Global Military Spending - NEWS ONLY

“During the Cold War” not limited to Reagan only. But still 22% less than the peak Reagan budget.
Much of the period prior to Reagan involved real wars, such as the Korean and Viet Nam wars, and the budget reflected those operations rather than just a peacetime buildup.
 

1. Debt under Reagan (1981-1989)

  • In 1981, the U.S. national debt was approximately ≈ $0.9–1.0 trillion.
  • By 1989, when Reagan completed his presidential term, it had grown to about $2.8 trillion. In 8 years, the debt had grown almost 3 times in nominal dollars (an increase of approximately +186%).
    (Based on historical data on the level of debt in the 80s.)

2. Current debt (2025-2026)

  • According to the Congressional Budget Committee (Joint Economic Committee), the total US federal debt at the end of 2025 exceeded ~$38 trillion — and continues to grow.
    This is about 13-14 times more than it was under Reagan in 1989. The Council on the Economy of the US Congress
  • Debt growth is now measured in trillions of dollars annually (for example, an increase of more than $2 trillion in 10-11 months).
 
The thread is global military spending not historical government debt levels. But thanks for the information
 
Much of the period prior to Reagan involved real wars, such as the Korean and Viet Nam wars, and the budget reflected those operations rather than just a peacetime buildup.
But money was being spent on/for defense regardless.


Still many non war years well above Reagan’s peak.

But again my point was singular in nature. Even a seemingly massive increase in spending will still have us spending considerably less than during the Cold War on average.

Debating what constitutes “far less” or “considerably less” is not really the point.
 

Zhang Xiaogang said that in accordance with the requirements of laws and regulations such as the National Defense Law and the Budget Law, the Chinese government includes the defense expenditure budget in the draft government budget every year, and after being reviewed and approved by the people's congress, it manages and uses it in accordance with the law, and publishes the total defense expenditure budget to the public.

He said that consolidating national defense and strengthening the army is the strategic support for Chinese-style modernization. Comprehensively consider the overall needs of national security and development, ensure that the modernization process of national defense and the army is compatible with the process of national modernization, comprehensively improve the strategic ability to defend national sovereignty, security and development interests, and achieve the centennial goal of the founding of the army as scheduled, the national general public budget will arrange national defense expenditure of 1.94 trillion yuan in 2026, an increase of 6.9% over the previous year's implementation, of which the central government will spend 1.91 trillion yuan, an increase of 7% over the previous year's implementation.

Zhang Xiaogang introduced that the increased defense expenditure is mainly used in the following aspects: First, in accordance with the new "three-step" strategy of national defense and military modernization, promote the integrated development of mechanization, informatization and intelligence, and improve the strategic ability to defend national sovereignty, security, and develop interests.

The second is to optimize the joint combat system, promote the large-scale, actual combat, and systematic development of new domains and new quality combat forces, upgrade and transform traditional combat forces, and strengthen the construction of advanced combat effectiveness.

The third is to step up the development of advanced weapons and equipment and national defense science and technology innovation, and accelerate the construction of modern logistics.

Fourth, continue to deepen political training, solidly promote actual combat military training, optimize military human resources policies and systems, improve the level of military academies and academies, and create a phalanx of high-quality and professional new military talents.

"The army will promote the reform of military budget management, do a good job in the dynamic balance of supply and demand of military spending, strengthen the control and performance evaluation of the whole chain of military expenditure use, and use every penny on the blade." Zhang Xiaogang said. (End)
Specific data for China in recent years:

2023: Defense budget 1,553.7 billion yuan, accounting for about 1.2%-1.4% of GDP

2024: Defense budget 1,665.54 billion yuan, accounting for about 1.3%-1.8% of GDP

2025: Defense budget 1,784.665 billion yuan, maintaining a proportion of under 1.5% of GDP

2026: Defense budget 1,909.561 billion yuan, accounting for about 1.3% of GDP

International comparison:

United States: Defense spending accounts for about 3.2%-4.4% of GDP

NATO countries: Most exceed 2%, 18 member countries reach the 2% standard in 2024

Japan: Defense spending is expected to rise to 2% of GDP by 2025

India: About 2.5%

United Kingdom: About 2%
 
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