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Aug 1, 2024 · What percentage of the US budget goes toward the military? In 2023, defense spending made up 13.3% of the federal budget. Since 1980, the percentage of federal spending for the military has fluctuated between a height of 27.9% in 1987 and lows of 11% in 2020 and 2021.
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.
U.S. military spending/defense budget for 2022 was $876.94B, a 8.77% increase from 2021. U.S. military spending/defense budget for 2021 was $806.23B, a 3.58% increase from 2020. U.S. military spending/defense budget for 2020 was $778.40B, a 6% increase from 2019.
Mar 6, 2024 · In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.
- How Is The Defense Budget allocated?
- How Has National Defense Spending Changed Over time?
- National Defense Spending Remains A Top Priority of The Federal Government
The majority of the overall defense budget, $776 billion in FY2023, was spent by the Department of Defense (DoD) on military activities. The remaining $43 billion was spent on defense-related activities carried out by other agencies, such as the Department of Energy and the Federal Bureau of Investigation. DoD funding for military activities suppor...
The composition of DoD spending has varied over time. Operation and maintenance accounted for 39 percent of military spending in 2023, which is up from just over one-quarter of all military spending in 1973. Although the United States was involved in the Vietnam War around that time and operational costs were significant, a much larger share of mil...
The national defense budget funds a wide range of activities and represents a significant share of overall federal spending. Indeed, the United States spends more than any other advanced economy in this area, not only in raw dollars, but also as a share of the economy. While the appropriate level of defense funding is part of an ongoing debate, one...
Nov 1, 2023 · For decades, it has been recognized by independent researchers that actual U.S. military spending is approximately twice the officially acknowledged level. 1 In 2022, actual U.S. military spending reached $1.537 trillion—more than twice the officially acknowledged level of $765.8 billion.
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Mar 28, 2022 · By percentage, the Air Force department receives 30.3 percent of the budget with the Navy receiving 29.9 percent. The Army receives 22.9 percent and defense-wide is pegged at 16.9...
