WashingtonExec
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
Latest Video:
https://www.youtube.com/watch?v=3_0OGr8ie5g&list=UULFQpADaPZpDb8HwwScpJ2OPQ
Podcast Episodes
LinkedIn Facebook X (Twitter) Instagram YouTube
LinkedIn Facebook X (Twitter) Instagram YouTube
WashingtonExec
Subscribe To The Daily
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
LinkedIn YouTube X (Twitter)
WashingtonExec
You are at:Home»News»Federal Government»DOD Begins New Fiscal Year with Money in Its Coffers
Federal Government

DOD Begins New Fiscal Year with Money in Its Coffers

By Kate WalshOctober 1, 2018
Share
LinkedIn Facebook Twitter Email
President Donald J. Trump Arrives on the South Lawn President Donald J. Trump walks across the South Lawn of the White House Sunday, March 25, 2018, returning home from his trip to New York.
President Donald Trump walks across the South Lawn of the White House Sunday, March 25, 2018, returning home from his trip to New York. (Official White House Photo by Andrea Hanks)

With Oct. 1 marking a new month, the Pentagon is facing an unusual situation: For the first time in 10 years, it’s able to begin a fiscal year with funding in place rather than working under a continuing resolution.

President Donald Trump on Sept. 28 signed the so-called minibus appropriations measure, part of a larger deal of over $850 billion to fund labor, health and human services and education priorities. It also funds priorities spelled out in the 2019 National Defense Authorization Act.

A total of $686 billion is allocated for the Defense Department.

“Today, I signed into law important legislation to rebuild our military, protect our communities, and deliver a better future for all Americans,” Trump said in a statement. The bill, he said, ups defense spending to a record number and includes a 2.6 percent pay hike for troop — the largest raise in nearly a decade.

The funding would also pay for “93 new F-35 Lightning Joint Strike Fighters, 142 Apache and Black Hawk helicopters, and 13 Navy battle force ships—made right here in the USA,” the president said.

The bill also includes:

  • Nearly $1.5 billion toward school safety;
  • $6.7 billion to address substance use and mental health;
  • A $1.3 billion boost for the National Guard and Reserve Equipment Account; and
  • $1.6 billion, annualized, to keep building the border wall

DOD said the bill directly supports the three main lines of effort in the 2018 National Defense Strategy:

Restoring readiness and building a more lethal force;

Strengthening existing alliances while building new partnerships abroad;

Reforming and modernizing our department for greater affordability, accountability and performance

Senate Appropriations Committee Chairman Sen. Richard Shelby, R-Ala., praised the president’s signing of the legislation and called the action “a drastic turnaround” in how the government has been funded in recent years.

“This package continues a historic increase in funding for our nation’s defense, helping the President deliver on his commitment to rebuild the military and keep our Armed Forces the strongest and best trained, equipped, and prepared in the world,” Shelby said in a statement.

The National Defense Industrial Association also applauded the bill’s passage.

“NDIA is pleased the Defense Department will have accurate funding to execute the administration’s security strategies without the looming specter of another continuing resolution, which in the past has left our warfighters inadequately funded and our readiness and modernization levels depleted.”

Related: Non-Defense Vendors Have $15.4 Billion in Trump’s Budget

Previous ArticleTop 10 Cyber Execs to Watch: Darren Death, ASRC Federal 
Next Article A Conversation with 2018 GovCon Award Finalist Sarbari Gupta

Related Posts

WATCH: Director William Lietzau on Establishing DCSA and Leading Transformation Efforts

Wray Varley on the Scalability, Inclusivity of Digital Realty’s Data Center Platform

Top CFOs to Watch in 2023: Cadmus’ Cindy Shephard

Comments are closed.

2023 WashingtonExec Pinnacle Awards are November 16, 2023
Trending

WATCH: Director William Lietzau on Establishing DCSA and Leading Transformation Efforts

September 21, 2023

Wray Varley on the Scalability, Inclusivity of Digital Realty’s Data Center Platform

September 21, 2023

Top CFOs to Watch in 2023: Cadmus’ Cindy Shephard

September 21, 2023

Top CFOs to Watch in 2023: Aeyon’s Jeff Pagano

September 21, 2023

Top CFOs to Watch in 2023: MAXISIQ’ Josh Montgomery

September 21, 2023
Quick Links
  • Executive Councils & Committees
  • Chief Officer Awards
  • Pinnacle Awards
  • Advertise With Us
  • About WashingtonExec
  • Contact

Subscribe to The Daily

Get federal business news & insights delivered to your inbox.

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

Type above and press Enter to search. Press Esc to cancel.