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Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
Defense Spending as a Percent of GDP 1792–2017 Historical defense spending. 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. [110]
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.
The biggest news from the bill for Louisiana is the money appropriated for four bases, totaling $276 million in funds for construction. ... — The U.S. fiscal 2025 national defense budget ...
Austin recommends $50 billion boost above US 2026 defense spending projections, Bloomberg News reports. ... owing to a two-year budget deal struck in mid-2023 that limited the budget to a 1% ...
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 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.
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.