The US House of Representatives Armed Services Committee has supported a proposal to raise spending for the Department of Defense (DoD) by $37bn for fiscal year 2023, reported Reuters.

The vote in favour of this $37bn amendment to the annual National Defence Authorisation Act (NDAA) was 42-17, and makes way for a DoD budget of at least $810bn in 2023.

The Senate Armed Services Committee already gave its backing for a $45bn increase in its version of the bill.

Now the final amount will be fixed by the two chambers when they meet at a conference on the bill.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The $37bn increase includes $2.5bn for fuel costs, $550m for Ukraine, funding for eight F-18 Super Hornet fighter jets, five ships, five C-130 Hercules planes, and approximately $1bn for four Patriot missile units.

In March, the US president had requested a peacetime national defence budget of $813bn, which features a 4.6% pay raise for troops in the wake of the Russian aggression in Ukraine.

Of the $813bn, $773bn was reserved for the DoD.

Nearly $40bn of the US president’s national defence budget had also been set aside for other security-related programmes at the Federal Bureau of Investigation, the Department of Energy, and other agencies.

In 2021, the NDAA approved $778bn in defence spending, which is more than the $25bn proposed by the US president, reported Reuters.

Last week, US President Joe Biden approved $1bn in security assistance to improve the abilities of the Ukrainian armed forces in their fight against the Russian military incursion.

This military package includes approximately $350m from the Presidential Drawdown Authority (PDA).