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Congress

CBO Projects Defense Costs To Rise In Decade Following 2025

By Cal Biesecker

Wednesday, September 9th, 2020

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CBO Projects Defense Costs To Rise In Decade Following 2025

Aerial of the Pentagon, the Department of Defense headquarters in Arlington, Virginia, near Washington DC, with I-395 freeway on the left, and the Air Force Memorial up middle.

The Pentagon’s spending plans are relatively flat adjusted for inflation for remainder of its five-year budget program that begins in fiscal year 2021 but in the decade leading to 2025 the budget will have to grow faster than inflation to keep up with current plans, the Congressional Budget Office (CBO) estimates in a new report. Between fiscal years 2022 and 2025, the Defense Department projects requesting about $707 billion annually, adjusted for inflation, which is the last four years of…

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