The White House Office of Management and Budget said today that the Biden administration intends to submit its fiscal year 2024 budget proposal on March 9.
The date was included in a White House memo distributed to the media in advance of a Wednesday meeting between Biden and House Speaker Kevin McCarthy (R-CA).
The FY-23 defense topline was set at $858 billion, or $45 billion more than Biden initially requested. Many Republicans have called to continue the surge in defense funding but there is debate among some in the GOP who want to slash government spending.
Meanwhile, Pentagon Comptroller Mike McCord told Inside Defense in a December interview that investments in munitions, especially those that will help Ukraine continue to beat back a Russian invasion and could help Taiwan deter China, will be one of the “key themes” for the FY-24 budget submission.