Figure 3-29 Updated.
Past and Projected Investment Spending for Defense Agencies |
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- This chart updates Figure 3-29 of CBO's February 2004 Web document. The Defense Department's budget provides money for a variety of specialized agencies responsible for performing advanced research, developing missile defenses, overseeing special operations, and developing and managing information systems.
- The investment funding allocated to those activities in the 2005 FYDP averages about $2 billion more per year for the 2005-2009 period than it did in the previous FYDP. Under DoD's current plans, funding would increase from $25 billion in 2005 to $30 billion in 2009. The majority of that increase is slated to occur between 2007 and 2009 in funding for unspecified activities related to military transformation.
- CBO projects that if current plans were carried out, defense agencies would spend an average of $24 billion a year on investment between 2010 and 2022 (excluding cost risk), about 5 percent more than in CBO's previous projection. Most of that increase stems from CBO's assumption that a new program started by DoD last year to develop kinetic-energy interceptors (KEIs) to intercept ballistic missiles during the boost phase of flight (while their booster rockets are still burning) proceeds to production and deployment.
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