Trump to ask for $716 billion in defense spending in 2019 budget: U.S. officials

Published 01/26/2018, 04:35 PM
© Reuters. U.S. President Donald Trump attends the World Economic Forum (WEF) annual meeting in Davos

By Idrees Ali

WASHINGTON (Reuters) - U.S. President Donald Trump is expected to ask for $716 billion in defense spending in the 2019 budget he is to unveil next month, two U.S. officials said on Friday, representing a 7 percent increase over the 2018 budget.

The $716 billion would cover the Pentagon's annual budget as well as spending on ongoing wars and the maintenance of the U.S. nuclear arsenal. The 2018 budget still has not passed through Congress, the U.S. officials said on condition of anonymity.

One of the officials said the request would closely follow the priorities unveiled by Defense Secretary Jim Mattis on Friday in the National Defense Strategy.

Mattis put countering China and Russia at the center of the new National Defense Strategy.

The Pentagon's unclassified, 11-page version of the National Defense Strategy did not provide details on how the shift towards countering China and Russia would be carried out, but defense spending requests were expected to reflect that aim.

The U.S. military's competitive edge has eroded "in every domain of warfare" Mattis said, partly because of inconsistent funding. Congress voted on Monday to end a three-day U.S. government shutdown, approving the latest short-term funding bill as Democrats accepted promises from Republicans for a broad debate later on the future of young illegal immigrants.

© Reuters. U.S. President Donald Trump attends the World Economic Forum (WEF) annual meeting in Davos

The Washington Post published the figures for the president's budget request earlier on Friday afternoon.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.