A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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
Confronted with a severe financial crisis, the government of Sri Lanka has announced plans to slash its armed forces over the course of the year in an effort to get …
Sri Lanka Announces Major Cut to Armed Forces Read More
With global tensions continuing to heat up, the Chinese government has announced its intention to increase its defense budget by 7.1 percent year-on-year for 2022. The official topline figure will …
China Plans Defense Budget Increase of Over 7 Percent for 2022 Read More
Uzbekistan’s defense industry recently showed off new military vehicles entering production. During President Shavkat Mirziyoyev’s visit to the Academy of the Armed Forces of Uzbekistan on January 12, the president …
Uzbekistan Displays New Military Vehicles Read More
Just a few weeks before the U.S. presidential election, the Trump administration has cleared yet another billion-plus-dollar Foreign Military Sales package for Taiwan. The latest FMS package involves three sales …
Taiwan Cleared for $1.8 Billion Worth of FMS Purchases Read More
Japan’s abrupt decision to suspend deployment of U.S.-produced AEGIS Ashore missile defense systems amid cost and technical concerns came as a bit of a surprise. Announced by Defense Minister Taro …
Japan’s AEGIS Ashore Deployment Suspension Raises Questions Read More The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
Due to COVID-19, South Korea Plans Fresh Cut to 2020 Defense Budget Read More China has announced a defense budget for 2020 that will result in a year-on-year nominal increase of 6.6 percent, the lowest such figure since the first half of the 1990s. …
China’s Defense Budget Set to Grow at Slower Pace Read More
The Turkmen Air Force is believed to have placed an order for the M-346 jet trainer aircraft. Earlier this month, the Italian Ministry of Foreign Affairs reported to the Senate …
Turkmenistan Presumed to be M-346 Customer Read More
Afghan security forces have repelled a Taliban attack on the northern city of Kunduz. In a statement on Tuesday, the Afghan Defense Ministry announced that an early morning attack on …
Afghan Military Thwarts Taliban Attack on Kunduz Read More