The 1998 US Army Budget
The budget of the United States Armed Forces
The military report includes
Explanatory terms.
An explanatory summary.
- A presentation of the US military budget for the year under report.
- Illustrative diagrams.
Explanatory terms
* "A billion = 1000 million. You can view the link incorporating the word billion to see why the word billion is not used."
* Total military spending, which is the total of what has been spent on military operations, whether for the US army or within federal government institutions.
* The budget of the US Army, which is the actual cost of the US Army minus the other financial mixes between it and the federal government institutions, referred to previously.
* US Army revenues, which is what the US military obtained, whether through private funds or public funds through the various branches.
* Revenues that appear for each branch or unit of the US forces, is the total of what the unit acquired through direct revenues, and federal government revenues, so in its entirety = total military spending - the required budget, "net cost."
* The required cost, which is what the US military needs in terms of expenses, minus the revenues of the US military.
Explanatory summary
America's military spending in 1998 accounted for 4.51% of America's gross domestic product, meaning that there is one dollar for every $ 22 of GDP spent in the military sector.
Both the US Military Retirement Fund and the US Defense Logistics Agency made profits compared to other branches of the US Armed Forces, which of course required much more outlay than they were able to generate in revenue.
Where the US Military Retirement Fund achieved about $ 3.93 billion in profits, after achieving $ 37.77 billion in revenues during the year, while the Defense Logistics Agency achieved $ 267.5 million in profits, after achieving $ 14.3 billion in revenue.
Now, I cannot help in this modern report detailing the type of revenues that these units were able to obtain and how, perhaps in another report, but I have to say that these revenues may result from financial or investment operations or liquidations of assets, or many others.
The US Navy controlled the lion’s share of the US Army’s budget and the US Air Force, with a total of 102.5 and 99.6 billion dollars, respectively, which constitutes about 49.5% of the total budget of the US Department of Defense.
Graph of the US military budget of US GDP
US military spending in 1998
There are 3 important numbers in the US military's budget, which are summarized in:
1 - The total military spending of the US army (4.51% of the US gross domestic product)
As the total amount spent on military operations, whether for the US army or within the federal government institutions, 408,703,958,000 dollars [408 billion, 703 million and 958 thousand dollars]
2- The cost of the US military budget program, minus the value of other financial mixes between it and the federal government agencies.
3.45% of the US GDP
Where the total military spending in 1998 for the US Army alone, 317,371,808,000 dollars [317 billion and 371 million and 808 thousand dollars].
3- The required cost minus the US military revenues that it obtained, whether through private funds or public funds through the various branches. “0.41% of the US gross domestic product”
As the total revenues of the US Army in 1998 amounted to about 37,105,478,000 dollars [37 billion, 105 million and 478 thousand dollars], so the net operational cost of the US army amounted to 280,266,330,000 dollars [280 billion, 266 million and 330 thousand dollars].
The US military budget was divided in terms of forces and branches as follows:
Graph of the US Army budget by forces
1- The budget of the US Army or Land Forces
The budget of the US ground forces amounted to 81,582,917,000 dollars [81 billion and 582 million and 917 thousand dollars]
Among them, the value of revenues earned for the Land Forces Branch is $ 17,265,994,000 [17 billion, 265 million and 994 thousand dollars].
The net cost I need for this branch becomes 64,316,923,000 [64 billion, 316 million and 923 thousand dollars].
2- The budget of the US Navy
102,474,429,000 dollars [102 billion and 474 million and 429 thousand dollars]
Among them, the value of the revenue earned for the US Navy is 23,326,192,000 dollars [23 billion and 326 million and 193 thousand dollars]
The net amount needed by the naval forces is 79,148,236,000 dollars [79 billion, 148 million and 236 thousand dollars].
3- The budget of the US Air Force $ 99,597,118,000 [$ 99,597,118,000]
Among them is the value of revenue earned for the US Air Force, which amounted to 19,136,578,000 dollars [19 billion, 136 million and 578 thousand dollars]
The net cost of the Air Force would be 80,460,540,000 dollars [80 billion, 460 million and 540 thousand dollars].
4- The budget of the US Defense Logistics Agency
$ 14,029,415,000 [$ 14,29,415,000]
The department managed to gain 14,29
$ 6,889,000 [14 billion and 296 million and 889 thousand dollars]
To achieve a net profit of 267,474,000 dollars [267 million and 474 thousand dollars].
5- Defense accounting and financial services budget
$ 1,679,712,000 [$ 1 billion 679 million and 712 thousand dollars]
Total revenues of the branch 1,594,072,000 dollars [1 billion and 594 million and 72 thousand dollars]
The net cost is $ 85,640,000 [$ 85,640,000].
6- The budget of the Ministry of Defense Military Retirement Trust Fund
$ 33,842,108,000 [$ 33,842,108,000]
Total revenues 37,771,030,000 dollars [37 billion and 771 million and 30 thousand dollars]
To become the second branch to achieve a net profit of $ 3,928,922,000 [3 billion and 928 million and 922 thousand dollars]
7- Budget for the US Corps of Engineers "Civil Works"
$ 7,126,588,000 [7 billion and 126 million and 588 thousand dollars]
Revenue 2,594,057,000 dollars [2 billion 594 million and 57 thousand dollars]
Net cost 4,532,531,000 dollars [4 billion and 532 million and 531 thousand dollars]
8- The budget of other defense organizations
$ 59,866,495,000 [59 billion and 866 million and 495 thousand dollars]
Revenues 4,994,129,000 dollars [4 billion and 994 million and 129 thousand dollars]
The net cost needed by the branch is 54,872,366,000 dollars [54 billion and 872 million and 366 thousand dollars]
9- Budget of the Working Capital Fund of other defense organizations
$ 8,505,176,000 [8 billion and 505 million and 176 thousand dollars]
Revenues 7,458,686,000 dollars [7 billion and 458 million and 686 thousand dollars]
So the net cost needed by the fund is 1,046,490,000 dollars [1 billion and 46 million and 490 thousand dollars].
The question here is, is the previous money spent on weapons or wars and US military operations only?
Of course not, it is spent on various funds and programs, and not on the military armament operation per se. According to the official Pentagon report, the US military’s budget during 1998 was spent as follows
The budget of the US military in terms of spending
1) Military Retirement Trust
The volume of spending is $ 33.842,108,000 [33 billion, 842 million and 108 thousand dollars]
Revenue volume 37,771,030,000 dollars [37 billion and 771 million and 30 thousand dollars]
Surplus 3,928,922,000 dollars [3 billion 928 million and 922 thousand dollars]
2) Civilian Works in the U.S. Ground Forces Engineering Corps
The volume of spending 7,126,588,000 dollars [7 billion and 126 million and 588 thousand dollars]
Revenue volume 2,594,057,000 dollars [2 billion 594 million and 57 thousand dollars]
Required cost 4,532,531,000 dollars [4 billion and 532 million and 531 thousand dollars]
3) Working capital funds
The size of spending 72,711,643,000 dollars [72 billion and 711 million and 643 thousand dollars]
Revenue: $ 68,039,456,000 [$ 68,039,456,000]
Required cost 4,672,187,000 dollars [4 billion 672 million and 187 thousand dollars]
4) Other programs
The budget for other programs includes personal protective equipment, national defense equipment, supervision assets, the cost of acquiring, building, improving and restoring heritage assets, among others.
Expenditure volume 39,271,088,000 dollars [39 billion 281 million and 88 thousand dollars]
Revenue volume 6,982,968,000 dollars [6 billion and 982 million and 968 thousand dollars]
Required cost 32,288,120,000 dollars [32 billion 288 million and 120 thousand dollars]
* Finally, of the revenue for the US military, $ 11.2 billion was from Foreign Military Sales (FMS).
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