A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The Polish draft budget for FY24 released by the Ministry of Finance indicates a sharp year-on-year increase for the country’s defense budget. The proposed earmark reflects a rise from the …
Poland Proposes Double-Digit 2024 Budgetary Increase for Defense Read More
The South Korean government has approved a Defense Ministry request to raise the topline defense budget by 4.5 percent nominally year-on-year in 2024. The government intends to submit the budget …
South Korean Government Plans 4.5 Percent Rise for 2024 Defense Budget Read More
Overnight on June 23 of this year, Wagner Group commander Yevgeny Prigozhin played his hand, launching a mutiny against the Russian Ministry of Defense after months of bickering with its …
Putin Owns the Cards Read More
In June, after months of speculation, Kyiv launched its much-awaited counter-offensive against the Russian military, aiming to break the impasse that settled over the conflict through the winter and spring …
Russian Wartime Defense Spending Balloons Read More
Imagery of Near-Complete Chinese Military Naval Station in Cambodia. Image – Black Sky On July 24, BlackSky Technology, Herndon, Virginia, published a series of satellite images showing the rapid development …
China Extends Its Grasp Read More
The leaders of the Senate Appropriations Committee reached an agreement to add $8 billion to the FY24 defense budget, using emergency spending authority to bypass spending limits put in place …
Senate Appropriators Agree to Bypass Spending Limits, Add $8 Billion for Defense Read More
The House’s recent version of the FY24 defense appropriations bill provided a lifeline for the alternate engine being developed for the F-35, but the legislation doesn’t foresee actually using the …
House Bill Keeps Alternate F-35 Engine Afloat, but Only for Research Purposes Read More
U.S. Congressional defense committees have been hard at work marking up their versions of FY24 defense legislation. Thus far, we’ve seen drafts released from the House Armed Services Committee and …
FY24 Congressional Budget Markup Process in Full Swing Read More
After months of bickering with the Ministry of Defense over the course of the war in Ukraine, Wagner PMC head Yevgeny Prigozhin threw down the gauntlet over the weekend, marching …
Prigozhin Plays His Hand Read More
The FY24 budget request (PB24) changed significantly from projections in last year’s spending plan (PB23), for a variety of reasons. Some programs were increased in scope, some were scaled back, …
Biggest Gains and Losses in the Pentagon’s FY24 Budget Read More