Military budget

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.

Generally excluded from military expenditures is spending on internal law enforcement and disabled veteran rehabilitation.

[5] According to the Stockholm International Peace Research Institute, in 2023, total world military expenditure amounted to US$2.443 trillion.

[7] 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]