|
|
Pentagon asks for major budget increase
|
|
|
|
Top Stories |
|
|
|
|
IANS | 13 Feb, 2018
Citing increasing threats from China and Russia, the Pentagon has asked
for a major boost in military spending for 2019, requesting Congress to
approve a budget of $686 billion, one of the largest in the country's
history, the media reported.
Touting the proposal on Monday,
President Donald Trump said the US military would be the strongest it
has ever been, including "increasing arsenals of virtually every
weapon", reports CNN.
The $686 billion budget is an increase of
$80 billion from 2017 the Pentagon has said that it was primarily aimed
at countering Russia and China.
"Great power competition, not
terrorism, has emerged as the central challenge to US security and
prosperity," Under Secretary Of Defence David L. Norquist told reporters
Monday following the unveiling of the budget proposal.
"It is
increasingly clear that China and Russia want to shape a world
consistent with their authoritarian model-gaining veto authority over
other nations' economic, diplomatic, and security decisions," the budget
document said.
Beijing is "using predatory economics to
intimidate its neighbours while militarizing features in the South China
Sea", according to the document.
China "seeks Indo-Pacific
regional hegemony in the near-term", but in the long term seeks to
"achieve global pre-eminence" over the US, CNN quoted the document as
saying.
"Russia has violated the borders of nearby nations and
pursues veto power over the economic, diplomatic, and security decisions
of its neighbours," it added.
The proposal would add 25,900
service members to the military and further grow the force by 56,600 by
2023, allowing the Defence Department to fill in units, and recruit
pilots, maintainers and cyber-security experts, according to Norquist.
Troops
would also receive a 2.6 per cent pay raise during the 2019 calendar
year, in what would be the largest salary increase since 2010.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|