drafts of the fiscal 2016 defense budget back and forth before submitting it to Congress early next year, the base budget request possibly could exceed Congressionally-mandated spending caps by as much as $60 billion, according to a former defense official with knowledge of the discussions.

Administration and defense officials have said for months that the 2011 Budget Control Act (BCA), which limits how much the Pentagon can spend, wouldn’t fully constrain the 2016 request. But a source with knowledge of a meeting between President Barack Obama and the Joint Chiefs of Staff said the chiefs have pushed for an increase of $60 billion over the $535 billion cap for defense, with another $10 billion for Department of Energy programs.

While the number might appear high, Pentagon and administration plans to push past the cap are no surprise.

Keep reading this article at: http://www.defensenews.com/article/20141116/DEFREG02/311160020

Filed Under: Government Contracting News Tagged With: budget, Budget Control Act, CBO, DoD, spending

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