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The Americans are also cutting their defense budget

(BRUSSELS2) The agreement on the American debt obtained through a hard struggle between Republicans and Democrats at the end of July should have significant consequences on the American defense budget. This agreement provides, in fact, a reduction in “security” spending (*) over the next 10 years by $420 billion, including $350 billion coming from the defense budget (i.e. on average $35 billion per year). Or 6% of the annual defense budget (which for 2011 amounts to 529 billion for defense or $688 billion if we include all security expenditure). This revision will take place according to " an audit of the results of our missions, roles and capacities” indicates agreement.

But this amount could amount to $886 billion over the period according to The Cable website of Foreign Policy (generally well informed). Indeed, the debt agreement provides for additional savings of $1.200 trillion; if no agreement is reached by the beginning of 2012, an equivalent budget cut will be obligatory, divided half/half between defense spending and other spending: $600 billion will thus be taken directly from the defense budget (i.e. $534 billion $ in current equivalent).

More information : White House statement

(*) The security budget includes the defense budget, part of the foreign affairs budget, national security or nuclear safety.

Nicolas Gros Verheyde

Chief editor of the B2 site. Graduated in European law from the University of Paris I Pantheon Sorbonne and listener to the 65th session of the IHEDN (Institut des Hautes Etudes de la Défense Nationale. Journalist since 1989, founded B2 - Bruxelles2 in 2008. EU/NATO correspondent in Brussels for Sud-Ouest (previously West-France and France-Soir).