Pentagon Enjoys U.S. FY 2017 Defense Budget Stability
Previous Congressional deal provides required funding for what is by far the world’s large defense spend
Deputy Defense Secretary Bob Work announces details of the U.S. Fiscal Year 2017 defense budget proposal as Air Force General Paul J. Selva, vice chairman of the Joint Chiefs of Staff, looks on. (Photo: DoD)
Deputy Defense Secretary Bob Work announces details of the U.S. Fiscal Year 2017 defense budget proposal as Air Force General Paul J. Selva, vice chairman of the Joint Chiefs of Staff, looks on. (Photo: DoD)

The Pentagon unveiled a Fiscal Year (FY) 2017 budget request of $582.7 billion, accompanied as usual by the Five Year Defense Plan (FYDP) showing proposed spending through FY2021. According to a chart released this week by the International Institute for Strategic Studies (IISS), U.S. defense spending is nearly four times greater than that of China, and nearly six times greater than that of Russia.