Search results
Results From The WOW.Com Content Network
Military budget of China, USSR, Russia and US in constant 2021 US$ billions Military spending as a percent of federal government revenue. The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures.
As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget. [14] Figure C provides a historical picture of military spending over the last few decades. In 1970, the United States government spent just over $80 billion on national defense.
9. 2019. DoD budget: $687.8 billion Year-over-year difference: +2.56% or $17.2 billion Former President Trump became the first U.S. sitting president to step across the military demarcation line ...
The Saturday Review magazine in February 1898 outlined the levels of military expenditure as a percentage of tax revenue spent by the then great powers for the year 1897: [8] United States: 17%. (See Military budget of the United States.) The United States has fluctuated for decades, depending on the conflict of the time.
The United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion.. Yet this spending is rapidly being eclipsed by the fastest-growing ...
A United States federal law that specified the budget and expenditures of the United States Department of Defense (DOD) for Fiscal Year 2014. The law authorized the DOD to spend $607 billion in Fiscal Year 2014. [8] On December 26, 2013, President Barack Obama signed the bill into law. [9]
Add to that the nondiscretionary spending on defense, like veterans benefits, which is separate from the U.S. defense budget, and annual defense spending has already crossed the $1 trillion mark.
They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1] If there is no data for a particular year, a cell is left blank. Although the database includes statistics for over 150 countries, per SIPRI's Terms and Condition permission is needed to directly reproduce more than ...