Defense Secretary Lloyd Austin is on Capitol Hill to press Congress to approve the Biden administration’s fiscal 2024 request for the Pentagon, which he calls a “strategy-driven budget” focusing on the country’s strategic competition with the People’s Republic of China.
At $842 billion, the Pentagon’s budget request marks a 3.2% increase over fiscal 2023 and 13.4% increase over fiscal 2022.
The budget request includes a 40% increase to the administration’s Pacific Defense Initiative meant to counter China’s military expansion in the Indo-Pacific region. Mr. Austin said the $9.1 billion will help fund better defenses for Hawaii and Guam, which has emerged as a linchpin for American military operations in the area.
The Defense Department is pushing for $11 billion for a mix of long-range artillery fires, which include what Mr. Austin called “major investments” in hypersonic weapons. While Mr. Austin called it the largest military pay increase in decades, it doesn’t match the current 6% annual inflation rate in the U.S.
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