Page 4 - Defence Budget

China to increase military budget by 'appropriate and reasonable' level

Under Xi Jinping's leadership, China has continued to significantly expand and overhaul its military

NATO chief Stoltenberg eyes bigger defence budgets, hard spending target

NATO Secretary-General Jens Stoltenberg on Wednesday urged the 30 member countries to commit to spending at least 2 per cent of their gross domestic product on defense by a set date, as Russia's war on Ukraine and other threats eat into military spending. NATO allies agreed in 2014, after Russia annexed Ukraine's Crimean Peninsula, to halt the spending cuts they had made after the Cold War and move toward spending 2 per cent of GDP on their defence budgets by 2024. That pledge expires next year, and NATO is working on a new target. What is obvious is that if it was right to commit to spend 2 per cent in 2014, it is even more right now because we live in a more dangerous world, Stoltenberg told reporters, after chairing a meeting of NATO defence ministers, where a first high-level discussion on the issue was held. There is a full-fledged war going on in in Ukraine, in Europe, and then we see the persistent threat of terrorism, and we see also the challenges that China is forcing to o

Decluttering the defence budget

There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact

Defence Budget and its discontents

Allocations made for capital expenditure must increase if India is to keep pace with China's rising military might

India steadily building its naval strength, but the usual challenges remain

Inadequate budgets, delays in placing orders and then in construction, poorly coordinated delivery schedules, and the China factor present manifold challenges for the navy, notes T N Ninan

Japan's PM seeks to increase defence budget to 2% of GDP in fiscal 2027

Japanese Prime Minister Fumio Kishida has required cabinet Ministers to increase the nation's defence budget to around 2 per cent of GDP in the fiscal year of 2027

Amid tensions with China, Taiwan defence budget to go up by 13.9%

Amid rising tensions with China, Taiwan's defence budget is set to go up by 13.9 per cent next year, according to a proposal announced by the Cabinet on Thursday

Value of defence offset commitment in 15 years stands at $6.83 bn: Govt

The total value of defence offset commitment that needed to be implemented over the last 15 years has been estimated at USD 6.83 billion, the government said in Lok Sabha on Friday.

Pakistan hikes defence budget by over 11%; allocates Rs 1,523 billion

The budget showed that debt servicing has risen to 29.1 per cent of the budget, making it the single largest expenditure and accounting for 45.4 per cent of the current expenditure

China hikes defence budget by 7.1% to $230 bn, three times India's spending

China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region

China hikes defence budget by 7.1% to $230 bn from last yr's $ 209 bn

The hike is over three times that of India's defence budget of Rs 5.25 trillion (about $70 billion) for 2022.

'MoD to create panel to monitor budget spending for full utilisation'

The Defence Ministry will create a panel with representatives from all three services to monitor its budget spending so that it is fully utilised in time, Defence Minister Rajnath Singh said on Friday. The government's commitment to reducing imports and modernising armed forces with indigenous technology has been given further impetus in this budget, he said in his speech during a post-budget webinar. Singh said he is sure that the Defence Ministry has noted all the valuable suggestions received and deliberated during the webinar and has also drawn an action plan for time-bound implementation of the budget announcements for atmanirbharta (self-reliance) in defence. "For promoting industry-led research and development (R&D) efforts, I would sanction at least five projects under Make-I during the financial year 2022-23," he mentioned. Projects under 'Make-I' category involve government funding of 90 per cent, released in a phased manner and based on the progress of the scheme, as ...

A bigger, not better, defence budget

Even as the total allocation has increased, it has fallen as a percentage of GDP

Budget 2022: Will 68% earmarking boost indigenous defence manufacturing?

Budget 2022 proposals seem to give a big push to Make in India in defence with 68% of capital procurement allocation earmarked for domestic industry. What does this mean for India's defence industry?

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

Military should fund its own modernisation

Boosting its capital expenditure does not require a great deal of money

Pakistan govt unveils Rs 8.5 tn FY budget, defence gets Rs 1,370 bn

Pakistan government on Friday proposed Pakistani rupees 8,487 billion budget for the next financial year with a fiscal deficit target at 6.3 per cent of gross domestic product (GDP)

Defence Budget: Military gets 28% less budget than it projected

Money requested for equipment modernisation slashed by 38 per cent

China hikes defence budget to $209 billion, 6.8 per cent increase

China on Friday increased its defence budget to $209 billion, a 6.8 per cent hike compared to the last year

Import embargo on 101 defence items would encourage self-reliance: PM Modi

Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes