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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.
In 1970, the United States government spent just over $80 billion on national defense. Over the next two decades, national defense spending increased steadily to around $300 billion per year. [11] Military spending fell in the 1990s, but increased markedly in the 2000s as a result of the War in Afghanistan and Iraq.
The annual cost of the United States Department of Defense black budget was estimated at $30 billion in 2008, [6] but was increased to an estimated $50 billion in 2009. [7] A black budget article by The Washington Post, based on information given by Edward Snowden, detailed how the US allocated $52.8 billion in 2012 for the black budget. [1]
The United States spends more on defense than the next 10 highest-spending countries combined. Defense accounts for half of America's discretionary spending and 15% of total federal spending.
See how the US military budget compares to other countries around the world. ... 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions; Animals. Business. Elections. Entertainment.
A recent analysis by the Congressional Budget Office projected that federal spending on debt interests alone would reach $870 billion in 2024, which is not only a 32 percent increase from 2023's ...
In 2009, the US Department of Defense's annual report to Congress on China's military strength offered several estimates of actual 2008 Chinese military spending. In terms of the prevailing exchange rate, Pentagon estimates range between US$105 and US$150 billion, [ 54 ] the second highest in the world after the US.
Retired U.S. Air Force combat pilot Brad Gutierrez writes the U.S. overspends on military over the health and education of its residents.