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In FY 2024, total US government spending for defense (including military defense, veterans affairs, and foreign policy) is budgeted to be $1,325.0 billion. Military spending is budgeted at $907.7 billion, Veterans spending is budgeted at $347.4 billion, and foreign policy and foreign aid spending is budgeted at $69.8 billion.
Fiscal Year | Military Spending | Veterans | Foreign Aid | Total Defense |
2022 | $765.6 billion | $275.4 billion | $71.9 billion | $1,112.9 billion |
2023 | $820.3 billion | $302.6 billion | $69.3 billion | $1,192.2 billion |
2024 | $907.7 billion | $347.4 billion | $69.8 billion | $1,325.0 billion |
2025 | $926.8 billion | $371.3 billion | $66.5 billion | $1,364.6 billion |
Military Spending is spending by the Department of Defense. Foreign Aid includes both military aid and other foreign aid.
In peace time, the US government used to spend very little on defense, about one percent of GDP.
But that changed after World War II when the United States found itself in a
global contest against Communism.
Ever since, defense spending has never been less than 3.6 percent of GDP. In wartime, of course, the United States spends as much as it can command. In World War II
defense spending exceeded 41 percent of GDP in 1945.
Defense spending declined in the 1990s after the end of the Cold War and increased in the 2000s during the War on Terror.
Chart 2.32: Recent Defense Spending
Defense spending stood at 6.8 percent of GDP at the height of the Reagan defense buildup. But, beginning even before the breakup of the Soviet Union it began a decline, reaching below 6 percent in 1990, below 4 percent in 1996 and bottoming out at 3.5 percent of GDP in 2001, about half the level of 1985.
But 9/11, the terrorist attack on iconic US buildings in 2001, changed that, and defense spending began a substantial increase in two stages. First, it increased to 4.6 percent by 2005 for the invasion of Iraq, and then to 5.0 percent in 2008 for the the surge in Iraq.
Spending increased further to 5.7 percent in 2011 with the stepped up effort in Afghanistan. Defense spending declined to 4.2 percent of GDP in 2018.
In FY2023 defense spending was 4.3 percent GDP.
See also Defense Spending Analysis.
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Spending data is from official government sources.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of spending data sources here.
Medicare breakdown here; Medicaid breakdown here.
Federal spending data begins in 1792.
State and local spending data begins in 1820.
State and local spending data for individual states begins in 1957.
Debt Now: | $34,558,286,201,504.24 | Debt 2/2020: | $23,409,959,150,243.63 |
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On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025.
Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.
$ billion | Estimate for 2024 in FY2024 Budget | Estimate for 2024 in FY2025 Budget | Change |
Federal Outlays | $6,371.8 | $6,940.9 | +$569.1 |
Federal Receipts | $4,802.5 | $5,081.6 | +$279.1 |
Federal Deficit | $1,569.4 | $1,859.4 | +$290.0 |
You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.
Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
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Although the FY 2024 appropriations process is not yet resolved
Biden to Release Budget March 9
will press McCarthy On Default Risk - Bloomberg
Biden to Release 2023 Budget Request on March 28
how the administration expects to spend money for priorities including aid to Ukraine and the continuing effort to fight the coronavirus pandemic, as well as legislative proposals such as increased funding for community policing programs, cancer research, and mental health education.
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