Defence Spending
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Government To Spend Rs 15.27 Lakh Crore For Major Sectors: Union Budget
The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.
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UK PM Rishi Sunak Says Britain To Raise Defence Spending Amid Global Threats
Britain will gradually boost its defence spending to 2.5 percent of GDP by 2030, Prime Minister Rishi Sunak announced during a visit to Poland on Tuesday.
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China Increases Defence Budget By 7.2% Amid Rising Regional Tensions
China announced Tuesday it would boost its defence spending in 2024, as hostility over Taiwan and in the South China Sea grows.
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Explained: What Donald Trump Said About NATO And What Is Article 5
Former US President Donald Trump raised a storm of criticism from the White House and top Western officials for suggesting he would not defend NATO allies who failed to spend enough on defence and would even encourage Russia to attack them.
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Russia Unveils Huge Spending Hike Of Almost 70% To Battle "Hybrid War"
Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funneling massive resources into its Ukraine offensive to fight what it calls a "hybrid war" unleashed by the West.
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Russia Doubles 2023 Defence Expenditure Amid Rising Ukraine War Costs
Russia has doubled its 2023 defence spending target to more than $100 billion - a third of all public expenditure - a government document reviewed showed, as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances.
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Australia To Buy 20 Hercules Military Transport Planes In $6.6 Billion Deal
Australia said on Monday it would spend A$9.8 billion ($6.60 billion) to buy 20 new Super Hercules military transport aircraft, ahead of a visit later this week by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin.
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NATO Leaders Meet For Summit, Ukraine And Sweden Push For Membership
NATO leaders meet in Lithuania on Tuesday for a summit set to be dominated by the alliance's response to Russia's war on Ukraine and Kyiv's push for membership.
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Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
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India Was World's 4th Largest Defence Spender In 2022, Says Report
India was the world's fourth largest military spender in 2022, with its defence spending increasing by around six percent as compared to 2021, a report by Swedish think tank Stockholm International Peace Research Institute (SIPRI) said.
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Defence Spending To Focus On "Total Blockade" By China: Taiwan Military
Taiwan's defence spending this year will focus on preparing weapons and equipment for a "total blockade" by China, including parts for F-16 fighters and replenishing weapons, the military said in a report.
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China Tells Military To Be Ready For Combat, Raises Defence Budget
The spending increase outpaces targeted economic growth of around 5%, which is slightly below last year's target as the world's second-largest economy faces domestic headwinds.
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In 2022-2023, Defence Expenditure Was 14.08% Of Expenses: Centre
In 2022-23, the defence expenditure was 14.08 per cent of the central government expenses, Parliament was informed on Monday.
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Defence Budget Hiked 13% To Rs 5.94 Lakh Crore Amid Tensions With China
India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.
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Japan's Big Shift In Defence Policy In View Of China, North Korea Threats
Japan is expected to announce its biggest defence overhaul in decades this week, hiking spending, reshaping its military command and acquiring new missiles to tackle the threat from China.
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Government To Spend Rs 15.27 Lakh Crore For Major Sectors: Union Budget
The government has allocated Rs 15.27 lakh crore for 10 major sectors, ranging from defence and rural development to social welfare and commerce, Finance Ministry data said Tuesday afternoon.
-
UK PM Rishi Sunak Says Britain To Raise Defence Spending Amid Global Threats
Britain will gradually boost its defence spending to 2.5 percent of GDP by 2030, Prime Minister Rishi Sunak announced during a visit to Poland on Tuesday.
-
China Increases Defence Budget By 7.2% Amid Rising Regional Tensions
China announced Tuesday it would boost its defence spending in 2024, as hostility over Taiwan and in the South China Sea grows.
-
Explained: What Donald Trump Said About NATO And What Is Article 5
Former US President Donald Trump raised a storm of criticism from the White House and top Western officials for suggesting he would not defend NATO allies who failed to spend enough on defence and would even encourage Russia to attack them.
-
Russia Unveils Huge Spending Hike Of Almost 70% To Battle "Hybrid War"
Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funneling massive resources into its Ukraine offensive to fight what it calls a "hybrid war" unleashed by the West.
-
Russia Doubles 2023 Defence Expenditure Amid Rising Ukraine War Costs
Russia has doubled its 2023 defence spending target to more than $100 billion - a third of all public expenditure - a government document reviewed showed, as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances.
-
Australia To Buy 20 Hercules Military Transport Planes In $6.6 Billion Deal
Australia said on Monday it would spend A$9.8 billion ($6.60 billion) to buy 20 new Super Hercules military transport aircraft, ahead of a visit later this week by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin.
-
NATO Leaders Meet For Summit, Ukraine And Sweden Push For Membership
NATO leaders meet in Lithuania on Tuesday for a summit set to be dominated by the alliance's response to Russia's war on Ukraine and Kyiv's push for membership.
-
Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
-
India Was World's 4th Largest Defence Spender In 2022, Says Report
India was the world's fourth largest military spender in 2022, with its defence spending increasing by around six percent as compared to 2021, a report by Swedish think tank Stockholm International Peace Research Institute (SIPRI) said.
-
Defence Spending To Focus On "Total Blockade" By China: Taiwan Military
Taiwan's defence spending this year will focus on preparing weapons and equipment for a "total blockade" by China, including parts for F-16 fighters and replenishing weapons, the military said in a report.
-
China Tells Military To Be Ready For Combat, Raises Defence Budget
The spending increase outpaces targeted economic growth of around 5%, which is slightly below last year's target as the world's second-largest economy faces domestic headwinds.
-
In 2022-2023, Defence Expenditure Was 14.08% Of Expenses: Centre
In 2022-23, the defence expenditure was 14.08 per cent of the central government expenses, Parliament was informed on Monday.
-
Defence Budget Hiked 13% To Rs 5.94 Lakh Crore Amid Tensions With China
India proposed on Wednesday Rs 5.94 trillion ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China.
-
Japan's Big Shift In Defence Policy In View Of China, North Korea Threats
Japan is expected to announce its biggest defence overhaul in decades this week, hiking spending, reshaping its military command and acquiring new missiles to tackle the threat from China.
