in p>28, China's military budget expenditure reached 417.769 billion yuan, an increase of 62.379 billion yuan over 27, or about 57.2 billion US dollars (about 59.6 billion US dollars at the exchange rate of RMB and US dollars at that time), ranking third in the world, behind the United States and Japan. In 28, the military expenditure budgets of countries and regions: the US defense expenditure budget was 471 billion US dollars, and the Japanese defense expenditure budget was 414.274Z, US dollars (4,817.2 billion yen) Russian defense expenditure budget is US$ 36.8 billion, South Korea's defense expenditure budget is US$ 26.7 billion (2,67.82 trillion won), India's defense expenditure budget is US$ 21.7 billion (96 billion rupees), and Taiwan Province's military expenditure budget is US$ 1.9 billion (more than NT$ 35 billion). And the ratio of military expenditure to fiscal revenue and GDP (unit: 1 million yuan) Annual GDP fiscal revenue military expenditure accounts for 45.% of military expenditure in fiscal GDP 195 62 28.1% 1952 679 174 58 33.3% 8.52% 1953 824 213 75 35.3% 9.15% 1954 859 245 58 23.7% 6.77% 19. 55 91 249 65 26.1% 7.14% 1956 128 28 61 21.8% 5.95% 1957 168 33 55 18.2% 5.16% 1958 137 38 5 13.2% 3.83% 1959 1439 487 58 11.9% 4.3% 196 1457 572 58 1.1% 3.98% 1961 122 356 5 14.% 4.1% 1962 1149 314 57 18.2% 4.96% 1963 1233 342 66 19.4% 5.39% 1964 1454 399 73 18.2% 5.1% 1965 1716 473 87 18.3% 5.6% 1966 1868 559 11 18.1% 5.41% 1967 1774 419 83 19.8% 4.68% 1968 1723 361 94 26.% 5.46% 1969 1938 527 126 24.% 6.51% 197 2253 663 145 21.9% 6.45% 1971 2426 745 169 22.8% 6.99% 1972 2518 766 159 2.8% 6.33% 1973 2721 81 145 18.% 5.34% 1974 279 783 133 17.% 4.78% 1975 2997 816 142 1 7.5% 4.75% 1976 2944 776 134 17.3% 4.57% 1977 322 874 149 17.% 4.65% 1978 3645 1132 168 14.8% 4.6% 1979 463 1146 223 19.4% 5.48% 198 4546 1159 194 16.7% 4.26% 1981 4892 1176 168 14.3% 3.43% 1982 5323 1212 176 14.5% 3.31% 1983 5963 1367 177 12.9% 2.97% 1984 728 1643 181 11.% 2.51% 1985 916 25 192 9.58% 2.13% 1986 1275 2122 21 9.47% 1.96% 1987 1259 2199 21 9.55% 1.74% 1988 1543 2357 218 9.25% 1.45% 1989 16992 2665 251 9.42% 1.48% 199 18668 2937 29 9.87% 1.55% 1991 21782 3149 33 1.5% 1.52% 1992 26924 3483 378 1.9% 1.4% 1993 35334 4349 426 9.8% 1.21% 1994 48198 5218 551 1.6% 1. 14% 1995 6794 6242 637 1.2% 1.5% 1996 71176 748 72 9.72% 1.1% 1997 78973 8651 813 9.4% 1.3% 1998 8442 9876 935 9.47% 1.11% 1999 89677 11444 1 76 9.4% 1.2% 2 99214 13395 127 9.1% 1.22% 21 19655 16386 1442 8.8% 1.32% 22 12332 1893 178 9.4% 1.42% 23 135822 21715 198 8.79% 1. 4% 24 159878 26396 22 8.33% 1.38% 25 18384 31649 2475 7.82% 1.35% 26 21871 39373 2979 7.57% 1.41% 27 246619 5134 3554 6.93% 1.44%