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An Analysis of the Navy’s Fiscal Year 2023 Shipbuilding Plan

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  • Congressional Budget Office

Abstract

The Navy’s shipbuilding plan for fiscal year 2023 described three alternative projections of the composition of its fleet over the next 30 years. Under the three alternatives, the fleet would comprise between 316 and 367 battle force ships by 2052. CBO estimates that total shipbuilding costs would average about $30 billion to $33 billion (in 2022 dollars) per year over the 2023–2052 period, which is 14 percent to 18 percent more than the Navy estimates. The Navy’s total budget would increase from $220 billion today to roughly $290 billion (in 2022 dollars) in 2052.

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  • Congressional Budget Office, 2022. "An Analysis of the Navy’s Fiscal Year 2023 Shipbuilding Plan," Reports 58447, Congressional Budget Office.
    • Handle: RePEc:cbo:report:58447
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    File URL: https://www.cbo.gov/system/files/2022-11/58447-shipbuilding.pdf
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    More about this item

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N72 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: 1913-

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