US President Joe Biden today signed into law the National Defense Budget (NDAA) budget for fiscal year 2022, amounting to 770 billion dollars, the White House announced.
In the middle of the month, the Senate and the House of Representatives approved by an overwhelming majority this bill that defines the policy of the Ministry of Defense.
The new budget also included the US-Greece defense cooperation bill, “US-Greece Defense and Interparliamentary Partnership 2021”, which was tabled in June by Senate Foreign Relations Committee Chairman Robert Menendez. With the signing of the bill by President Biden, it automatically becomes state law.
The budget, which has been hotly debated between Democrats and Republicans in both houses of Congress, envisions a 2.7% increase for the military, aircraft and warship markets, and a strategy for addressing geopolitical threats. Among other things, it provides $ 300 million for the Ukraine Security Assistance Initiative, which provides support to the Ukrainian Armed Forces, $ 4 billion for the European Defense Initiative (EDI) and $ 150 million for security cooperation. of the Baltic.
To address China, the new law provides for $ 7.1 billion in the Pacific Deterrence Initiative (PDI) as well as a statement from Congress that it supports Taiwan’s defense. It also bans the Ministry of Defense from acquiring products produced by forced labor in China’s Xinjiang region.
SOURCE: ΑΠΕ-ΜΠΕ
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Source From: Capital
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