The aim of this work was to analyze the major effects of public military forces expenditure on Colombia economic growth during 1970-2003 span period. Time series methodology was used for economic data, allowing for determining the several different coefficients and final contribution to capital product, employment, defense expenditure (DE), security expenditure (SE) and public forces expenditure (PFE). It was found empirical evidence documenting that there is no positive and systematic relation between economic growth and the allocation of military expenditure. The authors draw the conclusion, specifically for Colombia, that allocation of defense and security resources put a curb on economic growth and explain increased (PFE) results in a negative effect on social expenditure.
