Boosting military spending was one of President Trump’s major campaign pledges. The fiscal 2018 defense spending bill introduced by a joint House-Senate conference committee allows $692 billion, including $626 billion in base budget spending and $66 billion more for the Overseas Contingency Operations (OCO) fund.
There are other security related expenses of other agencies, which exceed $170 billion. They include the National Nuclear Security Administration in the Department of Energy, the Department of Veterans Affairs, the State Department, the Homeland Security, the FBI, and Cybersecurity in the Department of Justice.
Defense spending accounts for almost 16 percent of all federal spending and roughly half of discretionary spending. The United States spends more on national defense than the next eight biggest national defense budgets in the world combined, including China, Saudi Arabia, Russia, United Kingdom, India, France, and Japan.
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