I would say it's the money. In the long term, if there isn't more money, the navy is going to lose capability and lose readiness over time. If there's more money, then it's a question of how it gets spent and what that's actually directed toward. Depending on the allocation, the navy could benefit more than some of the other services. Without increased funding, the government will not be able to do the same things in the future that it does today.
On February 7th, 2017. See this statement in context.