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2026-04-03 10:09:59
[Largest Increase Since WWII: Trump Plans to Announce $1.5 Trillion Defense Budget] (1) US President Donald Trump is expected to announce a defense budget request of up to $1.5 trillion for the next fiscal year on Friday, which would be the largest year-on-year increase in defense spending since World War II. (2) The budget includes funding for Trump’s signature but controversial $185 billion “Golden Dome” missile defense system, as well as top shipbuilding projects such as Lockheed Martin’s F-35 fighter jets, warships, and Virginia-class submarines built by General Dynamics and Huntington Ingalls Industries. (3) Last year, Trump requested $892.6 billion in defense funding from Congress, and later added $150 billion through a supplemental request, bringing the total to a historic high of over $1 trillion for the first time. (4) The budget framework to be announced on Friday is for the fiscal year ending September 30, 2027, with more details to be released on April 21. The government had considered a similar structure to 2026: a $900 billion national security budget plus a supplemental request of $400 billion to $600 billion. (5) The funds will be used to expand weapons production to deter China’s actions in the Indo-Pacific region and to replenish weapons stocks depleted by the conflicts in Israel, Iran and Ukraine. The budget request will be debated in Congress in the coming weeks and months.
