defense spending
-
Mar- 2018 -6 MarchAsia Pacific
China to boost defense spending by 8.1% in 2018
China announced an 8.1 percent defense budget increase for 2018, giving a boost to the modernization of the world's largest military after spending slowed in the previous two years
Read More » -
Feb- 2018 -1 FebruaryAsia Pacific
India’s defense spending to increase over 7.8% in 2018
India’s military spending is set to increase under the 2018-19 budget unveiled on Thursday. The defense sector has been allocated 2,95,511.41 crore rupees (29 billion rupees, $454 million) – 12.10 percent of the total central government expenditure – in the budget Finance Minister Arun Jaitley presented to parliament. The budget is a 7.81 percent increase over the amount allocated for 2017-18. Capital expenditures including defense purchases were set at 99,947 crore rupees. A recent report from the Parliamentary Standing Committee on Defence found that the capital budget for the Indian Air Force was 46 percent lower than required, while the Army’s budget was 41 percent lower and the Navy’s was 32 percent. NDTV reported on Wednesday that India’s $250-billion military modernization is also in trouble as Prime Minister Narenda Modi has failed to fix the country’s disfunctional defense procurement system. Jaitley noted that the government is continuing to emphasize the military’s operational capacity, and said a number of initiatives have been undertaken to advance Modi’s “Make in India” program. India is the world’s largest defense importer, and Modi has sought to make it more self-reliant and an eventual arms exporter. The ‘Make II’ strategy includes significant transfer of technology in defense acquisition, encouraging …
Read More » -
Jan- 2018 -29 JanuaryEurope
Danish lawmakers approve 20% defense spending increase
Denmark's parliament agreed to increase the defense budget by an additional 20 percent over the next six years
Read More » -
25 JanuaryEurope
Spain plans 73% defense spending increase by 2024
Spain plans to increase defense spending by 73 percent to €18 billion ($22 billion) by 2024, defense minister Maria Dolores de Cospeda said
Read More »
