A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The outbreak of the worldwide novel coronavirus (COVID-19) pandemic is placing the global economy in a near-total freeze as governments are forced to undertake shelter-in-place and quarantine orders in order …
How Will Germany’s Defense Spending be Affected by the COVID-19 Pandemic? Read More
Emergence of the novel coronavirus COVID-19 has upended the global economic outlook for the upcoming year. Governments around the world have been forced to reassess their budgets and enact new …
Oil Salvoes Put Further Pressure on Saudi Defense Budget Read More
Saudi Arabia is planning to further shrink its defense budget for the upcoming year. This week, Saudi Arabia unveiled its plan for the budget in 2020. Overall, the government is …
Saudi Arabia Cuts Defense Budget Read More
Following a multiyear modernization effort, the Russian military is able to provide for Russia’s security, even with some recent cuts to the defense budget. The military has passed the “peak …
Putin: Defense Spending Cuts Won’t Affect Russian Security Read More
Justin Trudeau will remain Canada’s prime minister following the latest national elections, but his Liberal Party lost seats and will move forward in a minority government. Back in 2015, the …
Canada’s Justin Trudeau Remains in Power, but Fails to Secure Majority Government Read More
The U.S. Congressional Budget Office has released its annual assessment of the Navy’s shipbuilding plan. The latest report covers the service’s FY20 budget request and long-term spending plans. The Navy’s …
CBO Releases Analysis of U.S. Navy’s FY20 Shipbuilding Plan Read More
Sweden’s Social Democrat-Green Party minority government is planning to plow SEK20 billion ($2 billion) into defense between 2022 and 2025. The government, led by Prime Minister Stefan Lofven, intends to …
Sweden Plans $2 Billion in Extra Defense Spending from 2022-2025 Read More
Thailand’s government has given its stamp of approval to a defense budget proposal for 2020 that will see topline spending rise to THB233.35 billion ($7.6 billion). The draft figure marks …
Thai Government Approves Defense Budget Draft for 2020 Read More
Sudan’s new prime minister aims to reduce the country’s bloated defense budget. In a recent interview with the Associated Press, Sudanese Prime Minister Abdalla Hamdok discussed a number of reforms …
New Sudanese Prime Minister Aims for Reduction in Defense Spending Read More
A budget agreement has been reached that will adjust federal spending limits in FY20 and FY21, providing the Department of Defense with budget stability for the next two years. The …
U.S. Budget Agreement Secures Defense Topline for Two Years Read More