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Transformation of the US Federal Budget Expenditures on National Defence for the 2017-2022 financial years
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Transformation of the US Federal Budget Expenditures on National Defence for the 2017-2022 financial years
Annotation
PII
S207054760017780-5-
DOI
10.18254/S207054760017780-5
Publication type
Article
Status
Published
Authors
Svetlana Babich 
ORCID: 0000-0002-6433-6721
Occupation: Senior research fellow
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 4
Abstract

The article features a brief evaluation of the US military power based on the current level of expenses on defense.  A multifaceted analysis of the structure of the US military budget and its transformation during D. Trump’s and J. Biden’s administrations is presented, as well as its potential impact on the national debt and budget deficit of the US. The article argues that military spending remained a priority in federal budget expenses during Trump’s presidency and continues to remain one of the most crucial budget priorities for J. Biden’s administration. 

The US reallocations of the military budget towards such expenses as “Research and Development” “Operation and Maintenance” which the Trump administration put into action allowed to continue the process of optimizing military forces to increase its combatant efficiency while limiting the burden of these expenses on US economy. The same practice is being conducted by J. Biden’s administration.

The course of cutting taxes, while increasing defense spending during D. Trump lead to a 5-times increase of the budget deficit and a significant increase of the national debt, its 5 year payments will likely exceed the size of the US defense budget.

The author concludes that Joe Biden’s administration is facing a challenging objective of supporting the economy's recovery after the Covid-19 pandemic and stabilizing the federal budget deficit, as well as national debt level. 

 

Keywords
federal budget defense outlays, structure of the US defense budget, D.Trump, Joseph Biden, proposed budget by category, mandatory and discretionary spending, federal debt, budget deficit, budget priorities, coronavirus COVID-19
Acknowledgment
The paper is written under financial support of the Russian Foundation of Basic Research. Project #19-014-00007 «Evolution of Government’s Role in American Economic Model in XXI Century: Application to Russian Practice»
Received
29.10.2021
Date of publication
16.12.2021
Number of purchasers
11
Views
1284
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0.0 (0 votes)
Previous versions
S207054760017780-5-1 Дата внесения правок в статью - 16.12.2021
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References

1. The Military Balance 2021. IISS. 25 of February 2021. https://www.iiss.org/press/2021/military-balance-2021. (accessed 15, September 2021)

2. SIPRI 2021 Military Expenditure Database /http://milexdata.sipri.org, SIPRI Yearbook 2021. SIPRI/https://www.sipri.org/databases/milex//Military expenditure by country as percentage of gross domestic product, 1988-2020

3. Babich S.N. Glava 9. Voennye raskhody SShA v kontse KhKh – pervoj chetverti KhKhI veka. Rossijsko-amerikanskoe sotrudnichestvo i protivoborstvo. Znachenie dlya natsional'noj bezopasnosti Rossii./ Pod red. d.i.n. akademika RAN S.M. – M.: Izdatel'stvo «Ves' Mir», 2017. 428 s. S. 275-278.

4. A Budget for America’s Future. Budget of the U.S. Government. Fiscal Year 2021, Office of Management and Budget. Department of Defense. P.33

5. Todd Harrison, Seamus P. Daniels. A Report of the CSIS. Analysis of the FY 2021 Defense Budget. August 2020. P 1-2 (accessed October, 2021)

6. Weisgerber, M. and Tucker, P., What Trump’s Space Force announcement means? Defense One, 18 June 2018 Toward the creation of a US “Space Force”, US Congressional Research Service, 16 Aug. 2018. (accessed June 2021)

7. White House, Remarks by Vice President Pence on the future of the US Military in space, The Pentagon, 9 Aug. 2018(accessed June 2021)

8. DoD Table 6- Green Book 2021 pp.101-102 https://comptroller.defense.gov/Portals/45/Documents/defbudget/fy2021/FY21_Green_Book.pdf

9. FY 2022 Defense Budget Request. Overview – FY 2022 Defense Budget/ FY 2022 BUDGET SUMMARY Office of the Under Secretary of Defense (Comptroller) May 20-21.Chapter 1. P1-5.

10. Naprimer: Todd Harrison, Seamus P. Daniels. A Report of the CSIS. Analysis of the FY 2021 Defense Budget. August 2020; doklad Sustainable Defense: More Security, Less Spending. Center For International Policy. June, 2019

11. Pat Towell. The Department of Defense (DOD) Budget: An Orientation. Congressional Research Service R46965 · November 12, 2021 https://crsreports.congress.gov R46965 (accessed November 17, 2021).

12. Ibid p.2-6.

13. Ibid p.12, 13.

14. The Department of Defense Releases The President’s Fiscal Year 2022 Defense Budget. May 28, 2021 Statement by Secretary of Defense Lloyd J. Austin III on the President’s Fiscal Year 2022 Budget.

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