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...
