Page 39 - Budget Allocation News Today

Military modernisation coupled with a desire to develop effective deterrence is set to drive Pakistan’s defence budget, particularly in the air domain.

China is acquiring more J-20 stealth fighters as it looks to expand military budget by 7.2% annually for the next five years.

China’s shadow leaves neighbours adopting new defensive approaches, including HIMARS heavy 'porcupine strategy'.

Mexico’s defence sector is also expected to weather political differences between administrations across the US border.

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Australia and Singapore will increase defence spending every year through to 2027, according to GlobalData.

Australia and Singapore will increase defence spending every year through to 2027, according to GlobalData.

Indonesia will allocate very large energy subsidies in 2023 to stabilise prices.

Germany’s pledge to increase defence spending to 2% of GDP has not been accompanied by a strategy to leverage its industrial base