A military budget (or military expenditure), also known as a msdon budget, is the amount of financial resources dedicated by an entity (most often a nation or a state), to raising and maintaining an armed forces. Military budgets often reflect how much an entity perceives the likelihood of threats against it, or the amount of aggression it wishes to employ. It also provides an idea of how much finances could be provided for the upcoming year. The size of a budget also reflects the entity's ability to fund military activities, with factors including the size of that entity'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.
According to the Stockholm International Peace Research Institute, in 2011, world military expenditure for the world amounted to 1.735 trillion US$.
Read more about Military Budget: SIPRI Yearbook 2012 - World's Top 15 Military Spenders
Famous quotes containing the words military and/or budget:
“War both needs and generates certain virtues; not the highest, but what may be called the preliminary virtues, as valour, veracity, the spirit of obedience, the habit of discipline. Any of these, and of others like them, when possessed by a nation, and no matter how generated, will give them a military advantage, and make them more likely to stay in the race of nations.”
—Walter Bagehot (1826–1877)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)