President Joe Biden has proposed the largest military budget in America's history, claiming it does so to keep up with China, which spends one-fourth on its military as the Pentagon.

Biden on Thursday unveiled his budget plans for government spending and higher taxes, revealing his playbook for an expected 2024 re-election bid.

The US budget proposed by Biden for the fiscal year 2024 shows an increase in military spending increasing the armed forces budget to a record $842 billion.

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.

China's military budget - about $225 billion - is dwarfed by that of the United States, which is more than four times greater.

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.”......More Below

https://www.presstv.ir/Detail/2023/03/09/699601/US-Biden-military-budget-hike