Aside from the fact it’s not actual money being given, but rather stockpiled weaponry, it is also more cost effective to support our allies through this than by directly going to war against our enemies.
IE: It would be magnitudes more expensive to go head to head with Russia directly. Nevermind the threat of things going nuclear.
Hamas, Hazbollah and the Houthis are another great example. Iran going directly at Israel would probably trigger a nuclear reaction from the Jewish state. Which is something they appear to not be shy of considering themselves. Financing those three groups, on the other hand, well, they get to take nasty lottle bites at the ankles of Israel while being at a far distance from the actual fight.
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