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Military Spending

Military Spending

Military spending, also known as a defense budget, is the amount of financial resources dedicated by an entity (most often a nation or a state), to raising and maintaining an armed forces. Military budgets often reflect how much an entity perceives the likelihood of threats against it, or the amount of aggression it wishes to employ.

 

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As of 2005 the United States is estimated to have military expenditures of about 4.06% of its GDP. The United States ranks 23 in its military expenditures as a percentage of GDP.

Article: Central Intelligence Agen...
Source: CIA

Studies suggest that high military spending as a percentage of GDP and of total government spending is directly associated to the corruption in a country. Higher levels of corruption tends to promote higher military spending as a percentage of GDP.

Article: Corruption and Military S...
Source: European Journal of Polit...

The United States ranks 1 in total sum of money spent in its military forces. The the world share of military expenditure of the United States is 41%, China is 8.2%, Russia is 4.1%, United Kingdom is 3.6% and France is 3.6%.

Article: The 15 countries with the...
Source: Stockholm International P...

The United States and much of Western Europe have recently trimmed their military spending because of budget constraints. This promoted a worldwide cut in military spending which had been growing for about 13 years. Few countries like Russia and China are maintaining or increasing their military spending despite worldwide cuts.

Article: Global military spending ...
Source: latimes.com

The total known land area occupied by U.S. bases and facilities is 15,654 square miles. This area is bigger than D.C., Massachusetts, and New Jersey combined.

Article: 15 Facts About Military S...
Source: Business Insider

The cost of the Manhattan Project (through August 1945) was of $20,000,000,000 dollars.The United States spent about $46 billion from 1940 to 1975 on operations related to both nuclear weapons and energy projects.

Article:   The New World: A History …
Source:  Offline Book/Journal

The State Department paid $15,300,000 to Japan following fallout from the 1954 "Bravo" nuclear test. The United States has spent more than $1.6 billion dollars to compensate victims of nuclear tests.

Article:   Elements of Controversy: …
Source:  Offline Book/Journal

More than $2,000,000,000 in currency was stored until 1988 by the Federal Reserve at its Mount Pony facility for use after the event of a nuclear war. Between 1950 and 1990 the possibility of a nuclear war became the most feared outcome the Cold War could create.

Article:   The Day After World War I…
Source:  Offline Book/Journal

There is a decline in total number of war veterans as soldiers from World War II and Korea die. However, the government expects to be spending $59 billion a year to compensate injured warriors in 25 years, up from today's $29 billion

Article: Number of disabled vetera...
Source: United States Senate

Despite the decrease in military expenditure as a percentage of GDP since World War II, the current defense spending is higher than at any time since World War II - including, Vietnam, the Korean War and the height of the Cold War during the Reagan Administration.

Article: Baucus Highlights War Spe...
Source: Baucus Highlights War Spe...

Total estimated spending on nuclear weapons and related programs in fiscal year 2008 was of at least $52.4 billion. There is, however, debate about whether the numbers reported by the government about military spending is accurate.

Article: How $52 Billion on Nuclea...
Source: Carnegie Endowment for In...
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