Military Spending

Definition

Military spending refers to the financial resources allocated by a nation for maintaining and strengthening its military forces. This includes expenditures on personnel, operations, equipment, and facilities.

Related terms

Defense Budget: The portion of the national budget that is set aside for all defense-related activities.

Arms Race: A competition between nations to achieve or maintain superiority in the number and power of weapons held.

War Economy: An economy which is directly geared towards supporting a current war effort. It often involves increased industrial production and innovation.