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Preferred term

military expenditure  

Definition

  • Military expenditures, broadly defined, are the aggregate funds spent by a national government for military-related purposes. According to the Stockholm International Peace Research Institute's annual SIPRI Yearbook 2007, the aggregate military expenditure by all national governments in 2006 was $1.024 billion in market exchange rate (MER) terms. [Source: Encyclopedia of Geography; Military Spending]

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URI

https://concepts.sagepub.com/social-science/concept/military_expenditure

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