Story highlights The proposal would increase defense spending 10%

Cuts are proposed for nearly all other agencies

(CNN) President Donald Trump proposed a $54 billion increase in defense spending Thursday as promised, a plan that the White House says will provide the necessary funding to ramp up the fight against ISIS, improve troop readiness and build new ships and planes.

Released as part of Trump's $1.1 trillion budget outline for 2018, the 10% boost to the military comes at the expense of deep cuts to non-defense spending at the State Department, the Department of Housing and Urban Development, the Environmental Protection Agency and dozens of other federal programs.

"The core of my first budget blueprint is the rebuilding of our nation's military without adding to our federal deficit," Trump said in a letter attached to the budget.

The President's request, which will raise spending for the Defense Department to $639 billion for fiscal year 2018, aims to fulfill several of the promises he made on the campaign trail and early in his presidency, including efforts to "demolish and destroy" ISIS, increase the total number of ships in the US Navy fleet and build additional F-35 fighter jets to expand the Air Force.

"To keep America safe, we must provide the men and women of the United States military with the tools they need to prevent war. If they must, they have to fight, and they only have to win," Trump told lawmakers, military brass and members of his Cabinet during his recent address to Congress.

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