Long-Term Implications of the 2023 Future Years Defense Program
As part of the President’s annual budget request, the Department of Defense (DoD) develops a plan—called the Future Years Defense Program (FYDP)—that reflects DoD’s expectations about its programs and costs over the next five years. In this report, the Congressional Budget Office analyzes DoD’s plans for 2023 through 2027 (as presented in the 2023 FYDP, which was issued in April 2022) and projects how those plans would affect defense costs for an additional 10 years (through 2037). In his proposed budget, the President requested $772 billion for DoD in fiscal year 2023. That amount is about 1.5 percent less (after removing the effects of inflation) than the amount appropriated for 2022. To read more, click here.