| Military Budget Of The United States |
Article Index for Military Budget |
Website Links For Military |
Information AboutMilitary Budget Of The United States |
| CATEGORIES ABOUT MILITARY BUDGET OF THE UNITED STATES | |
| military of the united states | |
| united states budget | |
|
For 2007, the budget was raised to a total of US$532.8 Billion.http://www.dod.mil/comptroller/defbudget/fy2007/ This does not include many military-related items that are outside of the Defense Department budget, such as nuclear weapons research, maintenance and production (which is in the Department Of Energy budget), Veterans Affairs or the wars in Iraq and Afghanistan (which are largely funded through extra-budgetary supplements, e.g. $120 Billion in 2007).1 Conversely, the military budget does include a certain amount of spending that is of dual-use nature; for instance, infrastructure development for areas around US military bases within the United States often fall under the military budget. BUDGET FOR 2007 The federally budgeted (see below) military expenditure of the United States Department Of Defense for fiscal year 2007http://www.defenselink.mil/news/Feb2006/d20060206slides.pdf page 19 is: Further, the Department Of Energy will spend an additional $23.4 Billion during FY2007 for the development, maintenance and production of Nuclear Warheads .http://www.armscontrolcenter.org/archives/002238.php MILITARY SPENDING RELATIVE TO OTHER COUNTRIES ]] A comparison of the budgets for the world's greatest military spenders. Note that this comparison is done in Nominal Value US Dollar s and thus is not adjusted for Purchasing Power Parity The current ( 2005 ) United States military budget is larger than the military budgets of the Next Fourteen Biggest Spenders combined, and over eight times larger than the Official Military Budget Of China . The United States and its close allies are responsible for approximately two-thirds of all Military Spending on Earth (of which, in turn, the US is responsible for the majority). Military spending accounts for more than half of the United States' federal Discretionary Spending , which is all of the U.S. government's money that is not used for pre-existing obligations.2 According to the Stockholm International Peace Research Institute , in 2003 the United States spent approximately 47% of the world's total military spending of US$910.6 billion. As percentage of its GDP, the United states spends 3.7% on military. This is higher than France's 2.6%, and lower than Saudi Arabia 's 10%.3 This is historically low for the United States since it peaked in 1944 at 37.8% of GDP. Even during the peak of the Vietnam War the percentage reached a high of 9.4% in 1968 .4 Because the U.S. GDP has risen over time, the military budget can rise in absolute terms while shrinking as a percentage of the GDP. For example, according to the Center for Defense Information, the US outlays for defense as a percentage of federal discretionary spending, has from Fiscal Year 2003 consumed more than half (50.5%) of all such funding and has risen steadily.5 Discretionary spending accounts for approximately 1/3 of all federal outlays.http://www.house.gov/jec/fiscal/budget/restrain/update/update.htm Therefore, comparing nominal dollar values of military spending over the course of decades fails to account for the impact of inflationary forces, for which military spending as a percentage of GDP does account. The recent invasions of military spending which is not listed as Federal spending and is not included in published military spending figures. Other military-related items, like maintenance of the nuclear arsenal and the money spent by the Veterans Affairs Department, are not included in the official budget. Thus, the total amount spent by the United States on military spending is higher. REFERENCES |
|
|