A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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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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 …
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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 …
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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 …
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The White House has issued a veto threat for the House version of the FY20 defense authorization bill, and the president has said he would not sign the defense policy …
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