The United States Spends More on Defense than the Next 9 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
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Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal well-being.
https://www.pgpf.org/infographic/infographic-us-healthcare-spending
A new report, prepared by Macroeconomic Advisers, LLC for the Peter G. Peterson Foundation, examines the cost of crisis-driven fiscal policy over the past few years.
https://www.pgpf.org/pgpf-programs-and-projects/the-cost-of-crisis-driven-fiscal-policy
Healthcare spending in the United States is a key driver of the nation’s fiscal imbalance and has risen notably over the past few decades.
https://www.pgpf.org/blog/2024/03/7-key-facts-about-us-healthcare-spending
Healthcare spending is a critically important part of the American economy and the federal budget.
Making changes to defense, health care and Social Security will help us reduce our debt, and also leave money to fund other critical responsibilities and invest in our future.
https://www.pgpf.org/budget-basics/the-other-20-of-federal-spending
Federal Spending in the federal budget can be divided into three categories: mandatory, discretionary, and interest. Learn how these categories have changed over time.
https://www.pgpf.org/finding-solutions/understanding-the-budget/spending
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
The U.S. spent $820 billion on national defense during fiscal year (FY) 2023 according to the Office of Management and Budget, which amounted to 13 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
“Today’s new survey shows that fiscal concerns are top of mind in this election, and they want leaders who are committed to solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/04/fci-press-release