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
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
With China continuing to ramp up coercion operations in the wake of U.S. House Speaker Nancy Pelosi’s visit to Taiwan on August 2, the government of Taiwan’s president, Tsai Ing-wen, …
As China Looms Ever Larger, Taiwan Prepares Record Defense Budget for 2023 Read More
Chief of Naval Operations Adm. Michael Gilday released a public version of his 2022 Navigation Plan (NAVPLAN) that includes details of the Navy’s desire for a fleet of 373 battle …
New Details Emerge about U.S. Navy’s Desired Fleet Size Read More