US to increase its military budget next year

US to increase its military budget next year
© Photo: Daria Melekhova/ Vestnik Kavkaza

The White House has requested a record $1.5 trillion in funding from the U.S. Congress for the military budget for fiscal year 2027.

"For fiscal year 2027, the Budget proposes $1.15 trillion in discretionary (28% increase) and $350 billion in mandatory bringing total resources for defense to $1.5 trillion (including a 44% increase for the Department of War," the statement reads.

This is $445 bln, or 42%, more than in the current fiscal year.

The U.S. administration has also proposed cutting non-defense federal budget spending for fiscal year 2027 by $73 bln, or by 10%.

The Pentagon is expected to release a detailed budget proposal on April 21.

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