US President Joe Biden (Photo | AP) 
World

Biden signs USD 768 billion defence budget bill to counter China in Indo-Pacific

The law allocates $768 billion in defence spending for the fiscal year 2022, up about 5 per cent from a year earlier. 

ANI

WASHINGTON: US President Joe Biden has signed into law a defense budget bill that calls on his administration to maintain the troop level of US Forces Korea (USFK) at the current level.

The National Defense Authorization Act was signed into law on Monday, less than two weeks after the Senate approved it in a 89-10 vote, reports Yonhap News Agency.

The House of Representatives had also approved the bill earlier this month.

According to Biden, "the Act provides vital benefits and enhances access to justice for military personnel and their families, and includes critical authorities to support our country's national defence".

"On Monday, December 27, 2021, the President signed into law: S. 1605, the 'National Defense Authorization Act for Fiscal Year 2022'," the White House said in a statement.

The law allocates $768 billion in defence spending for the fiscal year 2022, up about 5 per cent from a year earlier. The amount also marks the highest in US history.

The signed law calls on the US government to strengthen American alliances with countries in the Indo-Pacific region, including South Korea, to advance the country's "comparative advantage" over China amid their growing competition.

To this end, it urges the Washington government to maintain "the presence of approximately 28,500 members of the US Armed Forces" deployed to South Korea.

The initial draft of the law had also sought to limit the US government from using its defence spending to reduce the number of USFK troops, but such restrictions were later removed in the deliberation process.

US Congress had identified a lower limit for USFK troop levels in its National Defense Authorization Acts for three consecutive years since 2019.

‘Agreed to trade deal, tariff on India cut to 18%’: Trump after call with Modi

Gift Nifty soars; market set to open with significant gains today after India-US trade deal

Merger of NCP factions in limbo after Ajit Pawar's demise in plane crash

Bengal CM Mamata slams ‘great liar’ CEC, calls him ‘threat to country’

Air India grounds Boeing Dreamliner after pilot reports fuel control switch issue

SCROLL FOR NEXT