Long-Term Implications of the 2025 Future Years Defense Program

Congressional Budget Office

No 60665, Reports from Congressional Budget Office

Abstract: CBO analyzes the Department of Defense’s (DoD’s) plans for 2025 to 2029 as presented in the 2025 Future Years Defense Program (FYDP) and projects how those plans would affect defense costs through 2039. The proposed budget for DoD in 2025 totals $850 billion. According to the 2025 FYDP, DoD’s budget would climb to $866 billion (when adjusted for inflation) by 2029, a total increase of 1.9 percent from 2025. CBO projects that the cost of DoD’s plans would increase by 11 percent over the 10 years following the FYDP period, reaching $965 billion (in 2025 dollars) in 2039.

JEL-codes: H56 H57 H60 H68 N40 N42 (search for similar items in EconPapers)
Date: 2024-11-20
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