Military Spending Measure

A Military Spending Measure is a government spending measure for Armed Forces.

• Context:
  • output: Military Spending Value.
  • It can be normalized as a per Capita Military Spending Measure or a Military Spending to GDP Measure.
  • ...
• Example(s):
  • Global Military Spending.
  • U.S. Military Spending, Chinese Military Spending, German Military Spending, Canadian Military Spending.
  • …
• Counter-Example(s):
  • Social Welfare Spending.
• See: Armed Forces & Society, Arms Race.

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References

2017

• (Wikipedia, 2017) ⇒ https://en.wikipedia.org/wiki/Military_budget Retrieved:2017-12-29.
  • A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.

    Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country's ability to fund military activities. Factors include the size of that country's economy, other financial demands on that entity, and the willingness of that entity's government or people to fund such military activity. Generally excluded from military expenditures is spending on internal law enforcement and disabled veteran rehabilitation. The effects of military expenditure on a nation's economy and society, and what determines military expenditure, are notable issues in political science and economics. There are controversial findings and theories regarding these topics. Generally, some suggest military expenditure is a boost to local economies. Still, others maintain military expenditure is a drag on development. Every year in April is the Global Day of Action on Military Spending (GDAMS), which aims to gather people and create a global movement that persuades governments to reallocate their military spending to essential human needs such as food, education, health care, social services and environmental concerns. Among the countries maintaining some of the world's largest military budgets, China, France, Germany, Japan, Russia, the United Kingdom and the United States are frequently recognized to be great powers. According to the Stockholm International Peace Research Institute, in 2014, total world military expenditure amounted to 1.8 trillion US$.

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