Japan's Defense Ministry is considering a record ¥8.9 trillion ($60 billion) budget for fiscal 2027 to strengthen defense capabilities amid regional security challenges. The proposal, which would mark the highest ever defense spending, prioritizes missile defense, cyber, space, and deterrence. It follows Japan's commitment to increase defense spending to 2% of GDP by 2027.

Aug 7, 2026

World

Trump administration proposes $87.6 billion spending, including for Iran war

The Trump administration has proposed an $87.6 billion supplemental budget to Congress, including funds for military operations against Iran, just a day after lawmakers voted to restrict presidential war powers. The proposal faces an uphill battle amid GOP divisions and Democratic opposition, with polls showing only 24% of Americans believe the war is worth the cost.

Jun 24, 2026

defense budget | Axios Times