budget News

U.S. Navy Shoots Four LRASMs at Once
Weapon / Missile

U.S. Navy Shoots Four LRASMs at Once

U..S Navy Announces Successful Test of Simultaneous Engagement of Four AGM-158C LRASM Anti-Ship Missiles.

Norway Declares its Long-Term Defence Plan
Defence Politics

Norway Declares its Long-Term Defence Plan

The Norwegian Government proposes to parliament an increase in defence spending of approximately 60 billion USD over the next 12 years.

Japan to Develop Interceptor Against Hypersonic Missiles
Weapon / Missile

Japan to Develop Interceptor Against Hypersonic Missiles

Japan has revealed a ¥75 billion (Roughly $526.7 million) funding for developing interceptors to counter the hypersonic missile threat.

Japan Approves Record Defence Budget: $56bn
Navy / Maritime Defence Politics Country

Japan Approves Record Defence Budget: $56bn

Today, Japan approved the government budget for fiscal 2024 as $56 billion, which secures $2.59 billion to build two Aegis System Equipped Vessels (ASEV).

468 billion TL Budget for the Defence Industry Support Fund
Country

468 billion TL Budget for the Defence Industry Support Fund

Vice President Fuat Oktay stated that the Defence Industry Support Fund has a budget of 468 billion TL in the 2023 Central Government Budget Bill.

 Record Defence Budget for Turkiye
Country

Record Defence Budget for Turkiye

Turkish President Recep Tayyip Erdoğan approved the Strategy and Budget Presidency’s Medium Term Program (2023-2025). Turkiye’s defence budget will exceed 20 billion dollars if the program is carried out as stated.

Congress settles on $782.5B national defence budget, disbursing $13.6 billion aid to Ukraine
Bilateral Relations Defence Politics

Congress settles on $782.5B national defence budget, disbursing $13.6 billion aid to Ukraine

After nearly six months of continuing resolutions, Congressional appropriators finally reached an agreement. A bipartisan agreement among Congressional appropriators has brought the United States closer to passing a fiscal 2022 budget that includes $782 billion for national defence and an additional $13.6 billion in aid to Ukraine.

Biden requests $715B for Pentagon
Defence Politics

Biden requests $715B for Pentagon

U.S. President Joe Biden made his first request for a defence budget. He asked for $753 billion in national security funding, an increase of 1.6 per cent that includes $715 billion for the Defence Department.