Influences within Public Programs Paper: US Defense Budget

 Influences within Public Programs Paper: US Defense Budget Research Paper example
College
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Finance & Accounting
Pages 7 (1757 words)
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Influences within Public Programs: The United States Defense Budget The US defense or military budget is the fraction of the country’s federal budget that is dedicated to defense-related spending, especially by the Department of Defense. The defense budget among other things is used to pay salaries, healthcare, and training of both civilian and uniformed officers, maintain arms, facilities and equipment, fund operations, and purchase new equipment (Government Printing Office, 2011)…

Introduction

Some of these include nuclear weapons research, production, maintenance and cleanup. Across the world, the U.S. is among the greatest spenders in military and defense endeavors. In 2010 fiscal year alone, the U.S. base budget for overseas contingency operations totaled about 664 billion U.S. dollars. The budget however reached 680 billion USD when it was finally enacted into law in October 2009 (US Federal Budget, 2012). Additionally, a supplemental budget of about $37 billion USD was organized in the same financial year. The federal government recently announced budget cuts running to billions of U.S. dollars over a span of ten years. One of the most affected sectors in this respect is defense. According to President Obama, a new military strategy will see a cut of close to 487 billion U.S. dollars in the next decade (Jay, 2012). The strategy will include limiting pay rises for military officers, the closure of a number of military bases in the U.S., and a rise in health insurance fees for retired military officers. Factors that Have Contributed to Proposed Budget Cuts One of the main factors that have contributed to the defense budget cuts relates to the country’s debt. ...
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