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2. 2012. DoD budget: $645.5 billion Year-over-year difference:-6.04% or $41.5 billion The National Defense Authorization Act for fiscal year 2012 was enacted, which implemented major budgetary ...
Mandatory spending of $10.77 billion, the Department of Energy and defense-related spending of $37.335 billion added up to the total FY2021 Defense budget of $753.5 billion. [48] FY2021 was the last year for OCOs as shown by the troop withdrawal from Afghanistan.
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 .
A United States federal law that specified the budget and expenditures of the United States Department of Defense (DOD) for Fiscal Year 2014. The law authorized the DOD to spend $607 billion in Fiscal Year 2014. [ 8 ]
After a great deal of chaos, on March 23—about halfway through the fiscal year—Congress approved an appropriations bill worth $825 billion for defense in FY 2024 to avoid a partial government ...
As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget. [13] Figure C provides a historical picture of military spending over the last few decades. In 1970, the United States government spent just over $80 billion on national defense.
For the first seven months of fiscal year 2024, which began last October, net interest payments totaled $514 billion, outpacing defense by $20 billion. Budget analysts think that trend will ...
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