Last week, the Biden Administration proposed a Fiscal Year (FY) 2024 Budget request of $842 billion for the Department of Defense (DoD).

The Department of the Air Force budget will grow slightly more than the President’s proposed defense budget.

According to airandspaceforces.com, “The president is seeking $842 billion for DoD in FY 2024 – a 3.2 percent increase – plus $38 billion more for nuclear programs in the Department of Energy. That makes for total defense spending of $880 billion in the Presidential Budget Request.”

The announcement came a week after China released a military budget of about $224 billion, marking a 7.2% jump from last year.

“The Pentagon’s 2024 budget request is first and foremost a procurement budget,” said Deputy Defense Secretary Kathleen Hicks on Monday.

Secretary of Defense Lloyd J. Austin III stated, “As the PRC races to modernize its military, this budget will sharpen our edge by making critical investments across all timeframes, theaters, and domains.”