Tag: Defence budget
Defence budgetArgentina’s defence budget forecasted to reach 1.3% of GDP by 2015
Argentina, similar to other Latin American countries, is increasing its defence budget at a robust pace, according to Research and Markets, a defence procurement news agency based in Alabama.
Brazil cuts defence budget but purchase of 36 new jets remains on the agenda
Brazil's government will cut 4,2 billion Brazilian Real (approximately 2.4 billion USD) from its 15.17 billion defense budget this year under proposed fiscal tightening, Defense Minister Nelson Jobim announced this week.
Conflicting assessments of Argentina’s defence policy and military capabilities
Conflicting assessments of Argentina’s military capacity, defence policies and future planning were given by the brand-new Defence minister, Arturo Puricelli and a former minister from the opposition.
UK defence review: “peculiar” sweeping cuts in all forces
Harrier jump jets, the Royal Navy's flagship HMS Ark Royal and planned Nimrod spy planes are to be axed and 42,000 Ministry of Defence and armed forces jobs cut by 2015. Unveiling the strategic defence review, British PM David Cameron said defence spending would fall by 8% over four years.
Argentine to increase budget defence 50%, recovering losses of Falklands war
Defence minister Nilda Garré said the Argentine government would increase the defence budget in coming years from 0.9% to 1.5% of GDP to help overcome decades of divestment following the defeat in the (1982) Falklands/Malvinas war.
