DefenceTalkPoland’s President Andrzej Duda said Tuesday the NATO member plans to spend more than four percent of its gross domestic product on defence next year amid security concerns over the war in neighboring Ukraine. He announced the sum of 137 billion zloty ($33 billion) at the opening of this year’s edition of the region’s biggest […]https://www.defencetalk.com/poland-to-spend-over-4-of-gdp-on-defence-in-2024-80073/

DefenceTalkRussia’s invasion of Ukraine has created a “new sense of urgency” among NATO member states to boost defence spending, the alliance’s chief Jen Stoltenberg said Thursday as he unveiled the organization’s 2021 report. The report itself — covering expenditures before Russia launched its war in February this year — showed just eight of NATO’s 30 […]https://www.defencetalk.com/ukraine-war-spurring-nato-allies-to-spend-more-stoltenberg-78559/

DefenceTalkAustralia will boost its defence forces by some 30 percent by 2040, Prime Minister Scott Morrison said Thursday, describing it as the country’s largest military build-up in peacetime. The force would grow by 18,500 personnel to 80,000 over the 18-year period, at a cost of some Aus$38 billion (US$27 billion), the prime minister said at […]https://www.defencetalk.com/australia-to-boost-defence-force-by-nearly-a-third-78371/

DefenceTalkSweden’s government announced plans Thursday for a major boost in military spending to two percent of GDP “as soon as possible”, citing the security threat from Russia’s war in Ukraine. Sweden, which ended decades of defence cuts after Moscow’s 2014 annexation of Crimea, said it hoped to reach its goal within a decade but gave […]https://www.defencetalk.com/sweden-to-raise-military-spending-over-ukraine-war-78368/

DefenceTalkTaiwan’s parliament on Tuesday passed an extra spending bill of nearly $8.6 billion in its latest bid to boost defence capabilities against an increasingly bellicose China. The government proposed a five-year special defence budget of around TW$237.3 billion from 2022 as Chinese warplanes breached its air defence zone at unprecedented levels last year. Democratic Taiwan […]https://www.defencetalk.com/taiwan-passes-extra-8-6-bln-defence-budget-as-china-threat-grows-77660/

DefenceTalkJapan’s defence ministry on Tuesday unveiled a $50 billion budget request as the country keeps military spending at record levels in the face of growing threats from China and North Korea. The military budget has been rising steadily for about a decade, and the defence ministry’s latest request warns that “the security environment surrounding our […]

DefenceTalkDefenceTalkSweden said Thursday it would boost military spending by 40 percent over the next four years as it seeks to ramp up defence capabilities in the face of European tensions. An extra 27 billion Swedish kronor ($3 billion, 2.6 billion euros) will be added to the country’s defence budget from 2021 to 2025, Defence Minister […]https://www.defencetalk.com/sweden-to-ramp-up-defence-spending-by-40-pct-76468/

DefenceTalkChina will increase its military budget by a slower 6.6 percent this year, the government announced Friday at the opening session of its annual National People’s Congress. The budget will be set at 1.268 trillion yuan ($178 billion) for the year — the second-biggest in the world after the United States — continuing a downward […]https://www.defencetalk.com/china-military-budget-growth-slows-to-6-6-percent-75638/

DefenceTalkTotal global military expenditure rose to $1917 billion in 2019, according to new data from the Stockholm International Peace Research Institute (SIPRI). The total for 2019 represents an increase of 3.6 per cent from 2018 and the largest annual growth in spending since 2010. The five largest spenders in 2019, which accounted for 62 per […]https://www.defencetalk.com/global-military-expenditure-sees-largest-annual-increase-in-a-decade-75298/

DefenceTalkA row over how much NATO members spend on defence will overshadow a summit of alliance leaders this week, with US President Donald Trump set to tell allies in blunt terms to boost their military budgets. Trump has repeatedly berated European NATO members and Canada for lagging on a pledge to try to spend two […]https://www.defencetalk.com/defence-spending-by-nato-members-71734/