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$343.3
billion......Defense budget FY02
| + $30 billion | Modernization
Requirements
According to CBO*, annual amount required to cover shortfall of modernization funding. Former Clinton Secretary of Defense Bill Perry, "I put it at $10-20 billion." |
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| + $5 billion | Ammunition
/ Precision Munitions Requirements
Amount required to close the Army ammunition gap and increase buys of precision munitions. |
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| + $5 billion | Readiness
Requirements
According to CBO*, additional amount required to maintain operating tempos and current levels of maintenance & support for equipment. |
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| + $10 billion | Personnel
Requirements
According to the House Armed Services Committee, average yearly amount required to close the 11.1% pay gap. |
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| $393.3 billion | Minimal topline requirement for FY03 |
*CBO is currently updating these numbers and according to CBO analysts they will rise.
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