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CHIPS Articles: First time in 10 years, Defense Department begins fiscal year with funding

First time in 10 years, Defense Department begins fiscal year with funding
By CHIPS Magazine - October 1, 2018
It's the beginning of a happy new year for the Department of Defense because for the first time in more than a decade, the department is able to begin a fiscal year with an enacted appropriation instead of operating under a continuing resolution, DoD noted in a release.

DoD commends the signing of House Resolution 6157, the fiscal year (FY) 2019 DoD and Labor, Health and Human Services, and Education Appropriations Act and Continuing Appropriations Act. This act funds the DoD for FY 2019.

Of the $716 billion defense funding, which includes DoD and other non-DoD defense entities, such as the Department of Energy, $686 billion is allocated for DoD.

This appropriation directly supports the three main lines of effort designated in the 2018 National Defense Strategy:

• Restoring readiness and building a more lethal force;
• Strengthening existing alliances while building new partnerships abroad; and
• Reforming and modernizing DoD for greater affordability, accountability and performance.

The funding level is consistent with the $716 billion 2018 Bipartisan Budget Act national defense spending cap for FY 2019.

You can follow the Department of Defense on Facebook,Twitter! and on the web - www.defense.gov.

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