WASHINGTON: The Biden administration's first budget this year won't include a five-year spending plan, keeping with precedent set by the last three administrations in their first term. The annual Future Years Defense Plan is a key piece of forward-looking planning that helps Congress and the defense industry gain a degree of transparency into the Pentagon's acquisition plans and priorities. The POM also helps the military get a clearer idea of how it will make its strategy real. While the absence of the POM may create some friction on Capitol Hill, it is hardly out of the ordinary. |
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