Don’t miss the latest developments in business and finance.

President Biden proposes $1.8 billion for Indo-Pacific Strategy

In the Indo-Pacific, America is strengthening its role and expanding its cooperation with longtime allies and partners

Joe Biden
US President Joe Biden. Photo: Reuters
Press Trust of India Washington
2 min read Last Updated : Mar 30 2022 | 12:52 AM IST

US President Joe Biden on Monday proposed a USD 1.8 billion to support his Indo-Pacific Strategy along with another USD 400 million to counter the malign Chinese behaviour.

Both are part of the USD 773 billion annual defence budget of the US for the year 2023, which was submitted by the White House to the Congress as part of its annual budgetary proposals.

In the Indo-Pacific, America is strengthening its role and expanding its cooperation with longtime allies and partners, including new diplomatic, defence and security, critical and emerging technology and supply chain, and climate and global health initiatives, while supporting stronger ties between our European and Indo Pacific allies, Biden said.

The President has prioritized strategic competition with China and worked with allies and partners to resist coercion and deter aggression from Beijing and Moscow, and has ended America's 20-year war in Afghanistan while removing all US troops, the White House said.

The budget, the White House said, promotes integrated deterrence in the Indo-Pacific and globally. To sustain and strengthen deterrence, the budget prioritizes China as the Department's pacing challenge.

To support American leadership in defending democracy, freedom, and security worldwide, the Budget includes nearly USD 1.8 billion to support a free and open, connected, secure, and resilient Indo-Pacific Region and the Indo-Pacific Strategy, and USD 400 million for the Chinese Malign Influence Fund.

In addition, the Budget provides USD 682 million for Ukraine, an increase of USD 219 million above the 2021 enacted level, to counter Russian malign influence and to meet emerging needs related to security, energy, cybersecurity issues, disinformation, macroeconomic stabilization, and civil society resilience.

Also Read

According to the White House, Department Of Defence's 2023 Pacific Deterrence Initiative highlights some of the key investments the Department is making that are focused on strengthening deterrence in the Indo-Pacific region.

The Department is building the concepts, capabilities, and posture necessary to meet these challenges, working in concert with the interagency and US allies and partners to ensure US deterrence is integrated across domains, theaters, and the spectrum of conflict, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :Joe BidenIndo-PacificForeign Affairs

First Published: Mar 29 2022 | 6:21 AM IST

Next Story