Defense Financial Highlights

Budget: America First – A Budget Blueprint to Make America Great Again

Wednesday, March 22nd, 2017

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Estimate #1—FY 2017 Appropriations Request: Department of Defense to rebuild the U.S. Armed Forces and accelerate the campaign to defeat the Islamic State of Iraq and Syria, and Department of Homeland Security for urgent border protection activities.—3/16/17
Source: https://www.whitehouse.gov/omb/budget

Reference Material:
America First – A Budget Blueprint to Make America Great Again https://www.gpo.gov/fdsys/pkg/BUDGET-2018-BLUEPRINT/pdf/BUDGET-2018-BLUEPRINT.pdf
 

HR 1301 Department of Defense Appropriations Act, 2017

Monday, March 20th, 2017

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STATEMENT OF ADMINISTRATION POLICY
H.R. 1301 — Department of Defense Appropriations Act, 2017
(Rep. Frelinghuysen, R-NJ)

The Administration supports House passage of H.R. 1301, making appropriations for the Department of Defense for the fiscal year (FY) ending September 30, 2017, and for other purposes. The bill funds critical national security needs.

https://www.whitehouse.gov/the-press-office/2017/03/07/hr-1301-department-defense-appropriations-act-2017

From Congressional Budget Office: Options for Reducing the Deficit: 2017 to 2026

Friday, February 17th, 2017

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CBO periodically issues a volume of options—this year’s (2016) installment presents 115—that would decrease federal spending or increase federal revenues over the next decade.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public—which has more than doubled relative to the size of the economy since 2007—and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass. To help inform lawmakers, CBO periodically issues a compendium of policy options that would help to reduce the deficit. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options.

Read more about the summary  |  View the full report (PDF)  |  Budget Options

Trends in Spending by the Department of Defense for Operation and Maintenance – January 2017

Friday, February 17th, 2017

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The Department of Defense’s (DoD’s) budget consists of appropriations for the following purposes: compensating military personnel; developing and purchasing weapons; building bases, facilities, and housing; and supporting day-to-day operations. The largest single appropriation category in DoD’s base budget is the operation and maintenance (O&M) account, which funds day-to-day operations ranging from health care to equipment maintenance.

You can find the full PDF here
 

The Auditor General of the Army

Friday, February 17th, 2017

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Mr. Randall L. Exley, retired as the Auditor General of the Army and Ms. Anne L. Richards is welcomed new Auditor General of the Army. 

On 31 December 2016, The Auditor General of the Army, Randall L. Exley, retired after 45 1/2 years of Federal service. On 15 December 2016 he was honored with a retirement ceremony at Fort Belvoir, VA, hosted by the Honorable Patrick J. Murphy, Under Secretary of the Army.

Read the full article

On 9 January 2017, Ms. Anne L. Richards was sworn in as The Auditor General of the U.S. Army at the U.S. Army Audit Agency's Operations Center on Fort Belvoir, Virginia. Prior to assuming the duties of The Auditor General, Ms. Richards was the Assistant Inspector General for Inspections and Evaluations with the U.S. Department of Homeland Security's Office of the Inspector General. Read the full article
 

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