CBO: Statutory budget caps limit Pentagon base budget to $550B, $563B in FY-20, FY-21

By Jason Sherman / August 15, 2018 at 3:43 PM

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The Pentagon's fiscal years 2020 and 2021 base budget allocations will total $550 billion and $563 billion respectively -- dramatically below Trump administration plans -- if discretionary spending caps required by the 2011 Budget Control Act for those two years are not adjusted, according to a new report from the Congressional Budget Office. The CBO, in a Aug. 15 report on the effects of statutory spending caps for each fiscal year through 2021 , estimates the revised spending caps for...

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CBO: Statutory budget caps limit Pentagon base budget to $550B, $563B in FY-20, FY-21

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CBO: Statutory budget caps limit Pentagon base budget to $550B, $563B in FY-20, FY-21

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