The US administration was forced to reorganize the country's armed forces and increase military spending, because of Russia and China, said US President Donald Trump.
According to him, they have achieved record funding for the US Armed Forces - $ 700 billion last year, $ 716 billion this year, $ 738 billion the next and they had no choice, as they should rebuild the troops because of everything that is happening today with China, Russia, radical Islam, and everything, TASS reported.
According to Trump, the country's armed forces were completely depleted.
At the beginning of the last century, military spending in the US reached 1% of the country's GDP. During World War I, they increased to 20% of GDP, and during World War II averaged 31.8% of GDP. In 1945, $ 82 billion was spent on defense ($ 1.1 trillion in terms of today's prices).
In 1989, under President Ronald Reagan, the military budget exceeded $ 303 billion (617 billion). In the 1990s, when the White House was led by Bill Clinton, about $ 270 billion a year was spent on defense. Under George W. Bush, military spending more than doubled due to operations in Afghanistan (since October 2001) and Iraq (since March 2003).
In 2016, under Trump's predecessor, Barack Obama, $ 607 billion was allocated for military needs, and for 2017 - $ 619 billion (approximately 3.2% of GDP).