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Wednesday, June 1, 2016

Weapons Industry: U.S. Military Spending vs. the World

The U.S. outpaces all other nations in military expenditures. World military spending totaled more than $1.6 trillion in 2015. The U.S. accounted for 37 percent of the total.

                                                     The U.S. military expenditures are roughly the size of the next seven largest military budgets around the world, combined.

In fiscal year 2015, military spending is projected to account for 54 percent of all federal discretionary spending, a total of $598.5 billion. Military spending includes: all regular activities of the Department of Defense; war spendingnuclear weapons spendinginternational military assistance; and other Pentagon-related spending.

Read more: U.S. Military Spending vs. the World