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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
Mandatory spending of $10.77 billion, the Department of Energy and defense-related spending of $37.335 billion added up to the total FY2021 Defense budget of $753.5 billion. [48] FY2021 was the last year for OCOs as shown by the troop withdrawal from Afghanistan.
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... converted at the exchange rate for the given year. [1] ... Military budget;
After a great deal of chaos, on March 23—about halfway through the fiscal year—Congress approved an appropriations bill worth $825 billion for defense in FY 2024 to avoid a partial government ...
WASHINGTON (Reuters) -The Pentagon said on Wednesday it was directing military leaders to draw up a list of potential cuts totaling about $50 billion from the upcoming budget for fiscal year 2026 ...
The remaining 48% of funds is divided among non-defense items such as transportation and education. Total discretionary spending approved for the fiscal year 2019 is $1,305 billion, just 28% of total spending. [11]
2. 2012. DoD budget: $645.5 billion Year-over-year difference:-6.04% or $41.5 billion The National Defense Authorization Act for fiscal year 2012 was enacted, which implemented major budgetary ...
The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area. As a share of GDP the average was 1.3% in the EU and in the euro area. [1] Total defence expenditure of the European Defence Agency (EDA) Member States was €279 billion in 2023, which was 1.6% of the 27 EDA Member States’ GDP. [2]