Official Department of Defense budget reports and announcements

Lloyd Austin Recommends $50 Billion Increase in Defense Spending, Targeting $926 Billion for FY26, Pushing Budget Over $1 Trillion

Jan 13, 2025, 09:15 AM

Outgoing Defense Secretary Lloyd Austin has recommended that the U.S. government increase defense spending by approximately $50 billion above current projections for fiscal year 2026. This recommendation would raise the Department of Defense's budget to $926 billion for FY26, with expectations that spending could exceed $1 trillion in subsequent years. Congressional Republicans are reportedly discussing similar increases for both FY25 and FY26 budgets. Austin's proposal, communicated to the Office of Management and Budget, reflects a significant push for enhanced military funding amid ongoing discussions about national defense priorities.