Historical Defense Budgets

Note: On March 11, 2024, the Biden-Harris Administration submitted to Congress a proposed Fiscal Year (FY) 2025 budget request of $849.8 billion for the Department of Defense (DoD), consistent with the caps approved by Congress under the Financial Responsibility Act (FRA) of 2023. On August 1, 2024 the Senate Appropriations Committee approved its fiscal 2025 defense spending bill, funding the Defense Department at $852.2 billion. Though approved unanimously, the bill still has to be reconciled with the House’s version of the Pentagon funding legislation, which authorized $833 billion in total funding. The proposed 3.3% increase in defense spending suggests that the bipartisan agreement on spending caps might be falling apart.

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