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January 15, 2021
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Defense Security Monitor

Defense Security Monitor

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

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Tag: defense spending

Europe / Featured / Geopolitics

British Government Announces Major Defense Spending Boost

November 19, 2020November 19, 2020 - by Daniel Darling

In what may reasonably be described as a surprise, British Prime Minister Boris Johnson has announced a major investment package for the Ministry of Defence – marking the largest such …

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COVID-19 / Featured / Industry

New Report on World Aerospace/Defense Pandemic Outlook and Recovery

September 16, 2020September 17, 2020 - by Forecast International

The pandemic has strongly impacted some sectors of the worldwide aerospace/defense industry, but not all sectors have been negatively impacted. What will recovery look like?  What is the long-range outlook …

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Asia / COVID-19 / Geopolitics / Region

Due to COVID-19, South Korea Plans Fresh Cut to 2020 Defense Budget

June 3, 2020June 3, 2020 - by Daniel Darling

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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Asia / Geopolitics

China’s Defense Budget Set to Grow at Slower Pace

May 26, 2020May 26, 2020 - by Daniel Darling

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. …

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Asia / COVID-19 / Geopolitics

South Korea Plans Defense Budget Reduction in Wake of COVID-19 Pandemic

April 16, 2020April 16, 2020 - by Daniel Darling

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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COVID-19 / Europe / Featured / Geopolitics

How Will Germany’s Defense Spending be Affected by the COVID-19 Pandemic?

April 9, 2020June 18, 2020 - by Daniel Darling

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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Featured / Geopolitics / Middle East

Oil Salvoes Put Further Pressure on Saudi Defense Budget

April 1, 2020April 1, 2020 - by Derek Bisaccio

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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Middle East

Saudi Arabia Cuts Defense Budget

December 9, 2019December 9, 2019 - by Derek Bisaccio

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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Europe / Geopolitics

Putin: Defense Spending Cuts Won’t Affect Russian Security

November 12, 2019December 5, 2019 - by Derek Bisaccio

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 walks on a red carpet in front of a military guard
Featured / Geopolitics / North America

Canada’s Justin Trudeau Remains in Power, but Fails to Secure Majority Government

October 24, 2019December 10, 2019 - by Shaun McDougall

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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