Latest Articles in defence budget
Despite Economic Headwinds, Security Budgets Increasing More Than In 2022
The natural assumption during or even anticipating some form of a market correction is that costs will be reined in or constrained including technology expenditures
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Sunak Increases Defence Spending In An Attempt To Silence Critics
Sunak will set out an “ambition” to increase defence spending to 2.5 per cent of GDP in the long term while his government unveils an update to Britain's national security and international policy during a visit to the United States
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China Defends Growing Military Budget, Says Spending Is Totally To Safeguard Nation's Sovereignty
Tan Kefei, a spokesperson of the People's Liberation Army and People's Armed Police delegation to the first session of the 14th National People's Congress said that 'increased military spending is purely to safeguard the nation's sovereignty' on Monday at two ongoing sessions after the country annou
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China Increases Its Defence Budget For The Eighth Year In A Row, By 7.2% To $225 Bn
In dollar terms, China spent USD 230 billion last year to modernise the People's Liberation Army (PLA) and now, announced a single-digit percentage point increase in its military budget for the eighth consecutive year
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In 2022-23, Defence Spending Accounted For 14.08% Of Total Government Spending
According to the data provided by the government, the defence expenditure was 5,55,484 crore, while the central government expenditure was 39,44,909 crore for the fiscal year 2022-23
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EU's Defence Stockpiles Are “Almost Empty” Amid Russian Threat: Official
According to the EDA report, EU countries will spend a total of USD 226 billion on defence in 2021, surpassing the USD 211 billion mark for the first time after a 6 per cent year-on-year increase
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Defence Budget 2022 Puts Spotlight On R&D in Defence; Reserves 68% of Capital Budget For Domestic Industry
In the Union Budget 2022-23 on Tuesday, a total of Rs 5.25 lakh crores has been allocated to the Defence Ministry and the Services this year. Overall, the budgetary allocation is creased by Rs 47,000 crores from last year's allocation of Rs 4.78 lakh crores which is around 10% compared to the last y
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A Marginal Increase In Defense Budget Reels Under 9.5% Fiscal Imbalance In The Budget 2021
Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 crores to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores from Rs 1,13,000 last FY. Fiscal burden at 9.5 % is dampening impact on the overall budget including
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The Number of Suicide Cases Has Come Down; Incorrect USI Report — Army Chief Gen Naravane
Chief of Army Staff Gen MM Naravane said he was hopeful that through dialogue under the established mechanism, India and China will be able to reach an agreement to resolve the eastern Ladakh standoff. But he also emphatically maintained that such an agreement for disengagement and de-escalation mus
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With Budget Crunch, Navy Needs To Adopt An Innovative Approach For Financing Shipbuilding Programs
While the Navy was the first service which took up the indigenisation program long before, the share of the Navy as a percentage of total defence budget shows a decline in the Navy share from 18.12 % to 14.55%. So, the resources from budgetary sources will not be able to keep pace with the requireme
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