The US Congressional Budget Office (CBO) said the country could spend $634 billion over the next decade on modernizing nuclear weapons and related systems.
The US Congressional Budget Office (CBO) prepared a report on the country’s nuclear weapons, modernization and other investments planned in this context. Details shared within the scope of the report revealed that the Ministry of Defense and Energy will need around 634 billion dollars (approximately 5.4 trillion liras) in the next ten years for places such as nuclear submarines, nuclear weapons development laboratories and production facilities .
It should be noted that the 2021-2030 forecast is $ 140 billion more compared to the previous assessment made within the scope of the institution’s modernization investment and covering the years between 2019-2028. Compared to the 2019-2028 estimate of 494 billion dollars, it is evaluated that the 2021-2030 period will cover a much more costly process in the development and deployment of new generation nuclear weapons, with the effect of inflation.
30 year estimate, $1.7 trillion
In the $ 634 billion CBO estimate, the $ 551 billion share will correspond to the budget that the two ministries will use to realize their nuclear plans , while the remaining $ 83 billion will correspond to the difference due to cost increases as in previous examples.
The 30-year forecast for the modernization of the country’s triple strategic nuclear power (nuclear triad) deployed on air, sea and land is 1.7 trillion dollars . These include replacing Ohio-class nuclear submarines, long-range bombers in the Air Force fleet, and ground-launched Minuteman 3 intercontinental ballistic missiles with new systems.
The effort to renew the US’s nuclear power started during the Obama administration and continued increasingly during the Trump administration. It is a matter of curiosity what kind of package will be announced for the said modernization program, which includes the Vice Presidency of the new US President Joe Biden.