CBO: Pentagon Five-Year Budget Plan $123B Over Expectations

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According to a recent Congressional Budget Office analysis, the Defense Department’s most recent five-year budget plan will run $123 billion, or 5 percent more than expected.

CBO analyzed the Pentagon’s future years defense program and its impact between fiscal years 2013 and 2017, through 2030.

The plan describes the department’s base budgetary plan for normal activities including manning, training, and equipping the military.

Overseas contingency operations, including the war in Afghanistan and other nonroutine military activities, are exempt from the base plan.

According to CBO, the Pentagon will need $53 billion more than was appropriated in 2012 to execute its base budget plans between fiscals 2013 and 2017.

From 2013 to 2030, the department’s top costs would be operations and support services, accounting for around 64 percent of fiscal 2012’s base-budget.

Weapon systems modernization costs are expected to grow from $168 billion in 2013 to $212 billion in 2018, according to the CBO report.

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