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State of the Defense Budget

September 07, 2013

Implementation of the Budget Control Act of 2011 is having severe adverse impacts on the defense budget. In real dollar terms, DOD investment spending (Procurement and R&D) in fiscal year 2013 is 24 percent less than it was in fiscal year 2011, the year before the Budget Control Act. Unless the act is changed, fiscal year 2014 could see another 14 percent reduction in investment spending.

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State of the Defense Budget