Tag

Military Expenditure

All articles tagged with #military expenditure

defense-budget1 year ago•3 min saved

"China's Military Buildup: Budget Increase and Tough Talk on Taiwan"

China has announced a 7.2% increase in its defense budget for 2024, reaching nearly 1.7 trillion yuan, continuing a trend of annual increases of 7% or more. The actual defense spending is likely higher than reported, with estimates suggesting a 27% increase in 2022. This budget reflects President Xi Jinping's focus on security goals, including control of Taiwan, while also emphasizing economic growth and budget prioritization. The People's Liberation Army is not seeing the double-digit percentage increases of the past, but the government aims to build a modern military by its centennial in 2027.

via Defense News|

#china #defense-budget #military-expenditure

international-relations-military-spending1 year ago•2 min saved

"Europe's Defense: Beyond the Illusion of Increased Spending"

Calls for increased military spending in Europe are growing amidst concerns over Russian aggression and Donald Trump's reluctance to defend the continent. However, the economic realities of European countries, including stagnant economies, budgetary constraints, and deindustrialization, raise doubts about the feasibility of such plans. Despite pressure to meet NATO's 2% GDP defense spending target, the disconnect between rhetoric and budgetary constraints remains a significant challenge, with leaders seemingly detached from these economic realities.

via UnHerd|

#economic-constraints #europe #international-relations-military-spending

global-defense-spending1 year ago•3 min saved

"Global Military Spending Reaches Record $2.2 Trillion Amid Rising Instability"

Global defense spending reached a record $2.2tn in 2023, rising by 9% due to heightened geopolitical tensions, particularly driven by Russia's invasion of Ukraine. The International Institute of Strategic Studies expects further increases in 2024 as the war continues and international uncertainty spreads. Russia and Ukraine saw significant increases in military spending, with Russia's total military spending now representing one third of its national budget. The US remains the largest global military spender, with a budget of $905.5bn in 2023, more than the next 15 countries combined.

via The Guardian|

#geopolitical-tensions #global-defense #global-defense-spending