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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.
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 .
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.
In 2023, the United States spent 3.4 percent of its gross domestic product on "defense," accounted for 69 percent of military spending by NATO members. With the exception of Poland, every other ...
Military budgets are increasing across the world, with the Stockholm International Peace Research Institute in May finding that US military budget in 2024 was $886 billion, an 8% increase over two ...
(If the US spent five percent of its budget on defense, the military’s budget would exceed $1.2 trillion.) For more CNN news and newsletters create an account at CNN.com. Show comments.
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.
WASHINGTON (Reuters) -The United States on Monday announced nearly $6 billion in additional military and budget assistance for Ukraine as President Joe Biden uses his final weeks in office to ...