Mark Esper: DoD Needs 5% Budget Increase to Stay Ahead of Adversaries

Mark Esper, the defense secretary and a 2020 Wash100 Award recipient, has said the Pentagon needs a 3 to 5 percent increase in budget to keep up with near-peer adversaries and boost military readiness.

Esper told attendees at a Heritage Foundation event that the Department of Defense (DoD) needs to be “better stewards of the taxpayer dollar” while the Congress must ensure a steady increase of annual defense funding, the Washington Business Journal reported Friday.

He noted that the DoD is looking to realign program funds and reform 2018 National Defense Strategy goals to ensure spending efficiency. “I talk about freeing up time, money and manpower to put into other priorities,” said Esper.

“What that does is, that allows the services to use dollars spent to maintain an unnecessarily high level of readiness and invest it into people, into modernization, into any other thing they want without jeopardizing their ability to meet the war plans.”

Share the Post:

Related Posts

Public Officials Go Toe-to-Toe With Industry Leaders in Latest Wash100 Popular Vote Poll

The Wash100 Award is a highly anticipated honor that recognizes the top 100 executives across the government contracting, technology and defense industries. Each year, the public is able to engage...

Ranks Shift & New Challengers Emerge in 2025 Wash100 Popular Vote Competition

In January, Executive Mosaic, the leading organization for government contracting events and media in the Capital region, announced its 2025 class of Wash100 Award winners, the most influential and promising...

1st-Time Wash100 Winners Make Strong Initial Showing in Popular Vote

Executive Mosaic, the Capital region’s premier government contracting events and media organization, was excited to roll out its 2025 class of Wash100 Award winners. (The list compiles the most promising...