A new McAleese & Associates report says the Biden administration proposed a $769 billion budget for non-defense domestic programs for fiscal year 2022, a 16 percent increase over enacted FY 2021 spending levels, plus $753 billion for the Department of Defense and national security programs, up 1.7 percent from current funding levels.
Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, reported that the departments of Education, Health and Human Services and Housing and Urban Development accounted for roughly 60 percent of the proposed domestic funding boost.
McAleese noted that the White House’s budget request supports DOD initiatives to address national security threats from China, modernize nuclear deterrence capabilities, build ships and long-range weapons systems and maintain warfighter readiness. He added the Biden administration seeks to discontinue the overseas contingency operations account and roll OCO funds, amounting to $69 billion in FY 2021, into the potential $715 billion topline Pentagon budget for the next fiscal year.
“The pursuit of our national security interests requires investments that target and align our priorities and capabilities to address the constantly evolving and dynamic threat landscape,” said Defense Secretary Lloyd Austin (2021 Wash100 Award recipient).
Do you have two minutes to vote for your favorite executives in the GovCon sector?
Visit Wash100.com to cast a vote for your ten favorite executives across the government, federal and GovCon sectors. Each vote is an act of support for the executives in the GovCon space that deserve to be recognized for their leadership, reliability, innovation thinking and vision for companies and agencies, and the collective goal to drive the GovCon sector forward together. Cast your TEN votes now before April 30th to ensure your votes are counted in time.