Real increases in annual spending for national defense occurred between 1977 and 1987. This was followed by a leveling off, a slight decline in 1990, and then a larger decline in 199 1, although the rate at which planned cutbacks have been realized was slowed by Desert Storm activity. Changes in levels of defense spending have economic implications, including direct employment impacts on military and civilian DOD employees, and on companies directly or indirectly involved in defense production. Since real budget authority for defense activities peaked in 1985, there has been interest in trends in defense-related employment beginning at that time.
Defense Procurement: Trends for 1985-93 in DoD's Spending Employment, and Contractors
1992
9 pages
Report
Keine Angabe
Englisch