Defense Budget Compensation Costs
Compensation and medical care make up about 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
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Compensation and medical care make up about 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
Defense spending is projected to stay below its historical share of GDP.
Spending on foreign affairs accounts for slightly more than 1 percent of total federal spending.
https://www.pgpf.org/chart-archive/0239_foreign_affairs_spending
Defense spending covers a wide range of activities.
https://www.pgpf.org/chart-archive/0314_defense_spending_categories
The composition of defense spending has changed over time.
https://www.pgpf.org/chart-archive/0315_defense_spending_change
“This new report provides the latest evidence that our fiscal condition has worsened significantly since the pandemic began, and will need to be addressed once we’re through the COVID crisis,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Our fiscal goal must be to stabilize the debt as a share of the economy, and put it on a downward path for the longer term.
https://www.pgpf.org/analysis/addressing-our-debt-a-national-security-imperative
“By any measure, the state of the Union’s fiscal outlook is unsustainable, and getting worse,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Framing the national debt as a national security imperative, the Coalition for Fiscal and National Security is led by a group of distinguished defense, economic, and foreign policy leaders calling for sound fiscal and defense policies to reflect the realities of the 21st century.
https://www.pgpf.org/pgpf-programs-and-projects/coalition-for-fiscal-and-national-security
Our most popular charts from 2016 illustrate the nation's fiscal challenges in areas like defense spending, healthcare, and tax reform.
https://www.pgpf.org/blog/2016/12/top-7-fiscal-charts-from-2016