President Donald Trump will propose an increase in military spending of $54 billion. In speaking to governors in the White House on Monday, the president said he would seek a “public safety and national security budget” in the 2017-18 federal spending plan.
The proposed increase would amount to a hike of 10 percent in military expenses. Currently, the U.S. spends about $600 billion for defense, the largest amount in the world. China is second at $146 billion, followed by Saudi Arabia at $82 billion and Russia at $65.6 billion, according to the International Institute for Strategic Studies.
Categories: The Wider World