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Navy's US$148-Billion FY 2015 Budget: Tough Choices Made

Rear Admiral William Lescher, 
Deputy Assistant Secretary of the Navy for Budget explains that in a period of fiscal austerity, the Department of the Navy’s $148 billion FY15 budget balances investments in presence, capabilities and readiness to provide sustainable forward naval presence and invest in our people and capabilities core to our warfighting edge. "We all know this budget comes amid an environment of increasing fiscal austerity and uncertainty.