India's defence capital spending is expected to remain steady at about 0.5 per cent of nominal GDP, according to a new sectoral update by B&K Research.
In an op-ed in the Washington Post, Lai said Taiwan is committed to maintaining peace in the Indo-Pacific region despite frequent Chinese military incursions into its vicinity and drills breaching the first island chain that extends from Japan to Borneo.
Japan plans to raise defence spending by including space, aviation, and infrastructure projects beyond the Defence Ministry. Prime Minister Sanae Takaichi aims to reach 2% of GDP by fiscal 2025, accelerating previous targets, amid China's assertiveness and US pressure for Japan to shoulder m
Taiwan President William Lai urged strengthening defence and national unity, warning that China's military activities threaten Taiwan and the democratic world. He highlighted reforms, increased defence spending, and public solidarity as key to safeguarding sovereignty and democracy, praising
Taiwan's defence spending is set to touch 3.32 per cent of the gross domestic product (GDP) next year, according to Premier Cho Jung-tai, as reported by Focus Taiwan.
Gen Naravane stressed that defence preparedness is crucial for maintaining peace, both domestically and internationally. He quoted a Roman scholar from the 5th century AD, saying, "If you want peace, prepare for war."
French President Emmanuel Macron announced on Sunday evening an acceleration of national defence spending, with the budget set to reach EUR64 billion by 2027 instead of the previously scheduled 2030 target.
NATO's plan to raise defense spending won't affect Russia's security, Foreign Minister Sergey Lavrov said, according to RT. He dismissed the threat claims as baseless and reiterated Moscow's openness to peace talks if NATO expansion and support for Ukraine are addressed.
The member states of the North Atlantic Treaty Organisation (NATO) have committed to ramping up their defence spending, affirming an "ironclad commitment" for their collective defence by investing 5 per cent of their country's GDP annually on "core defence requirements" as well as defence
NATO Foreign Ministers met in Turkey's Antalya on Wednesday and Thursday with a key focus on increasing defence spending, with Secretary General Jens Stoltenberg declaring that the current 2 per cent of GDP target is "not nearly enough."