Army to Slash, Reinvest $25 Billion From Budget
The Army plans to slash and reinvest $25 billion in its budget over the next five years as part of a new “renaissance” of the service, Secretary Mark Esper said on Monday.
The savings will come from personnel positions related to equipping the service, according to Esper, but the secretary declined to go into detail because the plans are part of the Army’s upcoming and unreleased fiscal 2020 budget.
“That dollar figure is a low end,” Esper said during the annual Association of the U.S. Army conference in Washington.
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