2012 Defense Budget Cuts
FY 2012 Defense Budget Cuts are likely to affect military capabilities needed for current operations and future challenges. The 2012-2013 Defense Budget reflects proposed cuts including terminations and the restructuring of vital acquisition programs. According to Pentagon figures, the military’s currently planned defense cuts account to $400 billion, or about 7 percent of the Pentagon’s military spending over the next 12 years.
Defense Budget Breakdown FY 2012
The Fiscal Year 2012 DoD Budget includes funding the of Department of Defense related U.S. security interests and reflects the military requirements of Secretary of Defense Robert Gates (recently replaced by Defense Secretary Leon Panetta)– which is to ensure that every defense dollar is invested to achieve the greatest security value. Most Cuts will not be experienced until 2013 or 2014.
The FY 2012-2013 DoD proposals include a shift towards a greater focus on cost saving reforms for the Defense Department’s overall organization, infrastructure, and budgetary processes. The 2012 Defense Budget details many cost savings initiatives directed at legacy programs whose termination is expected to be implemented according to regularly Planned DoD Cuts throughout the FY 2012 – FY 2013 timeline.
DoD Defense Budget Request FY 2012-2013
President Obama’s FY 2012 Department of Defense (DoD) budget request was submitted in February which includes the overall proposed 2012-2013 Defense Budget. Specific details are provided for program acquisition costs by weapons system book, as well as major DoD acquisition programs including aircraft, ground forces programs, shipbuilding, and space systems, etc. See all 2012 – 2013 Per Diem Rates for Federal travel.
2012 Defense Budget Status
September 8, update: the Senate’s spending committee reduced by $26 billion the pending fiscal 2012 defense budget by $26 billion, which was the first installment of perhaps as much as $400 billion in overall defense cuts that the Pentagon will face through 2024.