Trump's military parade estimated to cost $92 million

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President Donald Trump's fall military parade is now estimated to cost $92 million dollars - $80 million more than originally figured, CNBC is reporting.

Provisional figures released earlier on Thursday said the event could cost about $90 million (£71m) - more than three times an original estimate.

Critics say the government should not spend money on a costly display of troops and weapons when the Pentagon is struggling to cover the expenses of training, support and personnel. The cost was initially put at a minimum of $10 million, a decline in real terms on a parade marking the end of the Gulf War in...

Trump decided he wanted a military parade in Washington after he attended France's Bastille Day celebration in the center of Paris previous year. "It was two hours on the button, and was military might, and I think a tremendous thing for France and the spirit of France".

The parade, still in the planning stages, is scheduled for November 10, marking both the Veterans Day holiday and the 100th anniversary of the end of World War I.

Officials said the parade plans had not yet been approved by Defense Secretary Jim Mattis.

But a USA official told AFP earlier Thursday the planning estimate had now gone as high as $92 million, though no final figure has been reached.

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The planned parade had been roundly criticized by Trump's opponents, who called it wasteful, unnecessary, and "authoritarian".

The Pentagon cancelled a military exercise planned for August with South Korea following Mr Trump's summit with North Korean leader Kim Jong Un. "Any cost estimates are pre-decisional". In fact, there would be no tanks, only wheeled vehicles, due to concerns over damaging the streets (and possibly, because the Pentagon wanted to scale back the authoritarian theme).

The District of Columbia Council had ridiculed the idea of a parade on Pennsylvania Avenue, the 1.2-mile (1.9-km) stretch between the Capitol and the White House that is also the site of the Trump International Hotel.

The president developed parade envy after watching a military parade in Paris, when he was a guest of French President Emmanuel Macron for Bastille Day festivities in 2017.

While the United States largely refrains from holding military parades, tanks have rolled down the streets of Washington DC before.

Trump's administration has already faced a fair amount of criticism for the parade's price tag, particularly from those who think the money could better honor veterans by helping those who return to the USA without the proper resources.

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