March 13, 2023

View the Coast Guard’s 2024 Budget Overview and 2022 Performance Highlights document and

FY 2024 Congressional Justification document at: https://www.uscg.mil/budget/

U.S. Coast Guard Fact Sheet

Fiscal Year 2024 President’s Budget

U.S. Coast Guard Headquarters

2703 Martin Luther King Ave, S.E.

Washington, DC 20953

www.uscg.mil

Overview: The FY 2024 President’s Budget requests $13.45 billion for the Coast Guard, including $12.05 billion in 

discretionary funding, to generate sustained readiness, resilience, and capability while building the Coast Guard of the future.

Budget Priorities:

➢ Generate Sustained Readiness, Resilience, and Capability – The Coast Guard will transform the total workforce, sharpen 

our competitive edge, and advance our mission excellence to enhance the Nation’s maritime safety, security, and prosperity.

➢ Build the Coast Guard of the Future – The Service is in the midst of the largest recapitalization effort since World War II -

an effort critical to ensuring the Service has the capable, modern assets its workforce needs to meet the unprecedented 

growth in demand for Coast Guard services. Additionally, as the Service deploys larger and more capable assets, resilient 

recapitalization projects - such as piers and waterside support facilities - are vital to mission success. 

The FY 2024 Budget requests $10.22 billion for Operations and Support (O&S) and $1.55 billion for Procurement, 

Construction, and Improvements (PC&I). Budget highlights include:

Generate Sustained Readiness, Resilience, and Capability (O&S): 

Transform the Total Workforce

➢ $12 million to enhance the Coast Guard’s recruiting capability by funding additional recruiting personnel and offices.

➢ $21 million to increase retention, bolster medical services, improve the Service’s training systems, and fulfill the changes to 

military justice procedures and staffing prescribed by the FY 2022 National Defense Authorization Act.

Sharpen our Competitive Edge

➢ $15 million for data analytic technology development, improving how data is collected, analyzed, and leveraged to empower 

operations and best support the workforce.

➢ $49 million to sustain enterprise collaboration tools, Search and Rescue IT systems, and C5I capabilities on board 

operational assets. Funding also supports the rapid development of mobile applications and bolsters telework capabilities.

Advance our Mission Excellence

➢ $77 million for the operations, maintenance, crew, and mission support elements for four Fast Response Cutters; operations 

and maintenance for the second Offshore Patrol Cutter; crew, operations, and maintenance for a commercially available polar 

icebreaker; crew for the first Waterways Commerce Cutter; and crew, operations, and maintenance for four MH-60T 

helicopters, one HC-130J aircraft, and one HC-27J aircraft. 

➢ $18 million for the operations and maintenance of newly acquired or recapitalized shore facilities.

Build the Coast Guard of the Future (PC&I): 

➢ $1.2 billion to recapitalize legacy assets and make capital improvements to extend the service life of cutters and boats,

including: $579 million for construction of the sixth Offshore Patrol Cutter and long-lead time materials for the seventh 

Offshore Patrol Cutter; $170 million to provide long-lead time materials for the third Polar Security Cutter; $125 million to 

acquire a commercially available polar icebreaker; $98 million for the Waterways Commerce Cutter including project 

management, initial detail design, and the construction of the first article; $55M to fund initial acquisition activities, program 

management, and prepare for the procurement of long-lead time materials for a heavy Great Lakes Icebreaker; and $17 

million to support post-delivery activities and program management for the tenth and eleventh National Security Cutter.

➢ $115 million to recapitalize and sustain fixed and rotary-wing aircraft, including: sustainment of the current MH-60T 

helicopter fleet; modernization and sustainment of MH-65 helicopters to extend service life into the 2030s; and continued 

missionization of HC-27J medium-range surveillance aircraft.

➢ $144 million for shore infrastructure improvements to support new acquisitions and the execution of Coast Guard 

operations, including: a Fast Response Cutter homeport in Seward, Alaska; a Waterways Commerce Cutter homeport in St.

Petersburg, Florida; continued buildout of the consolidated operational base in Charleston, South Carolina; and other 

infrastructure repairs and upgrades.