Defense Department's First Two-Year Budget Cycle To Begin For FY88

Deputy Secretary of Defense William H. Taft IV announced recently that the Department of Defense would use its current review of the FY 1988 defense program and budget to assess the requirements for both FY 1988 and FY 1989. The product of this review will be a twoyear budget. Because this year's review will cover both FY 88 and FY 89, no program or budget review will be needed next year. The Deputy Secretary has directed that preparations for those reviews be stopped.

This action carries out the requirements of the FY 1986 Authorization Act, which directs the President President to submit a two-year budget for the Department of Defense next year, and it carries forward the Packard Commission endorsement of the two-year budget concept.

Two-year budgeting is a key recommendation of the Packard Commission, and should bring muchneeded stability to Defense spending.

The DoD intends to work closely with the Congress to insure a smooth transition to a two-year budget.

Maritime Reporter Magazine, page 37,  Sep 1986

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