US Increases Defense Budget by 40%!
The United States has significantly increased its defense budget. The US President has proposed to Congress the approval of a massive budget of $1.5 trillion (₹139 lakh crore) for the 2026-2027 fiscal year. The burden on the defense budget has intensified due to rising global military requirements for the US, including the ongoing conflict with Iran. If approved, this proposal would result in a 40% increase in the budget. This marks the first time since the end of World War II that the defense budget has seen an increase of this magnitude.
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