Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 22nd 2024 - 21:56 UTC

Tag: Military budget

  • Friday, August 23rd 2024 - 23:13 UTC

    The Economist: Javier Milei's military splurge; many Argentines are asking why

    On 9th July, Argentina's national day president Milei was invited to the lead tank of the grand parade downtown Buenos Aires

    Self-proclaimed anarcho-capitalists ought to be skeptical of large standing armies. President Javier Milei of Argentina seems to relish them. Even as he tightens the government purse, he has committed to raising defense spending from 0.5% of gdp to 2% over the next eight years. He vows to “restore the prestige” of the army and transform it into a hi-tech force.

  • Saturday, December 21st 2019 - 11:00 UTC

    It's official: US creates the sixth military branch, the Space Force

    The legislation creates the Department of Defense's sixth force, a coequal of the five existing forces - the Army, Navy, Air Force, Marines and Coast Guard.

    President Donald Trump signed legislation on Friday to create a full-fledged Pentagon force for combat in outer space - the first new military service in seven decades. Capping an ambitious order Trump issued in June 2018, the US Space Force officially came into being when Trump signed the annual military budget, the US$738 billion National Defense Authorization Act.

  • Friday, December 20th 2019 - 09:30 UTC

    Japan boosts defense budget spending for eighth straight year

    Despite a constitution that forbids the possession of offensive weapons, Japan is one of the world's biggest military spenders

    Japan's government on Friday approved an eighth straight annual increase in defense spending to a record high as it buys US-made stealth fighters, interceptor missiles and other equipment to counter military build-ups by North Korea and China.

  • Tuesday, March 6th 2018 - 09:46 UTC

    China increases its military budget 8.1% to US$ 175bn; regional powers “nervous”

    “Faced with profound changes in the national security environment, we must treat the Party’s goal of building a stronger armed forces for the new era,” said Li.

    China revealed on Monday that it will raise its military budget by US$ 175 billion for the 2018 fiscal year, 8.1% increase that is the largest military spending hike in three years. According to Premier Li Keqiang, the additional funding will “advance all aspects of military training and war preparedness, and firmly and resolvedly safeguard national sovereignty, security, and development interests.”