Generic selectors
Exact matches only
Search in title
Search in content

With inflation now at 7.5%, the Defense Department is being squeezed. Former budget official Maj. Gen. John Ferrari (U.S. Army, ret.), senior fellow at the American Enterprise Institute, recommends a topline defense budget of $816 billion for fiscal year 2023.

  • Ferrari said the needed service member pay raise and effect of inflation on the operating accounts funding readiness lead to approximately this number.
  • He said he recommends a 7% pay raise but that initial reporting from the Office of Management and Budget suggests it will be around 4.6%, which will not cover inflation.
  • Ferrari said an additional $20 billion for force readiness would keep it the same with rising costs of fuel and spare parts.

Sponsored Content

Federal Modernization: Aligning AI with Agency Missions

Watch Federal Modernization: Aligning AI with Agency Missions on demand, sponsored by Empower AI
More
October 2022
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
Where to Watch
  • Weeknights at 8 PM and 10:30 PM on WJLA 24/7
  • Sunday Mornings at 10:30 AM on 7News
  • AFN American Forces Network
    Worldwide on American Forces Network
Our Brands