New Delhi, Jan. 8 -- US President Donald Trump has said he intends to increase the United States military budget for the 2027 financial year to $1.5 trillion, a rise of 50 per cent from the previously floated $1 trillion figure. Writing on Truth Social, Trump said the decision followed "long and difficult negotiations" with senior lawmakers and administration officials, and was driven by what he described as an increasingly dangerous global environment.

The president argued that the expanded budget would enable the United States to build what he termed a "Dream Military", capable of ensuring national security "regardless of foe". Trump suggested that, under different economic circumstances, he would have maintained a lower level of defen...