A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.
- Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country’s ability to fund military activities. Factors include the size of that country’s economy, other financial demands on that entity, and the willingness of that entity’s government or people to fund such military activity. Generally excluded from military expenditures is spending on internal law enforcement and disabled veteran rehabilitation. The effects of military expenditure on a nation’s economy and society, and what determines military expenditure, are notable issues in political science and economics. There are controversial findings and theories regarding these topics. Generally, some suggest military expenditure is a boost to local economies. Still, others maintain military expenditure is a drag on development.
- Among the countries maintaining some of the world’s largest military budgets, China, India, France, Germany, Japan, Russia, the United Kingdom and the United States are frequently recognized to be great powers.
Country wise spendings
There are total 4 categories. Get the count of each category records
Last decade spendings trend
As per above graph United state’s spendings was increasing till year 2011. After that there is decline in spending. China is consistently increasing Millitary spendings. Rest top 10 countries has small spikes in spendings.