S. 2000 would authorize appropriations of $134 million over the 2022-2026 period for defense-related assistance to Greece. Using historical spending rates for those programs, CBO estimates that implementing the bill would cost a total of $62 million over that period, subject to appropriation of the specified amounts. The remainder would be spent after 2026.
The bill would authorize $125 million ($25 million each year) in assistance to Greece through the European Recapitalization Incentive Program, a Department of State program that supports the efforts of European partners and allies to adopt U.S. defense equipment and training while transitioning away from Russian (or Soviet legacy) military articles.
S. 2000 also would authorize $9 million ($1.8 million each year) for International Military Education and Training (IMET) assistance for Greece. IMET is a Department of State led program executed by the Department of Defense that seeks to improve military-to-military relations and defense cooperation.
Finally, the bill would require the Department of Defense to report annually to the Congress on Greece’s defense needs and on transfers of excess military equipment from the United States to Greece. On the basis of information about the costs to prepare similar reports, CBO estimates that satisfying those requirements would cost less than $500,000 over the 2021‑2026 period. Such spending would be subject to the availability of appropriated funds.
The costs of the legislation, detailed in Table 1, fall within budget function 150 (international affairs).
