A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
President Joe Biden said he would veto a proposed House defense spending bill if it were to be put on his desk in its current form. The House defense appropriations …
White House Cites Multiyear Munitions Buys in Veto Threat of House Appropriations Bill Read More
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
The White House is seeking $24 billion in additional funding to support Ukraine for the first few months of the 2024 fiscal year. That funding is part of a broader …
White House Requests $13.1 Billion in New Military Aid for Ukraine 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
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
The ink hasn’t dried on the debt deal that placed limits on defense spending, but lawmakers are already discussing potential workarounds to add more funding to the Pentagon’s coffers in …
Lawmakers Already Eyeing Debt Limit Workarounds to Boost Defense Budget Read More
The new debt ceiling and spending agreement reached by President Joe Biden and House Speaker Kevin McCarthy has major implications for Pentagon spending and acquisition programs for at least the …
Implications of the Debt Agreement for Pentagon Spending and Acquisition Read More
The FY23 National Defense Authorization Act released by Congress this week recommends adding $4.7 billion to the FY23 budget for Navy shipbuilding programs, which would lift the shipbuilding account to …
Defense Policy Bill Adds Third Destroyer, Boosts Amphib Funding Read More
So far this year, four defense committees in Congress have put their own unique spin on the FY23 defense budget while taking the administration’s request and other funding recommendations into …
How FY23 Defense Legislation Will Impact DoD Acquisition Programs Read More