Navy faces 3.5 percent cut in FY-17 budget request topline numbers

By Lee Hudson / February 9, 2016 at 1:30 PM
The Navy faces a 3.5 percent cut in its fiscal year 2017 budget request topline compared to the previous year, according to a service official. The service is requesting $155.4 billion in its base budget and $9.5 billion in wartime funding, the official said. In FY-16 the service set aside $161 billion in base funding and $7 billion in its Overseas Contingency Operations account. More specifically the Navy is requesting in FY-17 $44 billion for it procurement account, $17.3 billion...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.