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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.
The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
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.
A U.S. official said the $3.4 billion in budget funding brings the total in U.S. budget aid to Ukraine to just over $30 billion since Russia's invasion in February 2022.
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions This is a list of countries by past military expenditure , starting 1987. Methodology
This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
“Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud. That must change,” Sanders wrote on the social platform X .
The National Defense Authorization Act for Fiscal Year 2022 (S. 1605; NDAA 2022, Pub.L. 117-81) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for fiscal year 2022. Analogous NDAAs have been passed annually for 60 years.