A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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 …
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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. …
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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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