The Stockholm International Peace Research Institute’s Yearbook always devotes a chapter to international Military Expenditure and another to Arms Productions trends. The latest edition (1) highlights the impressive level of activity and expenditure of both the U.S. Defence administrations and corporate military companies.
While world military expenditure in 2006, according to the authors of the Yearbooks 2007, is estimated to have totalled $1204 billion in current prices, which “represents an increase of 3.5 per cent in real terms since 2005”, with significant differences at the regional level, the expenditure of the United States has increased in an impressive way, in the wake of the “global war on terrorism” since 2001. “Between financial years (FYs) 2001 and 2006, outlays by the US Department of Defense (DOD) increased by 53 per cent in real terms, while the increase in outlays for national defence (a functional category that includes non-DOD defence-related activities) was 49 per cent (…). These increases are the result primarily of the massive supplemental appropriations made under the heading ‘global war on terrorism’, mostly to fund military operations in Afghanistan, Iraq and elsewhere.
(1) Stålenheim, P., Perdomo, C. and Sköns, E., “Military expenditure”, SIPRI Yearbook 2007: Armaments, Disarmament and International Security (Oxford University Press: Oxford, 2007), pp. 267-297; Sköns, E., and. Surry, E., “Arms production”, Ibid., pp. 345-373.