British Prime Minister Johnson announced his government's intention to increase defence spending by £24.1 billion over the next four years, on top of existing annual defence spending (around £40bn p/a), and hence amounting to £190 billion over the next four years. That's nearly £200bn for the next 4 years. For what?
What did he just say? Defence Secretary Ben Wallace, speaking of the £24bn increase in defence budget announcement today, told Sky News: "Part of Britain’s overseas assistance is defence and security.'' Mr Wallace insisted the Government was not "abandoning the battlefield of international aid", but stated the "decisions on the numbers" will be revealed by the Chancellor next week. "Do … Continue reading The ‘battlefield of international aid’?
https://www.militarytimes.com/news/pentagon-congress/2018/11/14/price-tag-of-the-war-on-terror-will-top-6-trillion-soon/ The price tag of the ongoing “war on terror” in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday. The annual Costs of War project report, from the Watson Institute for International and Public Affairs at Brown … Continue reading Price tag of the ‘war on terror’ will top $6 trillion soon
For starters, it’s about an $80 billion increase in the Pentagon’s budget from 2017 to 2019. In real terms, that’s about 11 percent — a larger two-year increase than the DoD received during the height of the Reagan military buildup in the mid-1980s. To put this massive increase in perspective, here are a few other … Continue reading 11% increase in Pentagon’s budget
France unveiled Thursday a draft of its 2019-2025 military budget plan, setting €295 billion (U.S. $361 billion) on spending, which included better barracks, larger orders of Army armored vehicles, and studies on next-generation nuclear submarines and airborne nuclear missiles. That spending plan compares to €190 billion in the present 2014-2018 budget law. The Armed Forces … Continue reading France proposes big military spending increase