Tags Michael McCord

Analysts pillory DOD projections for inflation, real budget growth

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The Pentagon’s inflation projections are unrealistically low and don’t accurately reflect what the Department of Defense’s purchasing power will be next year, according to analysts. The Biden administration on Monday released its fiscal 2023 budget request. The White House is asking for $773 billion for the Pentagon, including $146 billion for procurement, and $130 billion for research, development, test and evaluation. During a briefing with reporters, Michael McCord, Pentagon comptroller…