On March 9, 2023, the Biden-Harris Administration submitted to Congress a proposed Fiscal Year (FY) 2024 Budget request of $842 billion for the Department of Defense (DoD), an increase of $26 billion over FY 2023 levels and $100 billion more than FY 2022. The FY 2024 Defense Budget is driven by strategy and provides us with the capabilities and investments to advance the Secretary’s three key priorities: defending the nation, taking care of our people, and succeeding through teamwork.
The FY 2024 President’s Budget allows the DoD to invest in capabilities that will ensure we maintain a ready, lethal, and combat-credible joint force with a laser focus on China as the Department’s pacing challenge and addressing the acute threat posed by Russia. The budget makes critical investments to revitalize the defense industrial base, drive innovation, and take care of our people. The FY 2024 budget request once again includes a record investment in research, development, test, and evaluation (RDT&E) of $145 billion. This budget also funds $170 billion for procurement, the largest in history. Combined, these investments will ensure combat-credible forces across all domains.