Non-Subscriber Extract
Huge increase in US defence spending
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| 05 February 2002 |
The US DoD is requesting a massive increase in defence spending for Fiscal Year 2003 and all signs point to future calls for further increases.
In its annual budget request to Congress, the DoD asked for $379 billion for FY03, a $38 billion increase on last year, plus an additional $10 billion "war reserve" for contingencies.
The funds are needed, Secretary of Defense Donald Rumsfeld said, to fight the war on terrorism, make up for inadequate procurement of military equipment over the past decade and fund 'transformation' of the armed services.
None of the major procurement programmes has been cancelled.
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