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Friday, February 23, 2024

USA. The House of Representatives passed its version of the defense budget – a record amount

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The US House of Representatives on Thursday passed its version of its defense budget for fiscal 2023 at a record $ 810 billion. That’s 37 billion more than President Joe Biden’s project foresaw.

The National Defense Authorization Act (NDAA) was passed by a vote of 329: 101. Opponents of the act argued that such high defense spending depleted funds allocated to social programs and humanitarian aid to other countries.

The version of the bill must be passed by the Senate, after which both houses must agree on its final text, which will be put to the vote again in both houses, before the bill is sent to the president for signature.

The Senate version will likely envisage even more defense spending. The Senate Committee on Armed Forces has already backed $ 45 billion in excess of the president’s project ($ 773 billion).

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The defense budget should be adopted before October 1

The defense budget should be adopted before the beginning of the next financial year, which in USA starts on October 1.

The fate of the annually passed NDAA law is closely watched by the arms industry and other interest groups, as it determines the amount of expenditure for the entire defense sector, from the purchase of new ships and aircraft, to wages in the armed forces, and ending with geopolitical threats, especially in the context of the current invasion Russia to Ukraine.

The version of the act passed by the Chamber limits, for example, the possibility of selling Turkey F-16 fighters, although the country belongs to FOR THIS. It also abolishes the expenses related to the war in Iraq. The increase in wages in the armed forces was set at 4.6 percent.

Main photo source: Christian Bruna / EPA / PAP



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