What was the military budget in 2015?

What was the military budget in 2015?

The Obama Administration’s fiscal year (FY) 2015 budget requests a total of $560.4 billion in funding for the Department of Defense (DoD), including $495.6 billion in the base discretionary budget, $6.2 billion in mandatory funding, and $58.6 billion in supplemental funding for Overseas Contingency Operations (OCO).

What was the defense budget in 2016?

$611 billion
The US spent $611 billion on its military in 2016 — more than the next 8 countries combined. According to 2016 estimates gathered by the Stockholm International Peace Research Institute, the United States was responsible for 36% of the entire world’s military spending.

Is DoD funded for 2021?

The Defense Department is asking Congress for $715 billion in its fiscal 2022 budget, an increase of about $10 billion from what was allocated in 2021. President Joe Biden’s budget proposal seeks $753 billion overall for national defense, a 2% uptick over the prior year.

What is DoD budget for 2020?

$714 billion
Publicly Released: Feb 24, 2021. Defense spending amounted to $714 billion in FY 2020—and is expected to increase to $733 billion in FY 2021.

Who spends the most on military?

The United States
The ten countries with the highest military expenditures are: The United States ($778 billion)…Military Spending By Country 2021.

Country Spending (USD $) 2021 Population
United States $750.00 Bn 332,915,073
China $237.00 Bn 1,444,216,107
Saudi Arabia $67.60 Bn 35,340,683
India $61.00 Bn 1,393,409,038

What is the DoD budget 2021?

$703.7 billion
The FY 2022 President’s Budget request of $715 billion when compared to the FY 2021 enacted amount of $703.7 billion, reflects a 1.6% increase.

What is the yearly budget of the US military?

The budget funds four branches of the U.S. military: the Army, Marine Corps, Navy, and Air Force. For Fiscal Year 2019 (FY2019), the Department of Defense’ budget authority is approximately $693,058,000,000.

What is defense budget?

United States Department of Defense budgetUS$530.1 billion (2010)US$549.1 billion (2011)US$553.0 billion (est. 2012)US$496.1 billion (2015)US$534.3 billion (base FY2016)

How much is the military budget?

At $730 billion in 2019, military spending accounted for more than 53 percent of the federal discretionary budget – the budget that Congress sets each year during its annual appropriations process.

What is military spending budget?

The military budget is the portion of the discretionary United States federal budget allocated to the Department of Defense, or more broadly, the portion of the budget that goes to any military-related expenditures.