Budget Highlights Book - DON FM&C Website - U.S. Navy

February 2012Department of the Navy: 2013 and BeyondFISCAL BALANCINGThe Budget Control Act of 2011 established a Government deficit reduction target of$917 billion. As part of that legislation, Department of Defense funding wasreduced by $487 billion over ten years, of which the Department of Navy wasreduced over $58 billion across the current Future Years Defense Program spanningFY 2013 to FY 2017. To fit within this fiscal reality, as informed by the President’srecently revised defense strategy, the DON terminated and scaled-back funding andquantities for numerous programs which were deemed to be manageable risk for theDepartment.Figure 2 shows the overall DON process for balancing requirements and availablefunding within the revised DoD mission construct and current economicenvironment.Figure 2 – Department of the Navy Fiscal BalancingDepartment of the Navy Fiscal BalancingTough Leadership DecisionsNew StrategyRevised MissionsReshapingControlled GrowthReductionsTerminationsRestructured ForcesTempered CapabilitiesRefocused Manpower(In Billions of Dollars) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FYDPDON TOA (PB12-PB13) -9.5 -13.2 -10.7 -12.5 -12.2 -58.1FY 2013 Department of the Navy Budget 1-11