Budget

The Secret To Financial Success For Shippers

Credits: Nathan Cima/ Unsplash

In a multi-billion-dollar industry like supply chain, the financial risk of not understanding the budget landscape is astronomical. But financial success doesn’t happen by accident, either, says an article published on xeneta website.

Introduction

Budgeting season poses unique challenges for Shippers, from justifying past expenditures to forecasting future costs. In the dynamic world of supply chain, staying ahead requires a data-driven approach to ensure financial...

https://mfame.guru/the-secret-to-financial-success-for-shippers/

Project Overmatch Targeting R&D Tops Navy’s Fiscal Year 2024 Wishlist, $550M for Facility Overhauls

Operations Specialist 3rd Class Zachary Ezekiel, assigned to the guided-missile cruiser USS Monterey (CG 61), identifies air contacts in the combat information center (CIC) on March 21, 2016. Monterey is underway conducting Composite Training Unit Exercise (COMPTUEX) with the Eisenhower Carrier Strike Group in preparation for a future deployment. US Navy photo.

If the Navy could ask for funds in Fiscal Year 2024, it would prioritize more infrastructure to target potential adversaries in support...

https://news.usni.org/2023/03/24/project-overmatch-targeting-rd-tops-navys-fiscal-year-2024-wishlist-550m-for-facility-overhauls

$3.6B Marine Corps Wish List Again Asks for Stalled Amphibious Warship

Shipbuilder welding on the bow section of a future San Antonio-class amphibious warship at Ingalls Shipbuilding on Aug. 4, 2022. USNI News Photo

For the second year in a row, the Marine Corps is asking Congress for an amphibious warship the Navy doesn’t plan to buy.

At the top of the Marines’ Fiscal Year 2024 unfunded priorities list is $1.7 billion for LPD-33, a San Antonio-class amphibious transport dock that the Navy did not include in its five-year budget outlook released last week. While the...

https://news.usni.org/2023/03/22/3-6b-marine-corps-wish-list-again-asks-for-stalled-amphibious-warship

FY 2024 Budget: Navy Wants to Grow by 5,000 Sailors, Invest in Quality of Life Issues

Master Chief Petty Officer of the Navy James Honea speaks with sailors and answers questions during an all-hands at Commander, Fleet Activities Yokosuka (CFAY) on Feb. 10, 2023. US Navy Photo

“I want there to be greater access for all sailors to have housing off ship,” Honea told USNI News. “I want there to be a greater separation from their work life and their home life. I want every sailor to have a barracks room or to have an apartment or housing outside the fence line.”

Sailors need to have...

https://news.usni.org/2023/03/21/fy-2024-budget-navy-wants-to-grow-by-5000-sailors-invest-in-quality-of-life-issues

Biden budget seeks $237.4 million for BOEM

The Biden administration budget request for fiscal year 2023 asks for $237.4 million in total budget authority to fund the Bureau of Ocean Energy Management’s mission to manage U.S. offshore energy and mineral resources.

To put that $237.4 million in perspective, bear in mind that BOEM raked in $437 billion in winning bids in its recent New York Bight offshore wind lease sale.

“Interior’s FY 2023 budget provides needed resources to ensure BOEM is equipped to deliver on its mission on behalf of...

https://www.marinelog.com/offshore/offshore-wind/biden-budget-seeks-237-4-million-for-boem/

HASC Chair Smith Says Higher Defense Spending On the Way; Ukraine Invasion Made Budget ‘More Complicated’

U.S. Rep. Adam Smith, Chairman of the House Armed Service Committee, is briefed on the capabilities of the F-35A Lightning II during his visit at Luke Air Force Base, Ariz., Oct. 10, 2019. The congressman learned about several aspects of the 56th Fighter Wing F-35 pilot training and how the wing works to enhance lethality and readiness. (U.S. Air Force photo by Tech. Sgt. Jensen Stidham)

Russia’s invasion of Ukraine has increased bipartisanship support for foreign policy on Capitol Hill,...

https://news.usni.org/2022/03/03/hasc-chair-smith-says-higher-defense-spending-on-the-way-ukraine-invasion-made-budget-more-complicated

SECDEF Austin Warns of ‘Enormous’ Effects of Potential Year-Long Continuing Resolution

Secretary of Defense Lloyd J. Austin III delivers the keynote address during the 2021 Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, Calif., Dec. 4, 2021. DoD Photo

Defense Secretary Lloyd Austin is warning Congress that an extended stopgap bill to keep the government funded would have “enormous” effects on the Pentagon.

In a statement released Monday, Austin argued that a one-year CR would be equivalent to a budget decrease for Fiscal Year 2022.

“While the...

https://news.usni.org/2021/12/06/secdef-austin-warns-of-enormous-effects-of-potential-year-long-continuing-resolution

Key announcement: latest tax proposals

Key announcement: latest tax proposals

Tax administration and maintenance day 
What was announced? 

Not all tax announcements are made in the Budget. The government now publishes many longer term and administrative proposals several weeks later and on 30 November 2021 it released a large batch of documents on changes to the UK tax system. 

While many of the documents and proposals are at an early stage, if you are interested in how much tax you pay, when you have to pay it and how much...

https://allaboutshipping.co.uk/2021/12/05/key-announcement-latest-tax-proposals/

Overview of Department of Defense Budget Process

The following is the Nov. 12, 2021, Congressional Research Service report, The Department of Defense (DOD) Budget: An Orientation.

From the report

This report presents a concise but comprehensive description of the Department of Defense (DOD) budget, outlining the agency’s major activities as identified in its annual funding request.

Because of DOD’s size and the scope and scale of its activities, a baseline of information about the agency may be of use to Members of Congress whose focus is on...

https://news.usni.org/2021/11/16/overview-of-department-of-defense-budget-process

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