Category: Federal Budget

Mapped: The World’s Top Countries for Military Spending


This post is by Aran Ali from Visual Capitalist


Mapped The World's Top Military Spenders in 2020

Mapped: The World’s Top Countries for Military Spending

By practically any measure, the world today is more peaceful and less war-torn on a global scale, relative to the past.

For instance, declarations of war between nations and soldier casualties have both dropped drastically since the 20th century. Yet, military spending has not followed this trend.

The Top 10 Military Spenders

According to SIPRI, global military spend reached almost $2 trillion in 2020. The top 10 countries represent roughly 75% of this figure, and have increased their spending by $51 billion since the year prior.

Here’s how the worlds top 10 military spenders compare to each other:

RankCountryMilitary Spend 2020 ($B)% ChangeMilitary Spend 2019 ($B)
#1?? United States$778.0+6.2%$732.0
#2?? China$252.0-3.4%$261.0
#3?? India$72.9+2.5%$71.1
#4?? Russia$61.7-5.2%$65.1
#5?? United Kingdom$59.2+21.5%$48.7
#6?? Saudi Arabia$57.5-7.1%$61.9
#7?? Germany$52.8+7.1%$61.9
#8?? France$52.7+5.1%$50.1
#9?? Japan$49.1+3.1%$47.6
#10?? South Korea$45.7+4.1%$43.9
Total$1,481.6+3.5%$1,430.7

The U.S. isn’t labeled as a global superpower for nothing. The country is by far the largest military spender, and its $778 billion budget trumps the remainder of the list’s collective $703.6 billion. On its own, the U.S. represents just under 40% of global military spending.

This year, Saudi Arabia has lost out on a top five seat to the UK, after a 7.1% decline in spending compared to a 21.5% increase for (Read more...)

Mapped: The World’s Top Countries for Military Spending


This post is by Aran Ali from Visual Capitalist


Mapped The World's Top Military Spenders in 2020

Mapped: The World’s Top Countries for Military Spending

By practically any measure, the world today is more peaceful and less war-torn on a global scale, relative to the past.

For instance, declarations of war between nations and soldier casualties have both dropped drastically since the 20th century. Yet, military spending has not followed this trend.

The Top 10 Military Spenders

According to SIPRI, global military spend reached almost $2 trillion in 2020. The top 10 countries represent roughly 75% of this figure, and have increased their spending by $51 billion since the year prior.

Here’s how the worlds top 10 military spenders compare to each other:

RankCountryMilitary Spend 2020 ($B)% ChangeMilitary Spend 2019 ($B)
#1?? United States$778.0+6.2%$732.0
#2?? China$252.0-3.4%$261.0
#3?? India$72.9+2.5%$71.1
#4?? Russia$61.7-5.2%$65.1
#5?? United Kingdom$59.2+21.5%$48.7
#6?? Saudi Arabia$57.5-7.1%$61.9
#7?? Germany$52.8+7.1%$61.9
#8?? France$52.7+5.1%$50.1
#9?? Japan$49.1+3.1%$47.6
#10?? South Korea$45.7+4.1%$43.9
Total$1,481.6+3.5%$1,430.7

The U.S. isn’t labeled as a global superpower for nothing. The country is by far the largest military spender, and its $778 billion budget trumps the remainder of the list’s collective $703.6 billion. On its own, the U.S. represents just under 40% of global military spending.

This year, Saudi Arabia has lost out on a top five seat to the UK, after a 7.1% decline in spending compared to a 21.5% increase for (Read more...)

Visualizing Biden’s $1.52 Trillion Budget Proposal for 2022


This post is by Carmen Ang from Visual Capitalist


biden's budget proposal plan 2022

Visualizing Biden’s Budget Proposal for 2022

On April 9th, President Joe Biden released his first budget proposal plan for the 2022 fiscal year.

The $1.52 trillion discretionary budget proposes boosts in funding that would help combat climate change, support disease control, and subsidize social programs.

This graphic outlines some key takeaways from Biden’s budget proposal plan and highlights how funds could be allocated in the next fiscal year.

U.S. Federal Budget 101

Before diving into the proposal’s key takeaways, it’s worth taking a step back to cover the basics around the U.S. federal budget process, for those who aren’t familiar.

Each year, the president of the U.S. is required to present a federal budget proposal to Congress. It’s usually submitted each February, but this year’s proposal has been delayed due to alleged issues with the previous administration during the handover of office.

Biden’s publicized budget only includes discretionary spending for now—a full budget that includes mandatory spending is expected to be released in the next few months.

Key Takeaways From Biden’s Budget Proposal

Overall, Biden’s proposed budget would increase funds for a majority of cabinet departments. This is a drastic pivot from last year’s proposal, which was focused on budget cuts.

Here’s a look at some of the biggest departmental changes, and their proposed spending for 2022:

Department2022 Proposed Spending (Billions)% Change from 2021
Education$29.841%
Commerce$11.428%
Health and Human Services$131.724%
Environmental Protection Agency$11.221%
Interior$17.416%
Agriculture$27.816%
Housing (Read more...)