As it is the US is coming off of the Iraq and Afghanistan wars, as well as operations against ISIS, and the trend of
lowering military spending as a % of GDP has resumed.
A note: the majority of data in the Factbook is for 2005, and
the lower the military spending as a percentage of GDP the better the score in that category.
Not exact matches
China's increase in
military spending, the biggest rise in three years, was proportionate and
low, state media said.
And this Al - Monitor (a media site focused on Middle East which was accused of following «the agenda of the Iranian and Syrian governments and Hezbollah») article details a bit more the
military budget and the growing trend of Iran's
military spendings, although it does not state the current total defense budget and its numbers are considerably
lower than SIPRI's for the past years, maybe because the fiscal year used in this article begins near 20th March:
More importantly, Russia has extensive social
spendings that are simply not so visible, like for example the pension age being as
low as 50 if you work in the
military or oil industry.
«I want defence
spending to be it's
lowest ever percentage of GDP... There's no need for Britain to behave like a
military superpower.»
If you don't really need to
spend the money distributed from your Inherited IRA for your household expenses (your opening statement that your income for 2016 is
low might make this unlikely), and (i) you and / or your spouse received compensation (earned income such as wages, salary, self - employment income, commissions for sales, nontaxable combat pay for US
Military Personnel, etc) in 2016, and (ii) you were not 70.5 years of age by December 2016, then you and your wife can make contributions to existing IRAs in your names or establish new IRAs in your names.
In the past year, thanks to heightened expectations surrounding increased
military spending, as well as hopes for
lower corporate taxes, General Dynamics shares have returned close to 45 %, significantly outperforming the S&P 500.
Congress's most recent
military appropriations legislation requires explicit justification for any
spending on construction for energy - efficient LEED buildings beyond the
lowest rating level.