Fiscal 2004 defense budget sent to capitol hill.
Author | Book, Elizabeth G. |
Position | Washington Pulse |
The military services have reassessed spending priorities in drafting I their fiscal 2004 defense budget, said a senior Defense Department official. The 2004-2009 budget will reveal a shift in spending of about $90 billion from traditional legacy programs to newer, "transformational" technologies, he said.
For example, the Army will reallocate about $20 billion. The Air Force will shift upwards of $30 billion. The Navy is expected to move $40 billion.
"This is a lot of money that they are taking from what we have been doing and trying to begin to make the investments against where we think we want to go. And that is work that was driven by the services as they went through their own budget bill process during the...
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