DOD likely needs another $1.8B to address spiking fuel costs in FY-22

By Tony Bertuca / April 27, 2022 at 1:29 PM
Pentagon Comptroller Mike McCord said today that although Congress provided the Defense Department with a $1.5 billion funding increase in fiscal year 2022 to cover an ongoing spike in global fuel prices, DOD will need an additional $1.8 billion for FY-22 to make up the final funding shortfall. “Fuel is our most volatile and the most easily recognizable price increase when prices change,” he told the House Budget Committee. “This year, in FY-22,” McCord said, “we have already seen a...

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