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The 2018 budget is approximately 2.5 times larger than the $250 billion military budget of China. The US and its close allies are responsible for two-thirds to three-quarters of the world's military spending (of which, in turn, the US is responsible for the majority).
The Trump administration proposed its 2018 budget on February 27, 2017, ahead of his address to Congress, outlining $54 billion in cuts to federal agencies and an increase in defense spending. [6] On March 16, 2017, President Trump sent his budget proposal to Congress, remaining largely unchanged from the initial proposal. [ 7 ]
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.
The National Defense Authorization Act for Fiscal Year 2018 (H.R. 2810; NDAA 2018, Pub.L. 115–91) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for Fiscal Year 2018. Analogous NDAAs have been passed in previous and subsequent years.
The budget, called the Servicemember Quality of Life Improvement and National Defense Authorization Act, received final passage from the House Dec. 11 and is now under consideration by the Senate.
As the continuing resolution (CR) from January 22 expired, the Senate debated a bill, the Bipartisan Budget Act of 2018, that included (among other things) two-year appropriations for the military, a 6-week CR extension for funding the rest of government, and a raising of the debt ceiling.
Recent Democratic and Republican presidents have championed their cause, including President Donald Trump, who signed Executive Order 13832 in 2018, encouraging federal agencies to hire military ...
The National Defense Authorization Act (NDAA) is any of a series of United States federal laws specifying the annual budget and expenditures of the U.S. Department of Defense. The first NDAA was passed in 1961.