The United States plans to increase defense spending by 3.2% to $842 billion in fiscal 2024. TASS referring to the draft US federal budget for the next fiscal year.
According to the document, $842 billion is planned to be allocated for defense needs, “$26 billion, which is 3.2% more than in 2023.”
previously Reuters registeredFor the first time since the beginning of his presidency, US President Joe Biden will have to pass the budget through Congress, where the House of Representatives is controlled by the Republican opposition, with his vision of budget policy.
Bloomberg Wrotethat the spending program proposed by the presidential administration will be one of the largest military budgets in peacetime. At the same time, the US Congress approved the military budget at only $816 billion.
British Prime Minister Rishi Sunak is also expected to visit the USA will announce about increasing the country’s defense spending by five billion pounds (more than 6 billion dollars – socialbites.ca).