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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.
Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country's ability to fund military activities. [1]
The National Defense Authorization Act for Fiscal Year 2020 (S. 1790; NDAA 2020, Pub.L. 116-92) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for fiscal year 2020. Analogous NDAAs have been passed in previous and subsequent years. [1]
As a percentage of GDP, the annual deficit has nearly doubled in just 10 years, from 2.8% in 2014 to a projected 5.3% in 2024. So there's just a lot more borrowing to pay interest on.
National Defense Authorization Act for Fiscal Year 1987 Pub. L. 99–661: COMPS-1483 1988 National Defense Authorization Act for Fiscal Years 1988 and 1989 Pub. L. 100–180: COMPS-10572 1989 National Defense Authorization Act, Fiscal Year 1989 Pub. L. 100–456: COMPS-634 1990
President Obama's 2010 budget proposal includes a total of $663.8 billion, including $533.8 billion for the DOD and $130 billion for overseas contingencies, primarily the wars in Iraq and Afghanistan. The proposed DoD base budget represents an increase of $20.5 billion over the $513.3 billion enacted for fiscal 2009.
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An unclassified PowerPoint presentation obtained by Tim Shorrock for a 2007 DIA acquisition conference shows that 70% of the intelligence budget went to defense contractors. In response, the ODNI stated that the overall intelligence budget, or breakdowns of it, could not be calculated based on the figures in the presentation. [3]