U.S. Military Budget Climbs to $708 Billion

The Obama administration sent Congress its proposed military budget on Monday, requesting $708 billion for fiscal 2011, including $159 billion to support operations in Iraq and Afghanistan.

The base budget is a 3.4% increase from the prior fiscal year at $549 billion, or 1.8% real growth after adjusting for inflation. Accompanying the budget proposal is a fiscal 2010 supplemental request for $33 billion to help support 30,000 additional troops in Afghanistan. The U.S. military budget accounts for 18.5% of the total 2011 budget.

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