Home Current Defense spending up 5 percent in Trump’s 2020 budget plan

Defense spending up 5 percent in Trump’s 2020 budget plan

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Defense spending up 5 percent in Trump's 2020 budget planPresident Donald Trump’s 2020 budget provides for a five percent increase in defense spending, notably to finance building his controversial border wall, while slashing funds for diplomacy by 23 percent. If approved as is — an unlikely scenario given opposition in Congress — military spending would increase to $750 billion for fiscal year 2020, which begins in October 2019. This figure includes $718.3 billion for the Pentagon and $32 billion for the Energy Department to maintain and provide fuel for America’s nuclear arsenal.