The Department of the Navy has released its FY 2024 President’s Budget, which aims to build a stronger and more capable Navy. The budget includes a total funding request of 8$211.7 billion, with a focus on modernization, readiness, and innovation.
One of the key takeaways from the budget is the emphasis on investing in new technologies and capabilities, such as unmanned systems, artificial intelligence, and cyber warfare. This reflects the Navy’s recognition that future conflicts will be fought in multiple domains, including the digital realm.
The Department of the Navy’s (DON) FY 2024 President’s Budget (PB24) request is $255.8B, an increase of $11.1B or 4.5% from the FY 2023 enacted budget.
- The FY 2024 President’s Budget for the Department of the Navy has a total funding request of $211.7 billion.
- The budget prioritizes modernization, readiness, and innovation.
- The Navy aims to invest in new technologies and capabilities such as unmanned systems, artificial intelligence, and cyber warfare.
- The budget emphasizes readiness by increasing the number of ships and aircraft in the fleet and investing in maintenance and training programs.
- PmThe Navy plans to improve infrastructure and facilities, including shipyards, naval bases, and research facilities.
Overall, the budget demonstrates a commitment to building a stronger and more capable Navy, ready to face the challenges of the 21st century.