Articles for Defense Budget

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
9 months, 2 weeks ago

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue

Associated Press  

BEIJING — China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan, roughly mirroring last year’s rise. In the latest dangerous incident, Chinese coast guard ships blocked Philippine vessels off a disputed South China Sea shoal on Tuesday, causing a minor collision, the Philippine coast …

Defense China Budget South China Sea Taiwan South Chinese
German Cabinet approves a lower 2024 budget as it eyes a return to financial ‘normality’
1 year, 5 months ago

German Cabinet approves a lower 2024 budget as it eyes a return to financial ‘normality’

Associated Press  

BERLIN — Germany’s Cabinet on Wednesday approved a draft 2024 budget that foresees lower spending, with defense among the exceptions, as Europe’s biggest economy sticks to rules limiting borrowing that were suspended during the coronavirus pandemic. Germany plans to reach a NATO target of spending 2% of gross domestic product on defense next year, a measure on which it has …

Budget Germany Billion German
Japan’s Brewing Debate Over How to Cover Defense Spending
2 years, 1 month ago

Japan’s Brewing Debate Over How to Cover Defense Spending

The Diplomat  

There is a hot debate going on among Japan’s ruling lawmakers over how to finance an expected huge increase in Japan's defense spending. The ruling Liberal Democratic Party has pledged to double the country’s defense spending from 1 percent to 2 percent of GDP within five years to cope with an increasingly severe security environment around Japan. In May, Prime …

Japan National Security Spending Minister Increase Kishida Nato
Japan’s Defense Budget: Double or Nothing?
2 years, 5 months ago

Japan’s Defense Budget: Double or Nothing?

The Diplomat  

Calls have intensified for Japan to double its defense spending from 1 to 2 percent of its Gross Domestic Product in the wake of the Russian invasion of Ukraine, which experts fear could embolden China to act more provocatively against Taiwan. Consequently, in April 2022 the ruling Liberal Democratic Party’s panel on national security advised the Kishida administration to not …

Security China Ukraine Russia Japan Germany North Korea
Budget leak: Defense to get extra €100 million per year
3 years, 3 months ago

Budget leak: Defense to get extra €100 million per year

NL Times  

The Ministry of Defense will receive an extra 100 million euros on Budget Day. The caretaker cabinet members Ank Bijleveld and Barbara Visser always said that the Ministry should receive at least 4 billion on a structural basis. Many political parties indicated in party programs that they wanted to allocate extra money for the armed forces. The Rutte III cabinet …

Defense Budget Budget Leak
Budget 2021: Small increase in defense spending even as China standoff simmers
3 years, 10 months ago

Budget 2021: Small increase in defense spending even as China standoff simmers

Live Mint  

India increased its defense spending by about 1%, throwing the timing of its military modernization program into doubt while it faces a protracted standoff with China along their disputed Himalayan border. India’s expenditure is about a quarter that of China’s -- in May 2020, Beijing announced a yearly defense budget $178.6 billion, according to data from the Center for Strategic …

India China Defense Budget