Jump to content

Military budget

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 2a00:23c4:188d:6000:f962:ee0e:d524:2225 (talk) at 14:24, 18 June 2018 (→Historic expenditure: Correct me if I am wrong, but the section I deleted has nothing to do with the subject). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Top ten military expenditures in billion US$ in 2014, according to the International Institute for Strategic Studies
Map of military expenditures as a percentage of GDP by country, 2015.[1]

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.[2] 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.[3] Still, others maintain military expenditure is a drag on development.[4]

Every year in April is the Global Day of Action on Military Spending (GDAMS), which aims to gather people and create a global movement that persuades governments to reallocate their military spending to essential human needs such as food, education, health care, social services and environmental concerns.[5]

Among the countries maintaining some of the world's largest military budgets, China, France, Germany, Japan, Russia, the United Kingdom and the United States are frequently recognized to be great powers.[6]

According to the Stockholm International Peace Research Institute, in 2014, total world military expenditure amounted to 1.8 trillion US$.[7]

Historic expenditure

Main article: List of countries by past military expenditure

The Saturday Review magazine in February 1898 outlined the levels of military expenditure as a percentage of tax revenue spent by the then great powers for the year 1897:[8]

  • United States: 17%. The United States has fluctuated for decades, depending on the conflict of the time. The first spike in defense spending, and in turn taxes, came during the very beginning of the 19th century.[9] During World War I, the United States spent 22% of Gross Domestic Product, while during peacetime, the government spent on as little as 1% Gross Domestic Product (GDP).[10] This changed following World War II as the United States and its citizens were experiencing an immense fear of the expansion of Communism and therefore heightened security on all fronts. This was supported by Americans as it brought upon them a sense of security and the 3.6% GDP they were contributing to was a large decrease from the whopping amounts of capital being spent during WWII that exceeded 41%, before decreasing to 10% during the Cold War and for about two more decades after, including the Vietnam War, before beginning to decrease in the 1970s down to 6%, then 5.5% in 1979 before beginning to steadily incline once again.[10][9] After 2001, though, and the September 11 terrorist attacks, defense spending spiked again, peaking at 5.7% in 2010.[10]
  • Russian Empire: 21%
  • French Third Republic: 27%
  • British Empire: 39%
  • German Empire: 43%
  • Empire of Japan: 55%

Projected expenditure

A 2014 academic report from the United Kingdom's Ministry of Defence outlines projected defence expenditure of major powers for the year 2045.[11]

Projected military expenditure of the world's major powers in 2045.[11]

(all spending figures are adjusted for PPP, and are expressed in billions of US dollars, at 2012 values)

Country 2012 Rank 2012 Spending 2045 Rank 2045 Spending
United States United States 01 682 01 1,335
China China 02 251 02 1,270
India India 08 46 03 654
Russia Russia 04 113 04 295
United Kingdom United Kingdom 05 58 05 108
Brazil Brazil 010 35 06 89
France France 06 51 07 87
Japan Japan 07 46 08 67
Germany Germany 09 46 09 63

See also

References

  1. ^ 2015 data from: "Military expenditure (% of GDP). Stockholm International Peace Research Institute ( SIPRI ), Yearbook: Armaments, Disarmament and International Security". World Bank. Retrieved 2017-05-04.
  2. ^ Statistics on Defense Expenditures in the U.S. per Capita, 1990-2011, NATO, April 2012.
  3. ^ Hicks, Louis; Curt Raney (2003). "The Social Impact of Military Growth in St. Mary's County, Maryland, 1940-1995". Armed Forces & Society. 29 (3): 353–371. doi:10.1177/0095327x0302900303.
  4. ^ Nef, J.U. (1950). War and Human Progress. Cambridge: Harvard University Press.
  5. ^ "Global Campaign on Military Spending - Cut Military Spending - Fund Human Needs". Global Campaign on Military Spending. Retrieved 18 December 2017.
  6. ^ Baron, Joshua (22 January 2014). Great Power Peace and American Primacy: The Origins and Future of a New International Order. United States: Palgrave Macmillan. ISBN 1137299487.
  7. ^ "US military spending falls, increases in eastern Europe, Middle East, Africa and Asia". www.sipri.org. SIPRI. Retrieved 17 April 2015.
  8. ^ Frank Harris (editor) (February 1898). Saturday Review Magazine. {{cite book}}: |last1= has generic name (help)
  9. ^ a b Borch, Casey, and Michael Wallace. “Military Spending and Economic Well-Being in the American States: The Post-Vietnam War Era.” Social Forces, vol. 88, no. 4, 2010, pp. 1727–1752. Oxford University Press, doi: 10.1353/sof.0.0268. Accessed 15 October 2017.
  10. ^ a b c Chantrill, Christopher. “What Is the Total US Defense Spending?” US Government Defense Spending History with Charts - a Www.usgovernmentspending.com Briefing, American Thinkers, 17 July 2011, www.usgovernmentspending.com/defense_spending
  11. ^ a b Global Strategic Trends out to 2045, gov.uk, 15 July 2014
Retrieved from "https://en.wikipedia.org/w/index.php?title=Military_budget&oldid=846397742"