Trump's military parade could cost more than $90 million

Trump’s Military Parade Now Estimated to Cost $92 Million, Report Says

"It was one of the greatest parades I've ever seen", Trump told reporters.

The target date for the event had been November 10, but Department of Defense and White House officials "have now agreed to explore opportunities in 2019", Pentagon spokesman Army Col. Rob Manning said in a statement Thursday night.

Earlier in the day, CNBC and ABC News, citing unnamed officials, reported that the cost estimate of the parade - which was estimated in July to cost approximately $12 million - had swelled to $92 million.

But a U.S. official told AFP earlier Thursday the planning estimate had now gone as high as US$92 million, though no final figure has been reached.

The Veterans Day military parade ordered up by President Donald Trump would cost about $92 million, US officials say, citing preliminary estimates more than three times the price first suggested by the White House.

The ceremony is said to be largely inspired by Trump's front-row seat at France's Bastille Day military parade in Paris previous year.

The White House would have been consulted on the decision to postpone the parade, the official said. "Any cost estimates are pre-decisional".

Before the postponement announcement, Lietutenant-Colonel Jamie Davis, a Pentagon spokesman, would only say that Defence Department planning for the parade "continues and final details are still being developed".

The parade will also include will also include helicopter, fighter jet and historical military plane flyovers. Earlier this year, Trump bragged about saving costs by suspending joint military exercises with South Korea, which cost just $14 million.

The White House budget office had told Congress that the total cost of the parade would be somewhere between $10 million and $30 million. French President Emmanuel Macron is holding a gathering of world leaders in Paris on November 11 to celebrate the anniversary.

The Defense Department had already said the parade wouldn't happen this year.

While the United States largely refrains from holding military parades, tanks have rolled down the streets of Washington DC before.

"The American Legion appreciates that our President wants to show in a dramatic fashion our nation's support for our troops", National Commander Denise Rohan said.

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