US President Joe Biden’s 2024 budget would increase military spending to a record $842 billion, according to information released by the White House on Thursday. The US already spends more on its military than the next nine nations combined.
According to a White House statement, the budget will include a $9.1 billion investment in the Pentagon’s Pacific Deterrence Initiative, which is aimed at bolstering the US’ presence in the Pacific region as a counter to China. Modernization of the US’ nuclear arsenal will add another $37.7 billion to the budget, while an unknown amount will be spent on shipbuilding and investments in “key technologies.”
A separate statement from the White House mentions that Biden’s budget will include $6 billion for Ukraine, although it is unclear which government department this will come from. The statement on military expenditure only makes a vague reference to continuing “support for Ukraine.”
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