(Reuters) – Outgoing U.S. Defense Secretary Lloyd Austin recommended the government boost defense spending by about $50 billion more than projected in the fiscal year 2026, Bloomberg News reported on Monday.
Austin recommended the Office of Management and Budget leave President-elect Trump’s incoming administration a proposed five-year defense plan that starts with $926.5 billion in fiscal 2026, compared with a projected $876.8 billion, according to the Bloomberg report.
(Reporting by Chandni Shah in Bengaluru; Editing by Kim Coghill)
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