Pentagon seeks $526 bn for 2014
US President Barack Obama has proposed a USD 526.6 billion base budget for the country`s defence department in fiscal year 2014.
Washington: US President Barack Obama has proposed a USD 526.6 billion base budget for the country`s defence department in fiscal year 2014, as the Pentagon struggles to provide funds for its strategic rebalance to the Asia Pacific amid mandatory budget cuts.
The request keeps defence spending at about the same level as in 2013, which would pay for personnel, weapons research and development, procurement and operation and maintenance of the military.
It doesn`t include war cost in Afghanistan and mandatory budget cuts known as sequestration, which could be over USD 100 billion combined.
"This budget made important investments in the president`s new strategic guidance -- including rebalancing to the Asia-Pacific region and increasing funding for critical capabilities such as cyber, special operations, and global mobility," said Defence Secretary Chuck Hagel.