US FY2024 funding package passes as China closes military capability gap
By entering into force, the Appropriations Act will enable the US military to advance with Tomahawk missile production. (Photo: US Navy)
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
Democrats and Republicans reached an agreement and passed the US government FY2024 funding package. The bill came into law on 23 March 2024 enabling the US military to access funds of the National Defence Authorisation Act (NDAA) and progress with their main acquisition and development programmes.
Approved by the US Congress and signed by President Joe Biden in December 2023, the NDAA had been awaiting the entry into force of the 2024 Appropriations Act.
“The [FY2024 funding package] avoids a devastating year-long CR (continuing resolutions) that every single service chief told us would be a disaster for the Department of Defense (DoD),”
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
![Sweden makes preparations to give Gripens to Ukraine]()
Sweden makes preparations to give Gripens to Ukraine
The 17th package provided by Sweden to Ukraine has seen the Scandinavian country provide SEK48.1 billion (US$4.6 billion) in military support since February 2022, having provided a total of SEK25 billion in 2024.
-
![Dutch MoD targets two more frigates as part of future defence plans]()
Dutch MoD targets two more frigates as part of future defence plans
The latest defence memorandum from the Dutch government has suggested that funding would be increased, with the procurement of more frigates, F-35s and Leopard 2A8s expected.
-
![UK-administered International Fund for Ukraine passes £1 billion milestone]()
UK-administered International Fund for Ukraine passes £1 billion milestone
Ukraine’s defence secretary met his UK opposite number in London to mark the milestone and push forward with new defence deals.
-
![UK defence funding rocked by budget restrictions]()
UK defence funding rocked by budget restrictions
Defence spending cuts are implied by UK ministers’ commitments to help plug a public finance “black hole”.
-
![RTX’s unauthorised exports result in $200 million fine]()
RTX’s unauthorised exports result in $200 million fine
According to the US Department of State, 750 company violations were recorded from 2017 to 2023.
-
![UK Strategic Defence Review asks public for views on future defence directions]()
UK Strategic Defence Review asks public for views on future defence directions
Currently serving military personnel, veterans, industry and academia have been invited to submit evidence to shape the UK’s future defence postures and spending.
