May 21, 2013
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The week's top five must-sees,
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Description
A military budget, also known as a defense budget, is the amount of financial resources dedicated by an entity, to raising and maintaining an armed forces. Military budgets often reflect how strongly an entity perceives the likelihood of threats against it, or the amount of aggression it wishes to employ. It also gives an idea of how much financing should be provided for the upcoming year. The size of a budget also reflects the entity's ability to fund military activities. Factors include the size of that entity's economy, other financial demands on that entity, and the willingness of that entity's government or people to fund such military activity. Generally excluded from military expenditures is spending on internal law enforcement and disabled veteran rehabilitation.
According to the Stockholm International Peace Research Institute, in 2011, world military expenditure for the world amounted to 1.735 trillion US$.
(via Freebase)
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![Israeli defense minister makes case to Knesset for defense budget [IBA, Israel]](/images/image_cache/base-313000/313176/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=75be24c630998ef6453506e9a35a283f)
![The role of the ME's military institutions in the 'revolutions' [Al Jazeera, Qatar]](/images/image_cache/base-311000/311356/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=9c24d823b1eaad072216b55b17344ece)