WASHINGTON - The US President Joe Biden administration is proposing a $842 billion Pentagon budget for 2024 that boosts spending on new drones, combat jets, hypersonic missiles, and submarines.

That’s up roughly $25 billion—about 3 percent—from the $817 billion appropriated four months ago for the current fiscal year, but the real change will depend on this year’s inflation rate.

The spending plan, announced on Thursday, highlights how Pentagon’s priorities are shifting in response to China’s weapons developments. Pentagon officials are expected to hold briefings about the 2024 spending plan on Monday, when more detailed budget justification documents are sent to Congress.

“The budget prioritizes resources for critical investments enabling the [Defense] Department to continue implementation of the National Defense Strategy, including building the right mix of capabilities to defending against current and future threats,” Defense Secretary Lloyd Austin said in a statement.

In addition to China, which the administration calls the “pacing challenge,” the budget request also takes a number of steps to counter Russia.

“It outlines crucial investments to out-compete China globally and to continue support for Ukraine in the face of unprovoked Russian aggression,” Biden wrote in his “budget message” to Congress.

The budget proposal is sure to face resistance from House Republicans who have criticized the record-high defense spending of recent years and the transfer to Ukraine of billions of dollars in American weapons and aid.

But other Republicans were quick to call the proposed increase too small. Rep. Rob Wittman, R-Va., said in a Thursday statement that the Biden administration proposal “displayed indifference and weakness toward our national security.”

 

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