US Military Expenditures

In FY 2004, the US spends:

$759,145 on the military every minute
$45,548,724 on the military every hour
$1,093,169,398 on the military every day

. For Fiscal Year (FY) 2004, the US military budget is $400.1 billion, which is equivalent to

approximately 47% of 1999 global military expenditures. *

• $343.1 billion (2002 US dollars) is the average amount spent throughout the Cold War from 1946 to 1989.

• The US Congress has direct control over $784.5 billion discretionary spending for the Fiscal Year 2004. US military expenditures are 50.1% of this discretionary spending.

• The FY 2004 military budget is now more than six times larger than that of Russia, the second largest spender.

• The FY 2004 military budget is more than the combined spending of at least the next twenty-five nations.

.The FY 2001 military budget was twenty-four and a half times greater than the combined spending of Iran, Iraq, North Korea, Syria and Libya, countries which the US deems potential enemies or "states of concern"

* 1999 is the latest available year of global military expenditure estimates. See the World Military Expenditures and Arms Transfers ( WMEAT ) published by the U.S. State Department.

Note: Figures include expenditures contained in the Pentagon budget and Department of Energy military programs.