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The National Defense Authorization Act for Fiscal Year 2024 (NDAA 2024) is a United States federal law which specifies the budget, expenditures, and policies of the U.S. Department of Defense (DOD) for fiscal year 2024.
The accompanying graphs show that US military spending as a percent of gross domestic product (GDP) peaked during World War II. The table shows historical spending on defense from 1996 to 2022, spending for 2023–2024 is estimated. [108] The defense budget is shown in billions of dollars and total budget in trillions of dollars.
The House voted to pass its yearly defense bill Wednesday, adding about another $1 trillion to the $36 trillion national debt. The 1,800-page bill known as the National Defense Authorization Act ...
The Senate on Wednesday voted to pass the $895 billion Defense authorization bill, despite a provision on transgender care that turned off some Democrats, moving it along to President Biden’s ...
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.
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 ...
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
The act, nearly 3,100 pages long, called for a 5.2% pay raise for service members and increased the nation's total national security budget by about 3% to $886 billion.