Budget preview slated for Friday

By Tony Bertuca / April 7, 2021 at 2:47 PM

The White House will be releasing toplines for President Biden's discretionary funding request for fiscal year 2022 on Friday, according to the Office of Management and Budget.

A more detailed budget request is expected later this spring.

The total FY-22 amount for U.S. defense, which includes DOD and the Energy Department, and other agencies, is expected to be flat when compared to the $740.5 billion requested for FY-21.

Government officials and analysts for weeks have anticipated the Pentagon's individual FY-22 topline will be between $704 billion and $708 billion, or a decrease of about 2% when adjusted for inflation. However, the topline is subject to change as OMB and DOD have been negotiating for several weeks.

Republicans have been calling for a total FY-22 defense increase of 3% to 5% above the rate of inflation, while some liberal Democrats are arguing for a 10% cut.