Donald Trump administration asked Pentagon to slash a budget of $ 290 billion in the next five years – Times of India

On Wednesday (local time), the Donald Trump administration asked Pentagon to cut 8% annually or $ 290 billion in the next five years.
According to the Washington Post, the Defense Secretary Pete Hegseth directed the Pentagon to draft a deep budget cut, which cited a memorandum on the case.
The Pentagon’s 2025 budget is around 850 billion dollars, with a bipartisate agreement between MPs that such adequate expenses are required to combat global hazards, especially from China and Russia. However, if the proposed cuts are fully implemented, the budget will shrink to tens of billions annually, which will reach about 560 billion $ 560 billion within five years.
While the cut will fall, the nuances on it, one last Post The report suggested that junior civilian employees -Vardihari military personnel did not have primary targets.
The move follows the visit to Pentagon by Elon Musk’s Government Efficiency Department last week and is expected to face strong opposition from both military and Congress.
With the Pentagon’s possible budget cut, US defense spending – around 3.4% of GDP – will move beyond five percent of the threshold, some policy makers have advocated.
This news sent shockwaves through the defense sector, which led to the ups and downs in the stock among the major US contractors. Lockheed Martin saw a brief dip before recovering, while Northrop Grumman fell nearly two percent. Palanatir took the most difficult hit, shut down over 10%.