ABSTRACT
While the US defence budget’s USD715 billion top line constitutes an USD11.27bn increase on the enacted FY2021 US defence budget, the FY2022 budget request is essentially flat in real terms when adjusted for inflation. Reflecting the Pentagon’s focus on the Indo-Pacific, the air force and navy budgets are set to increase, making up 52% of the top-line DoD budget in FY2022, up from 48% in the enacted FY21 budget.
