thedrifter
02-08-07, 01:13 PM
Budgeting Today's Readiness, Tomorrow's Fleet
Story Number: NNS070208-04
Release Date: 2/8/2007 11:55:00 AM
By MC2(SW/AW) Chad A. Bricks, Navy News Service
WASHINGTON (NNS) -- The Department of the Navy (DON) submitted to the president its recommendation of $139.8 billion for fiscal year 2008, which became part of his budget request to Congress.
The Navy and Marine Corps also submitted two other requests to accompany FY08’s baseline budget: $20 billion to fund the global war on terror in FY08 and $13.8 billion as an emergency supplemental to FY07’s budget. The three separate budgets total nearly $174 billion.
"The Budget is framed and built around the guidance that the Secretary of the Navy, the Chief of Naval Operations, and the Commandant of the Marine Corps establish," said Rear Admiral Stan Bozin, Director of the Budget. "With that foundation we build a budget that is supportable and defensible to Congress."
Bozin said Navy leadership built the budget on four central pillars: to fight and win the Long War, to sustain current readiness, to build the fleet of future, and to develop our future leaders.
“Twenty-eight percent of our funding is going toward our military personnel accounts, 28 percent roughly to our procurement accounts and 28 percent to our operations and maintenance accounts,” Bozin said.
Bozin said the remaining 16 percent of the budget goes to research and development and military construction.
According to Navy leaders, the FY08 budget is designed to ensure continued success of the all-volunteer force, support joint capabilities and provide effective forces.
“I don’t think there’s any question about the strong support from Congress for our Sailors and Marines,” Bozin said. “I think that’s going to be reflected as the budget goes forward.”
Sailors and Marines can also expect a 3 percent increase in basic pay and a basic allowance for housing (BAH).
“There’s a strong commitment from the department to keep those out of pocket costs at zero,” Bozin said.
Bozin also said this doesn’t mean everyone will see the increase in BAH. The actual rate that Sailors and Marines can expect to see around the fleet will vary by the area in which they live.
The budget is also constructed to consider the Navy decreasing their forces by 9,200 in FY08 and the Marines to grow to an end strength of 202,000.
Ellie
Story Number: NNS070208-04
Release Date: 2/8/2007 11:55:00 AM
By MC2(SW/AW) Chad A. Bricks, Navy News Service
WASHINGTON (NNS) -- The Department of the Navy (DON) submitted to the president its recommendation of $139.8 billion for fiscal year 2008, which became part of his budget request to Congress.
The Navy and Marine Corps also submitted two other requests to accompany FY08’s baseline budget: $20 billion to fund the global war on terror in FY08 and $13.8 billion as an emergency supplemental to FY07’s budget. The three separate budgets total nearly $174 billion.
"The Budget is framed and built around the guidance that the Secretary of the Navy, the Chief of Naval Operations, and the Commandant of the Marine Corps establish," said Rear Admiral Stan Bozin, Director of the Budget. "With that foundation we build a budget that is supportable and defensible to Congress."
Bozin said Navy leadership built the budget on four central pillars: to fight and win the Long War, to sustain current readiness, to build the fleet of future, and to develop our future leaders.
“Twenty-eight percent of our funding is going toward our military personnel accounts, 28 percent roughly to our procurement accounts and 28 percent to our operations and maintenance accounts,” Bozin said.
Bozin said the remaining 16 percent of the budget goes to research and development and military construction.
According to Navy leaders, the FY08 budget is designed to ensure continued success of the all-volunteer force, support joint capabilities and provide effective forces.
“I don’t think there’s any question about the strong support from Congress for our Sailors and Marines,” Bozin said. “I think that’s going to be reflected as the budget goes forward.”
Sailors and Marines can also expect a 3 percent increase in basic pay and a basic allowance for housing (BAH).
“There’s a strong commitment from the department to keep those out of pocket costs at zero,” Bozin said.
Bozin also said this doesn’t mean everyone will see the increase in BAH. The actual rate that Sailors and Marines can expect to see around the fleet will vary by the area in which they live.
The budget is also constructed to consider the Navy decreasing their forces by 9,200 in FY08 and the Marines to grow to an end strength of 202,000.
Ellie