Trump's big military parade will reportedly cost $80 million more than expected

  • President Trump's long-desired military parade is now expected to cost $80 million more than expected, CNBC reported Thursday.
  • Congress has already authorized the parade, which is slated to take place on November 10 in Washington.

WASHINGTON — The grand military parade that President Donald Trump wants to hold in the nation's capital in November is now expected to cost $92 million — $80 million more than the original estimate.

According to a report by CNBC, the Department of Defense now assesses that the parade will cost significantly more, including $50 million from DOD and $42 million from interagency partners. The original cost estimates were in the realm of $12 million.

A massive parade down the streets of Washington is an expensive endeavor, which would include a large-scale security operation on top of the other costs to put it on this fall.

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President Trump with members of the military
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President Trump with members of the military
U.S. President Donald Trump is saluted by a military official as he departs from the capitol for the inaugural parade after his swearing in at the Capitol in Washington, U.S., January 20, 2017. REUTERS/Mike Segar
U.S. President-elect Donald Trump gestures to the crowd as he stands with U.S. Army personnel as he watches the Army vs Navy college football game at M&T Bank Stadium in Baltimore, Maryland, December 10, 2016. REUTERS/Mike Segar
U.S. President Donald Trump awards the Medal of Honor to James McCloughan, who served in the U.S. Army during the Vietnam War, during a ceremony at the White House in Washington, U.S. July 31, 2017. REUTERS/Joshua Roberts TPX IMAGES OF THE DAY
U.S. President Donald Trump attends a lunch with members of the U.S. military during a visit at the U.S. Central Command (CENTCOM) and Special Operations Command (SOCOM) headquarters in Tampa, Florida, U.S., February 6, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump poses for a photo with Army Sgt First Class Alvaro Barrientos, his wife Tammy and First Lady Melania Trump (R) after awarding him a Purple Heart at Walter Reed National Military Medical Center in Bethesda, Maryland, U.S., April 22, 2017. REUTERS/Yuri Gripas
U.S. President Donald Trump attends a lunch with members of the U.S. military during a visit at the U.S. Central Command (CENTCOM) and Special Operations Command (SOCOM) headquarters in Tampa, Florida, U.S., February 6, 2017. REUTERS/Carlos Barria
WASHINGTON, DC - MARCH 20: U.S. President Donald Trump salutes a U.S. Marine before boarding Marine One while departing from the White House, on March 20, 2017 in Washington, DC. President Trump is traveling to Louisville Kentucky to speak at a Make America Great Rally. (Photo by Mark Wilson/Getty Images)
U.S. President Donald Trump shakes hands with military personnel as he arrives at Harrisburg international airport, before attending a rally marking his first 100 days in office in Harrisburg, Pennsylvania, U.S. April 29, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump attends a lunch with members of the U.S. military during a visit at the U.S. Central Command (CENTCOM) and Special Operations Command (SOCOM) headquarters in Tampa, Florida, U.S., February 6, 2017. REUTERS/Carlos Barria
U.S. President Donald Trump gestures as he speaks to U.S. military personnel at Naval Air Station Sigonella following the G7 Summit, in Sigonella, Italy, May 27, 2017. REUTERS/Darrin Zammit Lupi
U.S. President Donald Trump delivers remarks to military personnel and families at Joint Base Andrews in Maryland, U.S., September 15, 2017. REUTERS/Yuri Gripas
U.S. President Donald Trump greets members of the U.S. military as he prepares to board Air Force One, to survey hurricane damage, at Muniz Air National Guard Base in Carolina, Puerto Rico, October 3, 2017. REUTERS/Jonathan Ernst
U.S. President Donald Trump returns a salute as he steps from Marine One to board Air Force One in Morristown, New Jersey, U.S., on his way back to Washington August 20, 2017. REUTERS/Kevin Lamarque
U.S. President Donald Trump salutes as he arrives at Newark International airport in Newark, NJ U.S., to spend a weekend at Trump National Golf Club in Bedminister, New Jersey, June 9, 2017. REUTERS/Yuri Gripas
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In May, when Republicans were getting ready to include funding for the parade in their annual defense bill, a Republican aide clarified that any equipment used would be at the discretion of Defense Secretary James Mattis.

"Of course you're gonna see a 21-gun salute, you're gonna see firing of cannons, and things like that — that's OK — that's traditional ceremonial function," the aide said. "What we don't wanna see are tanks rolling down Pennsylvania Avenue."

But the CNBC report noted that the parade is currently expected to include "approximately eight tanks, as well as other armored vehicles, including Bradleys, Strykers and M113s."

Trump demanded that the administration begin exploring a large parade for himself after attending the Bastille Day celebrations in Paris with French President Emmanuel Macron.

Trump's parade, which will run down Pennsylvania Ave, is slated for November 10.

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Military parades around the world
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Military parades around the world
Newly inaugurated U.S. President Donald Trump (in red tie), first lady Melania (L), Vice President Mike Pence and his wife Karen (R) preside over a military parade during Trump's swearing ceremony in Washington, U.S., January 20, 2017. REUTERS/Mike Segar
The U.S. Air Force Thunderbirds fly over the Arc de Triomphe du Carrousel during the traditional Bastille Day military parade in Paris, France, July 14, 2017. REUTERS/Philippe Wojazer TPX IMAGES OF THE DAY
Four Mirage 2000C and one Alpha jet flight over Paris, France, on their way to participate in the Bastille Day military parade, July 14 2016. REUTERS/Philippe Wojazer TPX IMAGES OF THE DAY
Russian servicemen march during the Victory Day parade, marking the 71st anniversary of the victory over Nazi Germany in World War Two, at Red Square in Moscow, Russia, May 9, 2016. REUTERS/Grigory Dukor TPX IMAGES OF THE DAY
A F-16 fighter jet from the Royal Singapore Air Force (RSAF) Black Knight aerobatics team leaves a smoke trail over the Marina waterfront during National Day Parade celebrations in Singapore August 9, 2008. REUTERS/Karishma Singh (SINGAPORE)
Indian police "Daredevils" motorcycle riders perform during the Republic Day celebration in Jammu, January 26, 2018. REUTERS/Mukesh Gupta
Soldiers march during a military parade to celebrate the 206th anniversary of Venezuela's independence in Caracas, Venezuela, July 5, 2017. REUTERS/Marco Bello TPX IMAGES OF THE DAY
Indian Army combat vehicles are displayed during the Republic Day parade in New Delhi, India January 26, 2018. REUTERS/Adnan Abidi
North Korean soldiers march during a military parade marking the 105th birth anniversary of the country's founding father Kim Il Sung in Pyongyang, North Korea, April 15, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
Members of the Honour Guard and the central military band of the Mongolian armed forces perform during the International Military Music Festival "Spasskaya Tower" media preview in Red Square in Moscow, Russia, August 26, 2016. REUTERS/Sergei Karpukhin TPX IMAGES OF THE DAY
Troops wave Mexico's flags during a military parade celebrating Independence Day at Zocalo Square in downtown Mexico City, Mexico, September 16, 2017. REUTERS/Henry Romero TPX IMAGES OF THE DAY
Missiles are driven past the stand with North Korean leader Kim Jong Un and other high ranking officials during a military parade marking the 105th birth anniversary of country's founding father Kim Il Sung, in Pyongyang April 15, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
Military vehicles carry DF-10 ship-launched cruise missiles as they travel past Tiananmen Gate during a military parade to commemorate the 70th anniversary of the end of World War II in Beijing Thursday Sept. 3, 2015. REUTERS/Andy Wong/Pool
Singapore's President Tony Tan (C) watches as tanks roll past during Singapore's Golden Jubilee parade at Padang near the central business district August 9, 2015. Singapore marks 50 years of independence on Sunday. An island of 5.5 million people that sits just north of the equator, what was a post-colonial backwater at independence from Malaysia in 1965 is now a global business hub whose economic and social model is the envy of nations around the world. REUTERS/Edgar Su
Servicemen march during a military parade marking Ukraine's Independence Day in Kiev, Ukraine August 24, 2017. REUTERS/Gleb Garanich
North Korean leader Kim Jong Un waves to people attending a military parade marking the 105th birth anniversary of country's founding father Kim Il Sung, in Pyongyang April 15, 2017. Towards the end of every parade, it is tradition for the North Korean leader to come to the edge of the balcony from where he watches the proceedings and wave to foreign and local dignitaries sitting on either side of the building. The photographers and cameramen file photos to the Korean Central News Agency, North Korea?s official state news outlet. The photographer on the far right has his hair styled in a similar way to Kim Jong Un, a common refrain amongst his bodyguards, aides and the photographers which surround him. REUTERS/Damir Sagolj SEARCH "PARADE WID" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
Tanks pass in front of the presidential tribune during the traditional Bastille day military parade on the Champs-Elysees in Paris, France, July 14, 2017. REUTERS/Yves Herman TPX IMAGES OF THE DAY
Moscow - Russia - 09/05/2017 - Russian President Vladimir Putin, Defence Minister Sergei Shoigu and Russian ground forces commander Colonel-General Oleg Salyukov walks along Red Square after the Victory Day military parade marking the World War II anniversary, in Moscow. REUTERS/Yuri Kochetkov/Pool
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