USA officials on Thursday cited expenses for aircraft, equipment, personnel and security, not charges from the Washington, D.C., government as claimed by Trump.
Most of the balance of the costs would cover security provided by other government agencies.
The drama that unfolded Thursday and Friday also highlighted, not for the first time, a disconnect between the Pentagon and the White House when it comes to turning some of Trump's more mercurial ideas into reality.
He added, "Maybe we will do something next year in D.C. when the cost comes WAY DOWN".
"Whoever wrote it needs to get better sources".
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Now my colleagues report that the Trump administration is using other means to take back more than $3 billion in already approved foreign aid in an effort to curb such spending. "I'll just leave it at that".
But after months of planning, the Pentagon said Thursday that the president-proposed event has been postponed until at least 2019.
The Pentagon began planning Trump's military parade in earnest in March, putting U.S. Northern Command in charge with a smaller headquarters at Fort McNair in Washington, D.C., taking a leading role. Also, the initial estimate was based off of a review of the capital's last military parade for the 1991 Gulf War.
The new figure reportedly consists of 50 million dollars from the Pentagon and 42 million dollars from interagency partners such as the Department of Homeland Security, but it has not been finalized or released publicly.
One group representing veterans weighed in Thursday against the parade.
The Defense Department says the Veterans Day military parade ordered up by President Donald Trump won't happen in 2018. The idea of the parade came after the USA president attended the Bastille Day parade in France past year, saying that he was inspired. "Any cost estimates are pre-decisional".