NDIA paper warns against a full-year continuing resolution for fiscal 2022
ARLINGTON, VA – Ahead of a potential large-scale troop deployment countering Russian threats to Ukraine, the National Defense Industrial Association has called for immediate action from Congress to pass full-year funding for fiscal year 2022 while warning against extending continuing resolutions through the rest of the fiscal year, which would hold spending to last year’s budget, prevent new starts and misalign funding.
In a new white paper, “Risks to National Security, a Full-Year Continuing Resolution for 2022,” NDIA says such action significantly reduces defense purchasing power and risks signaling a lack of seriousness and competence to counter Russian aggression in the Ukraine and Chinese actions in East Asia and the South China Sea.
The paper notes that a full-year CR would cut $36 billion in congressionally intended growth from the Defense Department. When coupled with the effects of increased inflation, it estimates a full-year CR would result in an overall loss in purchasing power of $75 billion or more and a $20 billion reduction in outlays in FY22 alone.
If this becomes a new baseline for defense spending, NDIA says the top-line numbers would reduce by $180 billion and outlays would fall by approximately $155 billion from fiscal years 2022 through 2026. This would harm servicemembers, their families, the defense workforce and national security.
For media queries, contact Evamarie Socha at esocha@NDIA.org.