How Much Does The Us Spend On Military

How Much Does The Us Spend On Military - Web In 2015 out of its budget of 3 97 trillion the US spent 637 billion on the military In 2016 the US spent 3 29 of its GDP on its military considering only basic Department of Defense budget spending more than France s 2 26 and less than Saudi Arabia s 9 85 Web Nov 30 2023 nbsp 0183 32 In 2022 the United States spent around 876 94 billion U S dollars on its military U S military spending has been increasing in current dollar terms since 2016 Spending increased Web Feb 3 2022 nbsp 0183 32 Estimated U S military spending for the fiscal year 2022 is 754 billion It covers the period October 1 2021 through September 30 2022 Military spending is the second largest item in the federal budget after Social Security This figure is more than the 715 billion outlined by the Department of Defense alone

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How Much Does The Us Spend On Military

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Web Jun 7 2022 nbsp 0183 32 President Joe Biden has signed the Fiscal 2023 National Defense Authorization Act into law allotting 816 7 billion to the Defense Department News Nov 22 2022 Austin Thanks Congress for

Web Apr 24 2023 nbsp 0183 32 The United States Spends More on Defense than the Next 10 Countries Combined Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2022

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Web Jul 30 2021 nbsp 0183 32 The U S is well known for its immense military and defense spending In 2020 the nation ranked 1 in the world in terms of military spending at 778 billion outpacing the next nine highest spenders which came out to 703 6 billion combined

Web Military expenditure current USD United States from The World Bank Data