President Obama on Feb. 14 presented a DOD budget request for Fiscal 2012. It seeks $553.1 billion in budget authority not including war costs and $670.9 billion in BA counting war costs. Funding most often is stated in BA-the value of new obligations DOD can incur. (Some are paid in future years.) Figures can also be expressed in outlays-actual checks written in a given year. "Current dollars" contain no adjustment for inflation. With "constant dollars," inflation has been factored out. Charts address only the Defense Department program.
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