A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Japan’s Ministry of Defense has submitted a budget request of ¥8.54 trillion ($59.76 billion) for fiscal year 2025 (FY25). The requested total marks a 7.5 percent increase over the current …
No Going Back: Japan Continues to Hike Defense Spending Read More
Aircraft and combat vehicles were among the big winners of the final FY24 defense appropriations bill, while spending on missiles and space programs saw a decline compared to the administrator’s …
Aircraft and Combat Vehicles Drive Growth in Pentagon’s FY24 Spending Bill Read More
China will raise its defense budget topline by 7.2 percent for 2024 as per a government announcement on March 5 during the second annual session of the 14th National People’s …
China Set to Increase Military Budget by 7.2 Percent Read More
U.S. lawmakers passed yet another stopgap spending bill that would avert a partial government shutdown this weekend. The deadline to pass a final FY24 budget was pushed to March 8 …
Congress Delays FY24 DoD Budget Again, Raising Fears of a Year-Long Continuing Resolution Read More
The U.S. is facing yet another potential government shutdown at the end of the week. The government is already operating under its third continuing resolution of the year, which keeps …
Another Budget Deadline Approaches in Washington Read More
Budget delays persist in Washington, and lawmakers are now working on a third stopgap spending measure to prevent a partial government shutdown Friday. A new continuing resolution was unveiled Sunday …
U.S. Defense Spending Bill Faces Additional Delays Read More
“War has returned to Europe. Germany and its allies once again confront a military threat. The international order is being attacked in Europe and around the world. We are experiencing …
Germany Faces Tall Task in Reversing Bundeswehr’s Decline Read More
Congress passed a new continuing resolution to avoid a government shutdown tonight, but the legislation locks the Department of Defense at reduced funding levels into early 2024. The unique spending …
Congress Kicks the Can on FY24 Appropriations, Prolonging DoD Funding Shortfalls Read More
The Swedish government has put forth a budget bill for fiscal year 2024 (FY24) that will drive defense spending up by 30 percent year-on-year and push the country towards the …
Eying NATO Membership, Swedish Government Proposes Defense Spending Hike 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