This paper addresses the problem of determining the proper level of concurrent spare parts(CSP) for a system consisting of multi-item parts under an available budget constraint. Initial provisioning of spare parts plays a major role in the acquisition of a new equipment system. Therefore, the proper level of spare parts should be on hand to maintain the availability of the system. This paper proposes a new CSP model and solution procedure that determines the proper level of spare parts satisfying the item priority and simultaneously available budget constraint.