US Navy Absorbing $7 Billion Budget Cut

Discussion in 'U.S. Navy' started by Pathfinder, Feb 9, 2016.

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  1. Pathfinder

    Pathfinder Lieutenant Colonel

    Dec 17, 2015
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    US Navy Absorbing $7 Billion Budget Cut

    WASHINGTON — The US Navy is absorbing a $7 billion reduction in fiscal 2017 funding – about 3.5 percent over last year’s plan, according to newly released budget documents. The service is reducing the number of ships it’s buying while adding more aircraft, and uniformed personnel also are being cut, up to as many as 6,400 sailors below previous forecasts.

    The Navy Department’s top line drops to $152.9 billion in baseline funding against last year’s projection of $159.9 billion. The 3 percent dip below projection is planned to last just this year, rising in 2018 to $159.7 billion. Projected baseline funding drops again to about $158 billion in 2019, to $155.7 billion in 2020 and up to $157.5 billion in 2021.

    Overseas contingency operations (OCO) funding remains steady, $9.5 billion in 2017 against $9.4 billion last year, and includes six aircraft – two F/A-18 Super Hornets and four RQ-21 Blackjack drones for the Marines.

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