Defense Industry
German Companies Worries €100 Billion Defense Budget May Be Awarded To Foreign Companies
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Defense budget
South Asia
Pakistan Slashes 20% Military Modernization Spending To Receive IMF Bailout Packages
Pakistan has slashed the armed forces development programme by Rs72 billion ($346 million) or one-fifth of the allocation made on June 10 in order to meet a major condition of the International Monetary Fund (IMF) […]
Europe
Finland Increases Defense Budget By 70%, Amid Russia Tensions
On Tuesday a five-party government in Finland agreed to increase the country’s defense spending by over 70%. Russia’s noritic neighbor felt this more was necessary as they do not have a strategic alliance with NATO […]
Defense Industry
Seven European Nations Increases Defense Budget, Amid Ukraine Crisis
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Americas
The U.S. to Boost 2023 Defense Budget, Amid Ukraine Invasion
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East Asia and Pacific Region
China Raises Defense Spending By 7.1% To $229 Billion
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Defense Industry
Germany Commits €100 Billion to Meet NATO Defense Spending Requirement
Germany has announced a plan to prioritize military spending in light of Russia’s invasion of Ukraine. A “special fund” will be set up to better equip the Bundeswehr, reported DW News. German Chancellor Olaf Scholz announced […]
Europe
British MoD Increased Royal Navy’s Spending to £7.5 Billion Over Next Decade
In accordance with the “Global Britain” policy, the UK government has already signaled its desire for a more capable Royal Navy with the Integrated Review 2021, which was published in March 2021. Another indication of […]
Europe
Romania Increases 2022 Defense Budget By 32%
Romania’s president Klaus Iohannis passed the State Budget for 2022 on 28 December, a week after the Parliament gave its approval. Military Expenditure in Romania increased to $5.5 billion in 2020 from $4.6 in 2019 […]
Defense Industry
Japan Approves Highest Ever Defense Budget
Japan’s Ministry of Defense (MoD) Japan’s Ministry of Defense (MoD) announced the outline of the FY2022 defense budget on December 24, 2021. According to the MoD, the budget for FY2022 will be designed as a […]