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New
Release -- Superconductor Week does not edit or endorse the following
news release:
Fiscal 2008 Department of Defense Budget Released
Washington, DC, 5 February 2007: President George W. Bush today sent to
Congress his defense budget for fiscal 2008. The budget requests $481.4
billion in discretionary authority for the Department of Defense base budget, an
11.3 percent increase over the projected enacted level for fiscal 2007, for real
growth of 8.6 percent; and $141.7 billion to continue the fight in the Global
War on Terror (GWOT) in fiscal 2008.
The fiscal 2008 Defense base budget sustains the President's commitment to
ensure a high state of military readiness and ground force strength; to enhance
the combat capabilities of the United States Armed Forces; to continue the
development of capabilities that will maintain traditional U.S. superiority
against potential threats; and to continue the Department's strong support for
service members and their families.
The fiscal 2008 Global War on Terror request funds urgent needs associated with
Operations Enduring Freedom and Iraqi Freedom and other costs of the Global War
on Terror; including the costs of repairing, replacing or replenishing equipment
lost in combat by both the Active and Reserve Components.
The fiscal 2008 Global War on Terror request is consistent with the direction of
Congress to include the cost of ongoing operations in the Global War on Terror
with the fiscal 2008 Department of Defense Base Budget.
Accompanying the fiscal 2008 Defense base budget and the President's GWOT
request is a request for $93.4 billion in emergency supplemental funding to
cover equipment reconstitution and the cost of operations in the Global War on
Terror for the remainder of fiscal 2007.
Check
http://www.dod.mil/comptroller/defbudget/fy2008/index.html for more details
of the fiscal 2008 budget request.
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