A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
U.S. Defense Secretary Mark Esper outlined plans to build a Navy fleet consisting of over 500 manned and unmanned ships by 2045. The planned fleet features a larger submarine component, …
Esper Charts Course for Future Navy Fleet Read More
Massive federal deficits, exacerbated by the COVID-19 crisis, have raised serious questions about the future of U.S. defense spending. Even before the pandemic hit the U.S., the Pentagon’s $705.4 …
Navigating the DoD Acquisition Budget During Uncertain Times 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
Thailand becomes the latest defense spending domino to fall in Asia as governments look to shift funding priorities toward novel coronavirus (COVID-19) economic and civil relief packages. With Thailand’s economy …
Thailand Cuts Defense Budget, Suspends Military Acquisition Projects Read More As South Korea seeks to mitigate economic fallout and social disruption in the wake of the novel coronavirus (COVID-19) pandemic, the government is looking for areas with which to shift …
South Korea Plans Defense Budget Reduction in Wake of COVID-19 Pandemic Read More
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
Brunei has announced its budget for the upcoming 2020-2021 fiscal year, with defense receiving an allocation of BND606 million ($430 million). This represents a 2.7 percent nominal increase over the …
Brunei Announces Upcoming Fiscal Year 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