Biden’s defense budget aims to put the brakes on China, gives troops 2.7% increase

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Members of the National Guard march through the Dirksen Senate Office building on Capitol Hill in the final days of their deployment following the January 6 riots at the Capitol in Washington, United States on May 23, 2021. REUTERS / Sarah Silbiger

US President Joe Biden’s Defense Department’s $ 715 billion budget includes a 2.7% pay hike for troops and shifts billions of dollars in spending from old systems to help pay for modernizing the arsenal nuclear in order to deter China.

The FY2022 defense spending request, which was sent to Congress on Friday, invests in troop readiness, space, the Pacific Deterrence Initiative to counter China’s military build-up in Asia and nuclear weapon technology.

The budget request would buy warships and jets, and pay for maintenance and salaries. An additional $ 38 billion is earmarked for defense-related programs at the Federal Bureau of Investigation, the Department of Energy and other agencies, bringing the national security budget to $ 753 billion, an increase of 1.7% compared to the 2021 figure.

There is also money to further develop and test hypersonic weapons and other “next generation” systems as the military aims to develop capabilities to counter Russia and China. Read more

Presidential budget requests, including those for the military, are usually a starting point for negotiations with Congress, which ultimately decides how funds are spent.

The proposed salary increase for military and civilian workers in the Department of Defense follows a 3% increase for fiscal year 2021, which ends September 30.

More than $ 5 billion will be spent on the Pacific Deterrence Initiative, created to counter China and focusing on competition in the Indo-Pacific with the aim of boosting U.S. preparedness in the region by funding radars, satellites and missile systems. Specifically, the Pentagon plans to increase its investment in missiles like Raytheon Technologies (RTX.N) Tomahawk and Standard Missile 6 to keep China at bay.

Tensions with an increasingly assertive China are on the minds of American military planners. Beijing last week accused the United States of threatening the peace and stability of the Taiwan Strait after a US warship once again crossed the sensitive waterway.

To pay for this change and things like a $ 112 billion research budget, the Pentagon is looking to divest some of its older equipment with higher maintenance costs.

The divestment of the military, navy and air force will total $ 2.8 billion in fiscal year 2022.

The retirements include four Littoral combat ships, 42 A-10 aircraft, which provide close air support to ground troops, as well as 14 KC-10 and 18 KC-135 aircraft in air-to-air refueling fleets.

Fewer M1 Abrams tanks manufactured by General Dynamics (GD.N) will be purchased, dropping from 102 to 70 in fiscal year 2021.

Among the Pentagon’s competing priorities, the Biden administration has requested 85 F-35 stealth fighter jets manufactured by Lockheed Martin (LMT.N). The 2021 and 2020 presidential budgets called for 79 and 78 jets, respectively, but Congress eventually authorized additional fighters. Senators and governors have come to support the jet, which has a huge industrial base. Read more

The request increases funding for the US Space Force from $ 2 billion to $ 17.4 billion, but the US Navy’s shipbuilding request was for eight new warships against a plan for 12 under former President Donald Trump.

Despite shaving numbers from older systems, the Biden administration will invest $ 27.7 billion in modernizing America’s nuclear triad of land-launched nuclear missiles, submarines armed with nuclear missiles and aircraft equipped with nuclear missiles. nuclear bombs and missiles.

The budget includes $ 617 million to prepare for, adapt and mitigate climate change.

Our Standards: Thomson Reuters Trust Principles.



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