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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.
The James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 (NDAA 2023) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for fiscal year 2023. Analogous NDAAs have been passed annually for over 60 years.
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
President Biden is officially proposing $813.3 billion in defense and national security spending as part of his budget request for fiscal 2023.The request, which was first reported late last week ...
The Senate Appropriations Committee is proposing $850 billion in total national defense spending for fiscal 2023, as part of its nearly $1.7 trillion spending package unveiled Thursday. The bulk ...
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.
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 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 ...