US Military Expenditures
April 2001

For FY 2001, the US military budget is $310.6 billion, which accounts for roughly 38% of global military expenditures.

• In the Fiscal Year (FY) 2001, the US spends:
  $589, 802 on the military every minute
  $35,388,120 on the military every hour
  $849,314,880 on the military every day
• The FY 2001 military budget is more than five times larger than that of Russia, the second largest spender.
• The FY 2001 military budget is more than the combined spending of the next twelve nations.
• The FY 2001 military budget is 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"
• The US Congress has direct control over $635 billion discretionary spending for the Fiscal Year 2001. US military expenditures are 48.9% of this discretionary spending.
• For Fiscal Year 2002, the US military budget request is $324.8 billion. The US Senate voted to add $10 billion to the defense request when it considered the budget resolution, bringing the total request to $335 billion. This amount is the average spent throughout the Cold War from 1946 to 1989.
• For fiscal year 2002, Congressional discretionary spending is $660.7 billion. Military expenditures are anticipated to be 50.7% of this total.

The following domestic discretionary programs will suffer funding cuts in the fiscal year 2001:

• $189 million from higher education
• $541 million from Training and Employment Services
• $1.026 billion from Law Enforcement Assistance, Community Policing and other justice programs.
• $223 million from Small and Minority Business Assistance, a 31% reduction
• $227 million from disaster relief
• $109 million from Small Business Administration Disaster loans, a 59% reduction
• $338 million from Energy Supply programs
• $354.1 million from clean up programs at former defense sites
• $756 million from Water Resources programs, including flood prevention efforts
• $498 million from Pollution control and abatement programs
• $1.23 billion from Conservation and Land Management programs
• $144 million from Animal and Plant inspection programs

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

Sources: Center for Defense Information, Council for a Livable World, International Institute for Strategic Studies, US Office of Management and Budget, US Central Intelligence Agency