The Long-Term Implications of Current Defense Plans: Detailed Update for Fiscal Year 2005
Abstract
In January 2003, the Congressional Budget Office (CBO) published The Long-Term Implications of Current Defense Plans, which was based on the President's budget for fiscal year 2003 and the Department of Defense's 2003 Future Years Defense Program (FYDP). CBO updated that analysis in July 2003 in The Long-Term Implications of Current Defense Plans: Summary Update for Fiscal Year 2004 and in February 2004 in The Long-Term Implications of Current Defense Plans: Detailed Update for Fiscal Year 2004. Those publications revised CBO's earlier work to take into account changes incorporated in the President's budget for fiscal year 2004 and the 2004 FYDP. This briefing updates the February 2004 Detailed Update to account for changes incorporated in the President's budget for fiscal year 2005 and the 2005 FYDP. It is a companion piece to CBO's fiscal year 2005 Summary Update. This briefing does not incorporate changes to the FYDP resulting from Congressional action on the President's 2005 budget request. The Congress has passed a 2005 appropriation bill for the Department of Defense (DoD), excluding military construction and family housing, which are appropriated in a different bill. CBO estimates that Congressional appropriations will reduce DoD's total obligational authority (TOA) by approximately $1 billion in 2005 relative to the President's request of $402 billion. Numerous charts in this detailed update use the concepts of steady state and half-life for DoD investment plans and weapon systems.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2005
- Accession Number
- ADA447100
Entities
Organizations
- Congressional Budget Office