The Insider

CBO: Defense spending rose 6 percent in first quarter of FY-19

By John Liang  
January 8, 2019 at 3:45 PM

Defense spending rose by $9 billion in the first quarter of fiscal year 2019 compared to the same quarter the previous year, according to the Congressional Budget Office.

"Spending for military programs of the Department of Defense rose by $9 billion (or 6 percent), mostly for operation and maintenance activities," CBO's "Monthly Budget Review for December 2018," released today, states.

The overall federal budget deficit was $317 billion for the first quarter of FY-19, according to the CBO report, "$92 billion more than the deficit recorded during the same period last year. Revenues were about the same and outlays were $93 billion (9 percent) higher than during the first quarter of 2018."

Read the full report here.

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