Record defense budget passed in US history
The US Senate has approved a record $858 billion defense budget. This is $45 billion more than President Joe Biden’s proposed defense budget. It also includes some money as aid to Ukraine and Taiwan
The US Senate on Thursday approved a record $858 billion in military spending next year.
The amount is $45 billion more than President Joe Biden’s proposed defense budget, while also eliminating the mandatory Covid vaccine mandate for the military.
It has been sent to President Biden for his approval. “We need to prioritize defense, that’s all,” said Jim Inhofe, a Republican who sits on the Senate Armed Services Committee.
The United States currently spends more than twice the total defense spending of the other 29 countries in the NATO defense alliance. Germany has approved a defense budget of 50.4 billion euros while also earmarking a special fund of 100 billion euros to modernize its army.
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How will this money be spent?
The budget money will be spent on weapons, ships and aircraft as well as a 4.6 percent increase in the salaries of soldiers. This includes the purchase of Lockheed Martin’s F-35 fighter jets and fighter jets manufactured by General Dynamics.
In view of rising tensions with China, Taiwan has been allocated billions of dollars in defense aid to facilitate the rapid acquisition of weapons for the Asian country.
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The budget also includes $800 million in additional security assistance for Ukraine next year
_World arms spending at record high
The US and China spent the most on their military in the world during the year 2021. According to a new report by Spry, these two countries spent 52 percent of the world’s total defense budget on their defense
According to the Swedish organization “Stockholm International Peace Research Institute” or SPR, which monitors the purchase and sale of weapons around the world, Russia had also increased its defense spending significantly before attacking Ukraine.
Highest spending on defense in history
According to a new report released by Spry today, Monday, April 25, last year, i.e., during 2021, global military spending exceeded two trillion dollars.
According to this Swedish think tank, which monitors the purchase and sale of weapons at the global level, during the year 2021, the multi-expenditure at the global level was recorded at 2.113 trillion dollars. This is 0.7% more than 2020 and 12% more than 2012.
Thus, it is a seventh constant year that the global military costs are increasingly increasing, even though the candida’s wishes have not been reduced to military costs even though. According to the Senior Richard Diggo Lopez Davi Sava, associated with the Sriviller’s Military Products and Arms Production Program, “the effectiveness of the world’s military expenses reached the highest level of the world’s most importantly countries,” the most countries of the United States and China, the most countries, most countries, most countries, countries, China, India, Britain and Russia respectively. These five countries spent 62 percent of the total military costs around the world. While only America and China spent 52% of the world’s military costs. It is constantly 27th year that China’s defense costs are increasing and last year this costs were $ 293 billion. Russian defense costs were recorded in the year 2021 in the year 20021
The US spend more than any other country in the country during any of the world and even more than a year ago, it was less than a year ago. According to the sparce, due to this lack of America, relatively low costs on research and development, but the US is focusing on the achievement of the latest weapons technology. India, the country’s third most military costs, India, spent $ 76.6 billion on their military during the year 2021 and it was the country’s third most defense expense. Indian Military Expenses were more than 0.9 percent compared to year 2020, while 33% of the year compared to 2012