29 February 2024
by Michael Fabey
Repair work on attack submarine USS
Boise
is just one of the programmes that could be at risk during a year-long continuing resolution restricting funding.
(Newport News Shipbuilding)
Officials for the US Navy, US Air Force, and US Army painted a grim picture for the services if they are saddled with a full-year Continuing Resolution (CR) and unauthorised supplemental funding for fiscal year (FY) 2024 during a 28 February round-table media briefing at the Pentagon.
“I’m so very concerned about where we are on closing out [20]24 and taking action on the supplemental,” said Erik Raven, the navy’s undersecretary and chief operating officer (COO).
“If we are not able to close out [20]24 and we end up under a full-year continuing resolution, what we’re looking at is USD12 billion worth of reduced buying power. But the misalignment in funding lines results in another USD26 billion of funding misalignments that we may have in our coffers, but not be able to spend it on the programmes that matter.”
Get the full article by
subscribing to Janes
Already a Janes subscriber?
Keep reading
Discussion about this post