ABSTRACT

CBO Briefing: Long-Term Implications of Current Defense Plans: Detailed Update for Fiscal Year 2005   [open pdf - 1010KB]

From the Document: "[1] In January 2003, the Congressional Budget Office (CBO) published 'The Long-Term Implications of Current Defense Plans', which was based on the President's budget for fiscal year 2003 and the Department of Defense's 2003 Future Years Defense Program (FYDP). [2] CBO updated that analysis in July 2003 in 'The Long-Term Implications of Current Defense Plans: Summary Update for Fiscal Year 2004' and in February 2004 in 'The Long-Term Implications of Current Defense Plans: Detailed Update for Fiscal Year 2004.' Those publications revised CBO's earlier work to take into account changes incorporated in the President's budget for fiscal year 2004 and the 2004 FYDP. [3] This briefing updates the February 2004 'Detailed Update' to account for changes incorporated in the President's budget for fiscal year 2005 and the 2005 FYDP. It is a companion piece to CBO's fiscal year 2005 'Summary Update.' [4] This briefing does not incorporate changes to the FYDP resulting from Congressional action on the President's 2005 budget request. [5] The Congress has passed a 2005 appropriation bill for the Department of Defense (DoD), excluding military construction and family housing, which are appropriated in a different bill. CBO estimates that Congressional appropriations will reduce DoD's total obligational authority (TOA) by approximately $1 billion in 2005 relative to the President's request of $402 billion. [6] Numerous charts in this detailed update use the concepts of 'steady state' and 'half-life' for DoD investment plans and weapon systems."

Publisher:
Date:
2005
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov
Format:
pdf
Media Type:
application/pdf
URL:
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