The military budgets of NATO’s European nations and Canada increased to an estimated 1.73% of gross domestic product in 2020, up from 1.55% in 2019, the alliance said in an annual report released on Tuesday. […]
India allocated $18.48 billion for weapons procurement in its 2021-2022 defense budget amid an ongoing military standoff with China and financial stress on the national economy due to the coronavirus pandemic. Excluding pensions, the new […]
The People’s Republic plans to spend the equivalent of about $202 billion on defence in fiscal year 2021. In recent years, the country has developed and produced off a range of advanced missile systems, aircraft […]
China hiked its defence budget for the first time to more than USD 200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 […]
Strategic priorities for the nation in the beginning of 2020 were clear: to ensure border security and to build a stronger army through increased investment in modernization. Analysts recorded an overall modernization budget of USD […]
In last year’s budget, Tk348.42 billion was proposed for the Defence Ministry. The allocation for defence sector in the budget for the 2021-22 financial year has been increased by Tk28.49 billion from the outgoing fiscal […]
The Pakistani government has announced its intention to increase defense spending in FY2021/22. up to 1.37 trillion Pakistani rupees ($ 8.78 billion). The Pakistan government has announced a defence budget of PKR1.37 trillion (USD8.78 billion) […]
Due to the sensitive nature of the defense industry sector, there are no official statistics available on local production, imports, and exports. The only data available through public sources is the annual amount of defense […]
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One of Turkey’s leading defense contractors, Aselsan has seen its profits increase by 34% year-on-year to TL 1.2 billion ($147 million) from January through March, the company said in a statement. “We experienced a significant […]
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