3.3% of GDP but what percentage of tax dollars?
It just seems a shame that a country that somehow can't afford to pay for the health care of it's citizens manages to lose track of literally trillions of dollars.
It just seems a shame that a country that somehow can't afford to pay for the health care of it's citizens manages to lose track of literally trillions of dollars.
France revenue: 953,000 million EUR
Military budget: 41,300 million EUR (approx)
= 4.33% of tax revenue military spending
USA revenue: 4,260,000 million USD
Military budget: 597,500 million USD
= 14.03% of tax revenue military spending
I used:
https://en.wikipedia.org/wiki/List_of_countries_by_military_... (2015 numbers)
https://www.oecd.org/tax/revenue-statistics-united-states.pd...
I think I see why everyone uses GDP: tax revenue is difficult to calculate, especially when it involves 50 states and a few territories.
The article is not very clear. The money that is not accounted for is $62.4B. The reason that money is unaccounted for is because of trillions of dollars of accounting adjustments in budgets.
That trillion dollars figure is just summing up the magnitude of all accounting adjustments throughout all the records of the DoD. The moral equivalent of:
SELECT SUM(ABS(trans_amount)) FROM transactions WHERE trans_type = 'Adjustments';
Its not trillions of dollars. Its trillions of dollars of adjustments, when you count the absolute value of all the adjustments to individual accounts. But that's -- as stated in the article -- in part because not only does every error involve at least two accounts, but also because the accounts are nested, so most adjustments in a detail account also involve adjustments in several parent accounts.
If you add it all up, military spending makes up about 16% of total government spending.
Poor returns, but a huge amount spent.