Navy announces $141.4 billion budget in FY12

Stephen Murphy - 

Deputy Assistant Secretary of the Navy for Budget, Rear Adm. Joe Mulloy, briefed the Fiscal Year 2012 Department of the Navy budget roll-out at the Pentagon, Feb. 14.

“The FY12 budget request reflects the Navy’s continued commitment to Sailors, Marines, civilians, and their families,” said Mulloy. “It reaffirms the valuable contribution our assets make across the full spectrum of warfare and increases the capability of our fleet. While military pay will increase 1.6 percent, additionally, reenlistment bonuses for key rates are being maintained, and selective reenlistment bonuses are being offered.

President Barack Obama’s budget for Fiscal Year 2012 was submitted to Congress Feb. 14, with an overall request for the DoN of $161.4 billion, which is an increase of $1.0 billion over last year’s baseline appropriations.

FY12 budget also includes an additional request for overseas contingency operations in the amount of $15 billion. The Department of the Navy has been fully engaged across all facets of ongoing contingency operations while transforming itself to provide the nation with rapid, flexible and agile options to deal with new security challenges.

Read more...

Posted via http://batavia08.posterous.com batavia08's posterous