Biden requests 4.1 pct increase in DoD spending, citing challenges from China, N. Korea
By Byun Duk-kun
WASHINGTON, March 28 (Yonhap) -- The Joe Biden administration is seeking a 4.1 percent increase in defense spending, citing the U.S.' growing competition with China and threats from North Korea, its budget plan showed Monday.
The bill proposal, submitted to Congress, seeks US$813.3 billion in overall defense spending in Fiscal Year 2023 starting Oct. 1.
For the Department of Defense, the government is asking for a 4.1 percent or $30.7 billion increase to $733 billion, according to the department.
"This budget gives us the resources we need to deliver on that promise. Our budget reflects our National Defense Strategy and the focus of that strategy on the pacing challenge of China," Defense Secretary Lloyd Austin said in a released statement.
"It preserves our readiness and deterrent posture against the threats we face today: the acute threat of an aggressive Russia and the constantly emerging threats posed by North Korea, Iran, and violent extremist organizations," he added.
North Korea has so far conducted 12 rounds of missile launches this year, including seven in January that marked the largest number of missile tests by the reclusive state in a single month.
Pyongyang also fired an intercontinental ballistic missile (ICBM) last week, marking its first ICBM firing since November 2017.
bdk@yna.co.kr
(END)
-
BTS' Jungkook's 'Seven' chosen as hottest hit outside U.S.
-
BTS' RM to prerelease 'Come Back to Me,' music video directed by Lee Jung-jin of 'Beef'
-
N. Korea dismantles S. Korean building near shuttered Kaesong complex
-
Yoon pledges to increase monthly senior basic pension benefit
-
(Yonhap Interview) U.S. will do 'all' it can to back S. Korea in case of China's economic coercion: official
-
BTS' RM to prerelease 'Come Back to Me,' music video directed by Lee Jung-jin of 'Beef'
-
BTS' Jungkook's 'Seven' chosen as hottest hit outside U.S.
-
(Yonhap Interview) U.S. will do 'all' it can to back S. Korea in case of China's economic coercion: official
-
N. Korea dismantles S. Korean building near shuttered Kaesong complex
-
N. Korean economic delegation returns from Iran amid suspected military ties
-
BTS' RM to prerelease 'Come Back to Me,' music video directed by Lee Jung-jin of 'Beef'
-
(3rd LD) U.S. soldier detained in Russia over alleged misconduct after finishing tour of duty in S. Korea
-
KF-21 fighter jet prototype to conduct 1st Meteor missile test
-
Top S. Korean envoy to Russia attends Putin's inauguration ceremony: Seoul official
-
(Yonhap Interview) Ex-Pentagon official stresses need for war plan rethink, swift OPCON transfer, USFK overhaul