Australia Sets $36.4Bn Defence Budget
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DefenceTalkThe Turnbull Government’s first priority is the safety and security of Australia and its people. The 2018–19 Budget will provide national and economic security, while generating thousands of Australian jobs. The Budget provides funding to continue to deliver: — on our ongoing commitments to Defence Operations around the globe, ensuring safety and security at home […]https://www.defencetalk.com/australia-sets-36-4bn-defence-budget-71663/
Lithuania hikes defence budget to meet NATO target
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DefenceTalkLithuania said Wednesday it would raise its defence spending to 2 percent of gross domestic product (GDP) next year to meet a NATO target amid security concerns over neighbouring Russia. The government of the Baltic state formally endorsed a rise from the current 1.8 percent of GDP to 2.006 percent for 2018. “In the light […]https://www.defencetalk.com/lithuania-hikes-defence-budget-to-meet-nato-target-70664/
France to boost defence budget by 1.6 bn euros in 2018
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DefenceTalkFrance will boost defence spending next year by 1.6 billion euros, Prime Minister Edouard Philippe said Thursday, just two months after a row over planned cuts to the budget triggered the resignation of the armed forces chief. Philippe said it was the biggest increase in six years. “This will be continued in 2019 and 2020 […]https://www.defencetalk.com/france-to-boost-defence-budget-by-1-6-bn-euros-in-2018-70424/
EU to boost joint defence spending
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DefenceTalkThe EU unveiled ambitious plans Wednesday to boost joint defence spending including on shared assets like drones and helicopters, as concerns grow that President-elect Donald Trump may downgrade the US security commitment. Trump shocked long-time NATO allies in Europe when he suggested on the campaign trail be would think twice about coming to their aid […]https://www.defencetalk.com/eu-to-boost-joint-defence-spending-68633/
China Announces 7.6-Pct Defense Budget Rise, Lowest In Six Years
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DefenceTalkChina on Saturday announced the country’s lowest defense budget increase in six years in the wake of rising economic headwinds and last year’s massive drawdown of service people. According to a budget report to the national legislature annual session, the government plans to raise the 2016 defense budget by 7.6 percent to 954 billion yuan […]https://www.defencetalk.com/china-announces-defense-budget-rise-66962/
China raises 2016 defence spending by 7.6 percent
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DefenceTalkChina will raise its defense spending by 7.6 percent this year, a budget report to the country’s Communist-controlled parliament showed on Saturday, a smaller increase than past years as it seeks a more efficient military. It was the “lowest defense budget increase in six years”, the official news agency Xinhua said, adding it came “in […]https://www.defencetalk.com/china-raises-2016-defence-spending-by-7-6-percent-66946/
China hits out at Japan over defence spending worries
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DefenceTalkChina dismissed Japanese concerns about its defence spending as “ridiculous” on Thursday after Tokyo commissioned its biggest-ever helicopter carrier. Both sides are boosting their military budgets as they grow increasingly wary of each other’s ambitions in the Asia-Pacific region, facing off over a maritime territorial dispute and how to interpret Japan’s motivations and actions during […]https://www.defencetalk.com/china-hits-out-at-japan-over-defence-spending-worries-63666/
China extends military splurge with 10.1% budget increase
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DefenceTalkChina unveiled a fresh double-digit spending boost for its military on Thursday with a 10.1 percent increase in 2015, as it is embroiled in a series of territorial disputes with its neighbours. Beijing plans to raise its military spending to 886.9 billion yuan ($141.4 billion), according to a budget report to the annual session of […]https://www.defencetalk.com/china-extends-military-splurge-with-10-1-budget-increase-63395/
China under-reported defense by 20 percent: Pentagon
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DefenceTalkChina underestimated its growing defense budget by nearly 20 percent with its spending likely nearing $145 billion last year, the Pentagon said Thursday. In an annual report required by Congress, the Pentagon said that China’s defense budget for 2013 was higher than the officially announced $119.5 billion. “We think that if you start factoring in […]https://www.defencetalk.com/china-under-reported-defense-by-20-percent-pentagon-59790/
The Norwegian Defence Budget for 2014
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DefenceTalkIn the national budget for 2014, the government continues to give considerable priority to the Norwegian Armed Forces, and to ensure a predictable and stable foundation for the further modernisation of the Defence sector. Maintaining a sustainable balance between resources, assignments and future ambitions continues to be at the heart of the Norwegian defence transformation. […]https://www.defencetalk.com/the-norwegian-defence-budget-for-2014-49382/