
Trend in Defense Spending
Defense spending is projected to stay below its historical share of GDP.
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Defense spending is projected to stay below its historical share of GDP.
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
The United States spent $631 billion on national defense during fiscal year (FY) 2018 according to the Office of Management and Budget, which amounts to 15 percent of the federal budget.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
Spending on foreign affairs accounts for slightly more than 1% of total federal spending.
https://www.pgpf.org/chart-archive/0239_foreign_affairs_spending
Compensation and medical care make up more than 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
The United States spends more on defense than the next seven countries combined.
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
During the final debates, it's up to us to pay attention to how our presidential candidates’ plans could impact America's future. While the budget and economy were already major topics, the upcoming debates will highlight national security and a range of other issues — both foreign and domestic — that also have implications for our long-term fiscal health.
https://www.pgpf.org/budget-basics/how-does-our-debt-affect-americas-foreign-policy
The defense share of the federal budget has averaged 21 percent over the past two decades.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources