What was the US defense budget in 2015?
$560.4 billion
The Obama Administration’s fiscal year (FY) 2015 budget requests a total of $560.4 billion in funding for the Department of Defense (DoD), including $495.6 billion in the base discretionary budget, $6.2 billion in mandatory funding, and $58.6 billion in supplemental funding for Overseas Contingency Operations (OCO).
How much did the military spend in 2015?
In fiscal year 2015, military spending is projected to account for 54 percent of all federal discretionary spending, a total of $598.5 billion.
What is the fy21 DOD budget?
Publicly Released: Feb 24, 2021. Defense spending amounted to $714 billion in FY 2020—and is expected to increase to $733 billion in FY 2021. We testified about ways that DOD can better manage defense spending.
Which has the most significant impact on the Department of Defense budget increase between 2001 and 2014?
The Department of Defense’s base budget increased by 31 percent (adjusted for inflation) between 2000 and 2014, mainly because of higher costs for military personnel and operation and maintenance.
What was the defense budget in 2016?
$611 billion
The US spent $611 billion on its military in 2016 — more than the next 8 countries combined. According to 2016 estimates gathered by the Stockholm International Peace Research Institute, the United States was responsible for 36% of the entire world’s military spending.
Has DOD 2021 budget passed?
In a bipartisan blowout, 181 Democrats teamed with 135 Republicans to push the bill across the finish line. The House on Thursday easily passed a $768 billion defense policy bill that endorses a major budget boost, dealing the biggest blow yet to President Joe Biden’s Pentagon spending plans.
What is the DOD budget for 2021?
$703.7 billion
The FY 2022 President’s Budget request of $715 billion when compared to the FY 2021 enacted amount of $703.7 billion, reflects a 1.6% increase.