Analysts say inflation will be higher in FY-24 than Army projects, but what will take the biggest hit in the budget?

By Dan Schere / March 17, 2023 at 11:37 AM
There is general agreement that the Army has less buying power in its fiscal year 2024 budget request compared with the FY-23 enacted budget. But analysts believe inflation will be higher than the Defense Department's projection of 2.4%. The Army’s FY-24 request of $185.5 billion is about 0.2% higher than the service’s enacted FY-23 budget. Maj. Gen. Mark Bennett, the Army’s budget director, told reporters this week that this represents a real growth rate of -2.1%, which is based on...

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