President Donald Trump’s military parade is estimated to cost $92 million — a whopping $80 million more than an earlier estimate, according to an unnamed “U.S. defense official with firsthand knowledge of the assessment,” CNBC reported Thursday.
In July, CNN reported that the parade would cost approximately $12 million, according to three unnamed U.S. defense officials. In February, White House Budget Director Mick Mulvaney told Congress the parade would cost between $10 million and $30 million.
CNBC reported Thursday that the $92 million figure would be split between the Pentagon, $50 million, and the Department of Homeland Security and other “interagency partners,” $42 million.