Pentagon to Keep 2006 Spending Power With Cuts, CBO Says
July 12, 2012
The Pentagon's basic budget for next year will be larger than in 2006 when adjusted for inflation even if automatic budget cuts take effect, according to the Congressional Budget Office.
The Department of Defense's $526 billion request for fiscal 2013, not including war spending, reflects a reduction of $45 billion from previous plans. If automatic cuts known as sequestration take effect in January, the funding would be further reduced to $469 billion, the nonpartisan CBO said in a report released yesterday.
"Accommodating those automatic reductions could be difficult for the department to manage because it would need to be achieved in only nine months -- between the cuts taking effect and the end of the fiscal year," the congressional budget analysts wrote. "Even with that cut, however, DoD's base budget in 2013 would still be larger than it was in 2006," when calculated in 2013 dollars.