Tag: defence spending
11 articles
NATO Unveils Massive Defence Contracts at Ankara Summit
NATO Secretary-General Mark Rutte promises a huge boost in defence spending, with "tens of billions" of dollars in new contracts set to be unveiled at the Ankara summit, marking a major step from commitment to action. The move aims to show the alliance is delivering on its pledges, not just making promises.
Pakistan Defence Budget Targets Modernization with $10.76 Billion Outlay
Pakistan is set to bolster its defence capabilities with a record $10.76 billion budget for FY2026-27, but experts say the impressive figure hides underlying complexities when factoring in the rupee's decline and spending trends. The allocation breaks down into PKR 967 billion for personnel, PKR 743 billion for operations, and a 39% surge in "physical assets" to PKR 925 billion.
Pakistan Bolsters Defence Spending Amid Currency Woes
Pakistan is ramping up its defence spending with a record PKR 3.0 trillion budget for 2026-27, a 17.65% increase from the previous year, which translates to around $10.76 billion USD. This significant boost comes as the country navigates economic challenges, including currency fluctuations.
Australia's Defence Budget Exposes Funding Gap
Australia's defence budget reveals a surprising truth: behind the hefty daily spend of A$181.9 million lies a funding gap, where increased workforce spending comes at the cost of reduced readiness and delayed capability upgrades.
Australia's Defence Spending Trails Strategic Ambition
Australia's defence landscape is undergoing a significant transformation, driven by the 2024 and 2026 National Defence Strategies, AUKUS, and a massive overhaul of its defence posture. The changes include a historic submarine deal and a bold new vision for the country's military future.
Australia Launches $7.8 Billion Submarine Life Extension Program
Australia is investing $7.8 billion to breathe new life into its fleet of six Collins-class submarines, extending their service until the 2040s and ensuring the country's naval edge remains sharp. The life-extension program will see the state-owned company ASC carry out the work, bridging the gap to the arrival of nuclear-powered submarines.
Australia's Defence Spending Plan Leaves $17.4 Billion in Uncertainty
A whopping $17.4 billion of Australia's promised $53 billion defence spending boost hangs in the balance, leaving a significant chunk of the nation's defence future uncertain. Only $6.8 billion of the planned increase is firmly accounted for in the near term, sparking questions about the government's long-term strategy.
Australia's Defence Strategy Shifts Focus to Self-Reliance
In a world that's grown increasingly perilous, Australia is taking a bold new approach to defence, shifting its focus to self-reliance while strengthening partnerships with trusted allies. The 2026 National Defence Strategy and its $425 billion spending plan prioritise cutting-edge capabilities to safeguard the nation and support regional partners.
Australia's Defence Spending Defies Simple Tally
Ever wondered how much Australia really spends on defence? The answer is surprisingly complicated, with the country's new National Defence Strategy revealing not one, not two, but three different ways to tally the costs.
Australia Boosts Defence Spending on Uncrewed Systems and Missile Defence
Australia's latest defence spending plan puts a bold focus on game-changing tech, prioritizing uncrewed systems, advanced missile defence, and strike weapons to stay ahead of emerging threats. This strategic shift signals a new era in defence strategy, tackling the complexities of modern warfare head-on.
ANAO Bolsters Oversight of Defence Acquisition Spending
Australia's Defence acquisition spending is getting a closer watch, thanks to a renewed focus on transparency and public oversight. After concerns that accountability might slip, it seems the nation is quietly strengthening its checks and balances.