Shift of US Military Spending to Allies: Intensions and Realities

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Abstract

The United States supports military operations in Ukraine and confronts with China, pressure allies to raise military spending to 2% of GDP, and at the same time announces a medium-term reduction of military spending in real terms. So, the US is trying to curb the huge budget deficit and public debt, "sell" more security and weapons to its allies, and avoid the degradation of its military producers. American options for reducing military spending have little budget effect, the allies can’t significantly increase military spending and purchase of American weapons due to large public debt and the interests of their military industry. America's cut-and-shift military finance will realize only under ideal conditions, although with the juggling of facts and figures they seem realistic.

About the authors

Sergey V. Anureev

Financial University under the Government of the Russian Federation

Email: anureev@bk.ru
ORCID iD: 0000-0003-4506-6305
Scopus Author ID: 57211756635
Doctor of Sciences (Economics). Professor at Department of Public Finance Moscow, Russia

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