Defence spending involves government allocation of financial resources for military and national security. This crucial topic explores budgetary decisions,...
Defence spending refers to the total financial resources a government allocates to its military and national security, encompassing personnel, equipment, operations, and research and development.
Factors include geopolitical tensions, perceived threats, technological advancements, international commitments, economic conditions, and the need for military modernization.
It can stimulate industries, create jobs, and drive technological innovation, but may also divert funds from other sectors and impact national debt.
Main categories usually include personnel costs (salaries, benefits), operations and maintenance, procurement of new equipment, and research, development, testing, and evaluation (RDT&E).