Tag: military expenditure
3 articles
Turkey Boosts Defense Spending with 229% Procurement Hike
Turkey is supercharging its defense capabilities with a whopping 229% increase in procurement spending, a significant boost that underscores the country's commitment to strengthening its national security. This dramatic hike is part of a proposed $44.5 billion defense budget that also includes $25.2 billion for internal security.
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.
Global Military Spending Surges to $2.89 Trillion
Global military spending skyrocketed to $2.89 trillion in 2025 as nations worldwide ramped up their defenses in response to ongoing conflicts, rising tensions, and an increasingly unstable global landscape. Europe led the charge with a 14% surge in defense spending, reaching a staggering $864 billion.