What is a Military Budget?

Introduction A military budget (or military expenditure), also known as a defence budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defence purposes. A pie chart showing global military expenditures by country for 2019, in US$ billions, according to SIPRI. Financing… Read More

Advertisements

What is the Estimated Cost (in Real Terms) of the Difference in Total Defence Personnel Pay Expenditure per Annum between Pay 2000 & the NEM?

The New Employment Model (NEM) commenced on 01 April 2016 and it is estimated, that over the five years to 01 April 2021, there will be an additional £127.1 million of net investment in the pay bill, in real terms, above that of Pay 2000. Given the complexity of the pay bill, the profile of this… Read More

History & Government: Defence as a Public Good

“War is hell; the less of it the better. Yet it has also been a near constant feature of human history, and a constant stimulus to political evolution. Defence is a textbook example of a public good. Security benefits all residents of a country, and cannot be denied to citizens who prefer not to pay for it. There is… Read More