WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign of the administration’s willingness to devote additional resources to military programs, including aiding Ukraine in its fight against Russian aggression.
The Biden administration is seeking $813 billion for defense spending in fiscal year 2023, which begins Oct. 1, a roughly 4% increase from the $782 billion enacted for this fiscal year. The requested increase is more than double than the 1.6% boost the administration sought for defense spending in last year’s budget. The proposal calls for $682 million in funding to go to Ukraine for efforts to counter Russia and shore up its security and economic interests.
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