The United States Department of Defense (DoD) is planning to increase its budget for fiscal year 2024 to an all-time high of $738 billion. This proposal was recently presented to Congress and it is currently under review.
The proposed budget is an increase of 3.2 percent from the current budget, and it is the largest increase since 2001. It includes funding for an additional 20,000 troops, increased spending on research and development, and new investments in technology and infrastructure.
The budget also includes $80 billion for the Overseas Contingency Operations, which is used to fund operations in Afghanistan, Iraq and other conflict zones. This is an increase of $14 billion from the current budget.
The proposed budget increases funding for missile defense, cyber security and space-based defense. It also includes $2 billion for artificial intelligence and machine learning research and development.
The DoD is also investing heavily in research and development for hypersonic weapons, which are capable of traveling at speeds of more than five times the speed of sound. This technology has the potential to revolutionize warfare.
The proposed budget also increases funding for the nuclear triad, which includes the air, land and sea-based delivery systems for nuclear weapons. The budget includes $18.5 billion for nuclear modernization, which is an increase of $1.5 billion from the current budget.
The budget increases funding for the Joint Strike Fighter program, which is the largest program in the DoD. The budget also increases spending on research and development for hypersonic weapons and directed energy weapons.
Overall, the proposed budget is an effort to modernize the DoD and make sure the US military remains the most advanced in the world. The budget also includes investments in technology and infrastructure to ensure the US is able to respond to any threats in the future. Congress is expected to review the proposal and make any necessary changes before the fiscal year 2024 budget is finalized.