S. 2792 would authorize appropriations totaling an estimated $768.0 billion over the 2022‑2026 period. CBO estimates that appropriation of the authorized amounts would increase outlays by $741.7 billion over the 2022-2026 period.
The bill also contains provisions that would affect the costs of defense programs that would be funded with discretionary appropriations in 2023 and future years. Those provisions mainly would affect force structure, compensation and benefits, and multiyear procurement of weapons systems. CBO has analyzed the costs of some of those provisions and estimates that they would, on a net basis, increase the cost of those programs compared to current law by about $10.5 billion over the 2023-2026 period. The net costs of those provisions in 2023 and beyond are not included in the total amount of outlays described above because CBO expects that appropriations for those activities would be specifically authorized in National Defense Authorization Acts in future years.
In addition, enacting S. 2792 would increase direct spending by $786 million over the 2022‑2031 period. The bill would have insignificant effects on revenues.
