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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.
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.
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 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 ...
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 ...
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 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 .
The United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion. ... interest expenses in 2024 are running 41% higher than in 2023.