The various political and economic constraints related to the country’s overall defense budget to meet NATO mandate spending at least 2% of the country’s GDP on defense is a growing concern majorly for European countries and NATO Plus countries, which are expected to join NATO in coming years...
The country's military budget for 2022 was USD 68.5 billion, a rise of 3.7%. Of the total government spending, the country allocated 2.2% to the military. The country’s NATO membership commits it to devote 2% of its annual GDP to defense. In October 2023, the UK announced it would ...
BEIJING, March 5 (Xinhua) -- China's defense budget will increase by 7.1 percent to 1.45 trillion yuan (about 229 billion U.S. dollars) this year, maintaining the single-digit growth for the seventh consecutive year, according to a report on the draft central and local budgets for 2022 s...
The country’s defense budget is set to see high levels of growth, registering a CAGR of more than 9% between 2024 and 2028. Factors such as the significant changes in the defense and security posture of the Czech Republic as a result of Russia’s 2022 full-scale invasion of Ukraine and...
The country’s defense budget is anticipated to rise in steady and gradual annual increments, registering a CAGR of more than 4% during 2024-2028. Despite the challenges of COVID recovery, energy insecurity, and sustained inflation, British foreign policy retains ambitions and international ...
The Canada defense budget is $20.6 billion in 2023 and is expected to grow at a CAGR of more than 2% from 2024 to 2028. The Canada defense market research report provides the market size forecast and the projected growth rate for the next five years.
Restoring American Power: Recommendations for the FY 2018-FY 2022 Defense Budget, January 16, 2017. As of May 26, 2017: https://www.mccain.senate.gov/public/_cache/files/25bff0ec-481e-466a-843f- 68ba5619e6d8/restoring-american-power-7.pdf...
The Japanese Cabinet has approved a record 8.7 trillion yen ($55 billion) defense budget plan for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to further fortify the count
Japan plans to double defense spending by 2027, the largest increase in nearly 70 years. The Ukraine war has prompted many countries to bolster their defense.
As the world's fifth-largest military defense spender in 2022, Saudi Arabia maintains a strong focus on military modernization and capability enhancement. The country's defense budget reached USD 69 billion in 2023, representing approximately 23% of its total budget, with a further increase to ...