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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 UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new fiscal year.
In 2023, 11 Nato countries met this pledge, including the UK, the US and Poland. The latest annual report from Nato Secretary General Jens Stoltenberg suggests that in 2024, this number is likely ...
Total defence expenditure of the European Defence Agency (EDA) Member States was €214 billion in 2021, which was 1.5% of the 26 EDA Member States’ GDP, the same percentage as in 2020. [ 2 ] By GDP per capita
Brings UK military spending to 2.25% of GDP by 2025, says chancellor. For premium support please call: 800-290-4726 more ways to reach us
A military budget (or military expenditure), ... Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions Defense spending in the UK over time
In a highly unusual intervention from two serving ministers, both Tom Tugendhat and Anne-Marie Trevelyan have called for increased defence spending. Defence spending must be raised ‘as soon as ...
The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.