A significant feature of the budget is the increased funding for the Agniveer scheme. The army, which was allocated ₹23 crore in 2022-23, has been given a hike to ₹2,836 crore in the interim budget and another hike to ₹5,207 crore in the budget for 2024-...
The outcome of the US election is certain to have a massive impact on global politics and industry spending. Although no major candidate is likely to spend significantly more or less than the other on the baseline military budget, nearly all Democrats and some Republicans hope to continue providi...
(DGBAS), the core defence budget for 2024 will be TWD440.6 billion, a year-on-year increase of TWD31.4 billion or 7.7%.A special budget for procurement will receive TWD94.3 billion: a decrease compared with the amount allocated for this purpose this year.The special budget is used to ...
According to the Budget papers for 2023-2024, the total size of the Defence Budget 2023-2024 is5,93,537.64 crore – or5.94 lakh crores for ease of reference. In 2022-2023, the defence budget allocation was5.25 lakh crore which figuratively speaking implies an increase of about 12.5 per cent...
The new budget for 2024 will result in increases to defence spending that take effect this year, with an increase of Nkr13bn, up to a total of Nkr104bn. From the new funds, Nkr6bn will go to supporting Ukraine, while Nkr7bn will be spent on Norway’s own capabilities...
Japan's parliament on 28 March adopted a JPY112.57 trillion (USD744 billion) budget for fiscal year (FY) 2024 that commenced on 1 April. The budget aims to improve Japan's capabilities in responding to national security threats, demographic issues, inflation, and disaster relief in earthquake-...
The draft 2024 budget puts the deficit at 1.548 trillion hryvnias ($42 billion) or at about 20.4% of gross domestic product. More than half of all planned Ukrainian budget spending next year, or 1.7 trillion hryvnias, is planned for the defence sector to fund the war effort...
"The USA enjoys, by far, the world's largest defence budget, but its military is dispersed worldwide to pursue ambitious global missions. China's defence spending remains a distant second in size, but is concentrated primarily around China's mainland, border regions and mar...
s threshold of 2% of GDP. But a fifth of the budget goes on nuclear weapons. The conventional forces that Britain needs are being cannibalised to pay for nuclear cost-overruns. Strip out the nuclear bits and defence spending stands at around 1.75% of GDP, in the middle of the European ...
To foster dialogue and collaboration among the participants and contribute to the country’s defence readiness with optimum financial resources and effective implementation of the Defence Budget. Current challenges and opportunities in the areas of Defence Finance and Economics, such as how to allocate ...