U.S. National Security Budget in Fiscal 2013 Will Be Nearly $1 TrillionMay 27, 2012
Source: Asia Times
In fact, with projected cuts added in, the national security budget in fiscal 2013 will be nearly $1 trillion – a staggering enough sum that it’s worth taking a walk through the maze of the national security budget to see just where that money’s lodged.
If you’ve heard a number for how much the US spends on the military, it’s probably in the neighborhood of $530 billion. That’s the Pentagon’s base budget for fiscal 2013, and represents a 2.5% cut from 2012. But that $530 billion is merely the beginning of what the US spends on national security. Let’s dig a little deeper.