Defense Budget

The defense budget refers to the allocation of financial resources by a government specifically designated for maintaining and developing its military forces and capabilities. This budget encompasses expenditures on personnel, operations, procurement of weapons and equipment, research and development, and support for veterans and other related services. The defense budget is often influenced by national security needs, geopolitical considerations, and economic factors, and it plays a crucial role in determining a nation's military readiness and strategic objectives. It is typically proposed by the executive branch and must be approved by the legislative body, such as a parliament or congress. The size and composition of the defense budget can reflect a country’s priorities and its global stance regarding military engagement and defense policy.