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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 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 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.
Military spending accounted for around $824 billion in 2024, almost half of U.S. discretionary spending, and an increase of almost $27 billion from 2023. According to data compiled by the Peter G ...
U.S. Defense Secretary Pete Hegseth said on Tuesday he wanted to increase overall U.S. defense spending and played down concerns over a pending audit by Elon Musk aimed at finding billions of ...
Trump said Musk's unofficial Department of Government Efficiency (Doge) would soon examine spending in the military and the Department of Education, possibly in the next "24 hours". "Let's check ...
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 .
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 ...