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Defense Conversion: Status of DOD Funding and Spending

  Premium   Download PDF Now (14 pages)
Report Type Reports and Testimonies
Report Date June 30, 1994
Report No. NSIAD-94-218BR
Subject
Summary:

In fiscal year 1993, the Defense Department (DOD) committed or obligated about $2.7 billion of the $3.2 billion authorized and appropriated for 57 defense conversion programs. For 54 defense conversion programs in fiscal year 1994, DOD committed or obligated about $1.9 billion of the approximately $2.9 billion authorized and appropriated. Estimates of DOD's portion of the total federal funds to be spent on defense reinvestment and conversion initiatives for fiscal years 1993 through 1997 are increasing. The President's defense reinvestment and conversion initiative, announced on March 11, 1993, totaled $19.6 billion over five years; DOD's portion was 42 percent. The Office of Management and Budget's February 1994 estimate of the cost of the President's initiative was $21.6 billion; DOD's portion has increased to 59 percent.

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