The potential price tag for the military display would have been $92 million, according to reports.
ADVERTISEMENTPresident Donald Trump said Friday he has canceled a planned military parade this fall in the nation's capital because of the "ridiculously high" price tag given by D.C. officials.
"The local politicians who run Washington, D.C. (poorly) know a windfall when they see it. When asked to give us a price for holding a great celebratory military parade, they wanted a number so ridiculously high that I cancelled it," Trump tweeted.
"Never let someone hold you up! I will instead attend the big parade already scheduled at Andrews Air Force Base on a different date, & go to the Paris parade, celebrating the end of the War, on November 11th. Maybe we will do something next year in D.C. when the cost comes WAY DOWN. Now we can buy some more jet fighters!"
On Thursday, a defense official told NBC News that the upper estimate of the cost of the parade was $92 million, a figure first reported by CNBC. The potential cost was way above initial estimates.
The military parade was requested by Trump earlier this year.
The Department of Defense said Thursday that the parade was delayed until 2019.
"The Department of Defense and White House have been planning a parade to honor America's military veterans and commemorate the centennial of World War I," said Col. Rob Manning on Thursday. "We originally targeted November 10, 2018 for this event but have now agreed to explore opportunities in 2019."