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DOD holds staggering 70 percent of federal assets

September 24, 2024 | Oversight and Reform: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


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DOD holds staggering 70 percent of federal assets
During a recent government meeting, officials highlighted the significant financial footprint of the Department of Defense (DOD) in fiscal year 2023. The DOD received over $850 billion, accounting for half of the federal discretionary funding. This substantial allocation underscores the department's critical role in national security and defense initiatives.

Additionally, the DOD reported holding approximately $3.8 trillion in assets, representing a staggering 70% of the federal government's total assets. This figure not only emphasizes the DOD's financial weight but also raises questions about the management and allocation of such vast resources within the federal budget. The discussions reflect ongoing concerns regarding efficiency and accountability in defense spending, as well as the broader implications for federal fiscal policy.

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