Military Expenditure
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Military Spending Soars Globally Amid Rise In Armed Conflicts
New war fronts have emerged across the globe, driving a rapid surge in military spending. In 2024, global military expenditure reached $2.718 trillion, up 9.4 per cent from 2023, marking the largest annual increase since 1988.
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
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2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
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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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Robust Defence Finance System Backbone Of Strong Military: Rajnath Singh
Defence Minister Rajnath Singh on Wednesday batted for a foolproof system of internal and external audit for defence expenditure and called for devising innovative ways to maximise the value of money spent on India's security needs.
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Capital Expenditure Percentage On Import By Armed Forces On Decline: Centre
The percentage of capital expenditure incurred by the armed forces for the import of equipment and military hardware witnessed a steady decline in the last three years, data provided by the government in Lok Sabha on Friday showed.
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Wasted Funds On Central Vista, PM Planes: Sachin Pilot On 'Agnipath' Row
Congress leader Sachin Pilot today questioned the expenditure of Rs 20,000 crore on the Central Vista project amid the protests over the new military recruitment scheme, Agnipath, that has seen huge protests over the new military recruitment scheme t
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India's Military Spending 3rd Highest In World: Report
World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three largest spenders were the United States, China and India.
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Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
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In A First, India In Top 3 Of Largest Military Spenders In 2019: Report
Global military expenditure at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders after the US, a Stockholm-based think-tank said on Monday, the first time the two Asian giants were among the top three countries spending more on armaments.
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Military Spending Soars Globally Amid Rise In Armed Conflicts
New war fronts have emerged across the globe, driving a rapid surge in military spending. In 2024, global military expenditure reached $2.718 trillion, up 9.4 per cent from 2023, marking the largest annual increase since 1988.
-
Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
-
2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
-
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.
-
Robust Defence Finance System Backbone Of Strong Military: Rajnath Singh
Defence Minister Rajnath Singh on Wednesday batted for a foolproof system of internal and external audit for defence expenditure and called for devising innovative ways to maximise the value of money spent on India's security needs.
-
Capital Expenditure Percentage On Import By Armed Forces On Decline: Centre
The percentage of capital expenditure incurred by the armed forces for the import of equipment and military hardware witnessed a steady decline in the last three years, data provided by the government in Lok Sabha on Friday showed.
-
Wasted Funds On Central Vista, PM Planes: Sachin Pilot On 'Agnipath' Row
Congress leader Sachin Pilot today questioned the expenditure of Rs 20,000 crore on the Central Vista project amid the protests over the new military recruitment scheme, Agnipath, that has seen huge protests over the new military recruitment scheme t
-
India's Military Spending 3rd Highest In World: Report
World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three largest spenders were the United States, China and India.
-
Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
-
In A First, India In Top 3 Of Largest Military Spenders In 2019: Report
Global military expenditure at 3.6 per cent saw its largest annual spike in a decade in 2019 with China and India being the second- and third-largest spenders after the US, a Stockholm-based think-tank said on Monday, the first time the two Asian giants were among the top three countries spending more on armaments.
